Ideally located in downtown Granby, this semi-commercial building comprises six residential units (two 4 ½ and four 3 ½) and three commercial spaces, for a total of nine units. Meticulously maintained by the owner, it generates a healthy income while offering excellent potential for future appreciation. Situated in a vibrant area, it is within easy reach of services, shops, and major highways. Energy costs are shared between the tenants and the owner.
The seller is open to a VTB agreement!
Very well-maintained building, having undergone several renovations over the years.
Large, free public parking lot located at the rear of the building, with no time restrictions.
Permitted zoning: Cacco, Cbar, Cdét, Chôt, Cpro, Créc, Cresto, Ctél, R3, R4+, Rmc, Rpri.
Electric boiler: 2011
Rear balcony: 2015
Insulation of basement rim joists: 2015
Replacement of fuse panels with circuit breaker panels: 2016
Front storefront window of unit 101: 2020
Front interlocking pavers, concrete stairs, and aluminum railing: 2024
Renovation of unit 102: 2025
Renovation of rear common areas: 2025
Replacement of commercial washer–dryer units: 2025
Exterior commercial doors (50% of doors): 2025
Exterior side staircase: 2026 (in progress)
The sale is made without legal warranty of quality, at the buyer’s own risk.
A new certificate of location (2026) is currently being prepared. The property is subject to a tolerance servitude related to a brick encroachment as well as a right-of-way servitude in favor of the neighboring property.
Unit no. 2: renovated in 2017 (except the bathroom)
Unit no. 3: renovated in 2022
Unit no. 4: renovated in 2025 (bathroom in 2022)
Unit no. 5: renovated in 2026 (kitchen, bathroom, floors, paint)
Unit no. 6: renovated in 2025 (completely redone)
| Cadastral number | 1 010 484 |
| Total Municipal Assessment | 782 000 $ |
| Municipal Land Assessment | 95 500 $ |
| Municipal Building Assessment | 686 500 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1947 |
| Fire System | Yes |
| Type of Parking | Asphalt exterior |
| Number of Parking Spaces | 1 space at the rear and 2 spaces in the driveway. |
| Land Surface Area | 5 139 pi² |
| Laundry Room | Oui (payante), pour les logements #1 à 5 |
| Number of Units | 4 x 3.5 + 2 x 4.5 + 3 commercial |
| Washer/Dryer Inlet | Yes, for the 6 (4½ units). |
| Appliance Responsibility | Owner (8 appliances), units #1 to 4. |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Owner |
| Fenced | None |
| Internet and Telecom | None |
| Plumbing | Copper | ABS | Cast iron – To be confirmed |
| Condition of Roof | 20 years | 2006 | Thermoplastic polyolefin (TPO) membrane |
| Condition of Doors | 4 doors replaced in 2025 (50%) | approximately 20 years old for the others. |
| Condition of Balconies | Painted wood |
| Concierge Agreement | Yes, cleaning only. |
| Intercom and Doorbell | Doorbells, except for two units |
| Heating System | Electric |
| Hot Water System | Electric boiler located in the basement |
| Condition of Windows | 5 windows replaced in 2025 | approximately 20 years old for the others. |
| Condition of Kitchens | #1 to 4 original (painted) or with replaced doors (melamine) | #5 and 6 new in 2025 and 2026 |
| Electrical Panels | Circuit breakers – 2016 |
| Exterior Siding | Brick, parging/stucco |
| Condition of Bathrooms | Good condition |
| Environmental Report | None |
| Floor Covering | Ceramic tile, vinyl, and laminate flooring |
| yearly | $ / PI² | |
|---|---|---|
| Residential | $63,588 | $589 |
| Affordable res. | ||
| Commercial | $39,696 | $368 |
| Lockers | $2,340 | $22 |
| Parking | ||
| Laundry | $1,000 | $9 |
| Other revenues | ||
| Other revenues | ||
| Total revenues | $106,624 | $987 |
| Vac. / Bad debt | $3,199 | $30 |
| EGR | $103,425 | $958 |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,654 | 4.5 % | $517 |
| Municipal Taxes | Current | $12,801 | 12.4 % | $1,422 |
| School Taxes | Current | $510 | 0.5 % | $57 |
| Insurance | Current | $7,750 | 7.5 % | $861 |
| Electricity | Current | $2,003 | 1.9 % | $223 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,250 | 2.2 % | $250 |
| Maintenance | Normalised | $6,300 | 6.1 % | $700 |
| Appliances | Estimated | $480 | 0.5 % | $53 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,034 | 1 % | $115 |
| Total expenses | $37,782 | 36.5 % | $4,198 | |
| Net Revenue | $65,643 | $7,294 |
| conv | |
|---|---|
| Maximum loan amount | $771,197 |
| Financing CAP | 6.38 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 4.75 % |
| Amortization | 25 Years |
| Term | 5 Years |
| conv | |
|---|---|
| Net Revenue | $65,643 |
| Annual Mortgage Cost | $52,514 |
| Net cash after mortgage | $13,129 |
| RETURN ON INVESTMENT | |
| Down Payment | $527,803 |
| Cash on cash return | 2.5 % |
| Return on liquidity + capitalization | 5.6 % |
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