Investment opportunity in a highly sought-after area of Beloeil. This property consists of two semi-detached triplexes featuring six spacious 3-bedroom apartments and 12 parking spaces. Ideally located near schools, essential services, and major highways, it offers a strategic location. Utility costs are paid by the tenants, allowing for better control of operating expenses. An excellent rental investment with strong income optimization potential!
One unit (#32) is currently vacant and undergoing renovations.
Located directly across from Mélodie-Dufresne Park and École Le Petit Bonheur.
Located in a sought-after residential area of Beloeil, close to essential services and major transportation routes, with quick access to Montreal and the South Shore.
2018 – Windows replacement
2018 – 2018 – Replacement of electrical outlets and switches
2017 – Replacement of selected hot water tanks
2017 – Exterior painting
Cadastre numbers 4495724 and 4495725.
Annual snow removal cost: $1,086.
New certificates of location currently being prepared.
Property visits are permitted upon acceptance of a promise to purchase.
The property is sold without legal warranty of quality, at the buyer's own risk and peril.
| Cadastral number | 4495724 et 4495725 |
| Total Municipal Assessment | $ 1 196 600 |
| Municipal Land Assessment | $ 314 600 |
| Municipal Building Assessment | $ 882 000 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick & Wood |
| Year of Construction | 1972 |
| Poured concrete foundation | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 12 |
| Land Surface Area | 9 900 sq. feet |
| Laundry Room | N/A |
| Number of Rooms | To be verified |
| Number of Units | 6 x 5.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Fenced | Yes, at the back |
| Internet and Telecom | Yes |
| Plumbing | Copper & ABS |
| Condition of Roof | 2012 - Elastomeric roofing membrane |
| Condition of Doors | Good |
| Condition of Balconies | Fiber Glass |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independant water tanks |
| Condition of Windows | Aluminum sliding doors |
| Condition of Kitchens | Good |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good |
| Environmental Report | N/A |
| Floor Covering | Floating, Vinyl, Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $102,120 | 100 % | $1,418 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $102,120 | $1,418 | |
| Vac. / Bad debt | $3,064 | 3 % | $43 |
| EGR | $99,056 | $1,376 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,458 | 4.5 % | $743 |
| Municipal Taxes | Current | $10,510 | 10.6 % | $1,752 |
| School Taxes | Current | $779 | 0.8 % | $130 |
| Insurance | Current | $5,196 | 5.2 % | $866 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.5 % | $250 |
| Maintenance | Normalised | $4,200 | 4.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $991 | 1 % | $165 |
| Total expenses | $27,633 | 27.9 % | $4,606 | |
| Net Revenue | $71,423 | $11,904 |
| Maximum loan amount | $818,691 | $1,263,694 |
| Financing CAP | 6.54 % | 4.80 % |
| Debt coverage ratio | 1.25 | 1.1 |
| Interest Rate | 5.0 % | 4.2 % |
| Amortization | 25 Years | 40 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $71,423 | $71,423 |
| Annual Mortgage Cost | $57,139 | $68,937 |
| Net cash after mortgage | $14,285 | $2,486 |
| RETURN ON INVESTMENT | ||
| Down Payment | $880,309 | $435,306 |
| Cash on cash return | 1.6 % | 0.6 % |
| Return on liquidity + capitalization | 3.6 % | 3.6 % |
| Total yearly return with appreciation of 5.82 % | 14.79 % | 26.35 % |
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