Multi-residential complex of 7 units located in downtown Granby, comprising a sixplex at 27 Court and an independent 4½ at 25 Court. The asset generates rental income and benefits from a strategic location close to shops, services, and major roadways.
Central location in Granby
GK11C zoning allowing for multi-family housing R4+
Documented densification/redevelopment potential
Several improvements made in recent years.
Short and medium-term rental potential, subject to applicable authorizations
25 Court: painting, enhancement, and roof redone in 2023.
27 Court: replacement of electronic thermostats and several fans, range hoods, and LED light fixtures; Internet network redone; painting of the stairwell and several units; kitchen improvements at 27-5.
25-27 Court is sold as part of a portfolio with 142-144 Victoria.
However, both lots must be subject to separate financing and cannot be financed jointly under the same CMHC financing.
Possibility of selling company shares.
Sale without legal warranty of quality, at the buyer's risk and peril.
| Cadastral number | 1 010 472 |
| Total Municipal Assessment | 724 000 $ |
| Municipal Land Assessment | 92 400 $ |
| Municipal Building Assessment | 631 600 $ |
| Number of Storeys | 3 for the sixplex; 2 for the cottage |
| Type of Building | Detached |
| Type of Construction | Wood frame |
| Year of Construction | 1947, 1964 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 5 Parking spaces |
| Land Surface Area | 4 971 p.c |
| Laundry Room | N/A |
| Number of Rooms | 35 |
| Number of Units | 7 (4 x 4½ + 3 x 3½) |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Included in most units; maintenance under the tenant's responsibility |
| Heating Responsibility | Tenants – 25 and 27 Court |
| Hot Water Responsibility | Tenants – 25 and 27 Court |
| Sixplex at 27 Court and independent 4½ cottage at 25 Court. Owner-paid electricity applies only to 27 Court common areas; 25 Court is tenant-paid. | |
| Fenced | No |
| Internet and Telecom | Yes; Internet network redone |
| Plumbing | Mix of copper, PEX, ABS, and cast iron / repairs and additions over the years |
| Condition of Roof | Elastomeric membrane, redone in 2023 |
| Condition of Doors | Steel and glazed steel; fire doors at 25-27 Court |
| Condition of Balconies | Fiberglass with aluminum railings |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Intercom with digital keypad |
| Heating System | Electric baseboards and convectors |
| Hot Water System | Independent tanks |
| Condition of Windows | Sixplex: replaced in 2020 |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers; 400 A entrance at the sixplex, 100 A panel at the cottage |
| Exterior Siding | Mainly vinyl/aluminum |
| Distance from fire station and hydrant | Fire station 2.5 km |
| Condition of Bathrooms | Good condition |
| Environmental Report | Yes, performed in 2023. |
| Floor Covering | Ceramic, linoleum, and hardwood |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $89,400 | 91.5 % | $1,064 |
| Affordable res. | |||
| Commercial | |||
| Lockers | $2,880 | 2.9 % | $34 |
| Parking | $3,000 | 3.1 % | $36 |
| Laundry | |||
| Bureau privé + salle d'eau | $2,400 | 2.5 % | $29 |
| Total revenues | $97,680 | $1,163 | |
| Vac. / Bad debt | $2,930 | 3 % | $35 |
| EGR | $94,750 | $1,128 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,264 | 4.5 % | $609 |
| Municipal Taxes | Current | $7,688 | 8.1 % | $1,098 |
| School Taxes | Current | $479 | 0.5 % | $68 |
| Insurance | Current | $6,178 | 6.5 % | $883 |
| Electricity | Current | $2,120 | 2.2 % | $303 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,750 | 1.8 % | $250 |
| Maintenance | Normalised | $4,900 | 5.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $947 | 1 % | $135 |
| Total expenses | $28,326 | 29.9 % | $4,047 | |
| Net Revenue | $66,423 | $9,489 |
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