Nick Slobodinuk
| Team Slobodinuk & Rainville
Executive VP
|
Real Estate Broker | PMML Partner
Six-unit building (6 × 3½) built in 1914, brick, 3 storeys, in the Sainte-Marie sector of Ville-Marie, under a 10-minute walk from Frontenac metro. Structure rebuilt in 2024 under permit: new footings. 12 PVC windows (2023), masonry (2016, 2019). Fully rented, leases to June 30, 2027. Heating and electricity paid by tenants. Very well maintained, clean and profitable day one. Great asset.
Structure rebuilt in 2024 (footings, steel columns, joists): permit, engineer's plans and final compliance report
100% rented, $98,340/year; all leases to June 30, 2027
Heating and electricity paid by tenants
12 Energy Star PVC windows (2023), brick repointing (2019)
2026 Certificate of location available
2024: crawl-space structure: $46,160. 2024: floors in units 1 and 2. 2023: 12 PVC windows: $22,037. Nov. 2023: cameras: $2,260. Oct. 2019: brick repointing: $4,900. Aug. 2018: kitchen cabinets, unit 4: $4,102. 2017: main door, patio door, stairwell. More than 100,500$ invested into the property.
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 1 425 227 |
| Total Municipal Assessment | 944 400$ |
| Municipal Land Assessment | 220 000$ |
| Municipal Building Assessment | 724 400$ |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brick; wood-joist floors; crawl space |
| Year of Construction | 1914 |
| 2024 structural work (with permit): footings added under load-bearing walls, steel columns, joist reinforcement, work compliant with recommendations. Original foundation unknown. | |
| Fire System | Smoke detectors |
| Type of Parking | Street |
| Number of Parking Spaces | 0 |
| Land Surface Area | 137.5 m² (1,480 sq. ft.) |
| Laundry Room | No |
| Number of Units | 6 x 3.5 |
| Washer/Dryer Inlet | Yes, in some the units |
| Appliance Responsibility | According to leases |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenants (electricity); water heaters supplied by owner |
| Sale without legal warranty to quality at the buyer's risk | |
| Fenced | N/A |
| Internet and Telecom | No |
| Plumbing | To be verified |
| Condition of Roof | Elastomeric membrane, 2013 per previous owner |
| Condition of Doors | ain door replaced (May 2017); unit 4 patio door (2017) |
| Condition of Balconies | 2015 |
| Concierge Agreement | None |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboards |
| Hot Water System | 6 electric water heaters: 3 rented (Hydro-Solution) |
| Condition of Windows | 12 replaced Fenplast Energy Star PVC (2023) |
| Condition of Kitchens | Unit 4: new cabinets (2018); others to be confirmed |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | To be confirmed |
| Condition of Bathrooms | Good condition |
| Environmental Report | None |
| Floor Covering | To be verified |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $98,340 | 100 % | $1,366 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $98,340 | $1,366 | |
| Vac. / Bad debt | $2,950 | 3 % | $41 |
| EGR | $95,390 | $1,325 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,293 | 4.5 % | $715 |
| Municipal Taxes | Current | $5,559 | 5.8 % | $927 |
| School Taxes | Current | $685 | 0.7 % | $114 |
| Insurance | Current | $2,821 | 3 % | $470 |
| Electricity | Current | $237 | 0.2 % | $40 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.6 % | $250 |
| Maintenance | Normalised | $4,200 | 4.4 % | $700 |
| Appliances | ||||
| WiFi | Current | $828 | 0.9 % | $138 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $954 | 1 % | $159 |
| Hydro-Solution | Current | $586 | 0.6 % | $98 |
| Total expenses | $21,662 | 22.7 % | $3,610 | |
| Net Revenue | $73,727 | $12,288 |
| Maximum loan amount | $1,186,661 | $1,249,837 |
| Financing CAP | 5.28 % | 5.01 % |
| Debt coverage ratio | 1.1 | 1.1 |
| Interest Rate | 4.5 % | 4.5 % |
| Amortization | 35 Years | 40 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $73,727 | $73,727 |
| Annual Mortgage Cost | $70,997 | $70,753 |
| Net cash after mortgage | $2,731 | $2,975 |
| RETURN ON INVESTMENT | ||
| Down Payment | $363,339 | $300,163 |
| Cash on cash return | 0.8 % | 1.0 % |
| Return on liquidity + capitalization | 5.0 % | 5.0 % |
| Total yearly return with appreciation of 2 % | 13.48 % | 15.38 % |
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