Hendrik Lapointe
| Team Hendrik Lapointe
Senior VP
|
Real Estate Broker, CPA | PMML Partner
Stunning property in a prime location. Prime location. 12 units. Building comprising 12 three-and-a-half-bedroom units. Central location with high rental demand. Close to metro stations and excellent access to public transportation. Current rents are well below market value. Several rental improvements have been made, and the building is in very good overall condition. A high-quality, rare asset in a prime location.
1 unit ready to rent at market value.
The building is very well maintained, having undergone several renovations over the years, and all units have been renovated as well.
Close to all amenities (grocery stores, restaurants, shopping centers, parks, schools). The address has a Walk Score of over 90.
Excellent opportunity for optimization.
Roof replaced in May 2026.
Fully renovated units: 12 units renovated, with plumbing and electrical systems completely replaced.
200-BTU Énergir gas tank replaced.
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 3 361 368 |
| Total Municipal Assessment | 2 047 400 $ |
| Municipal Land Assessment | 604 200 $ |
| Municipal Building Assessment | 1 443 200 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1953 |
| Fire System | To be confirmed |
| Type of Parking | Exterior |
| Number of Parking Spaces | N/A |
| Land Surface Area | 4 064 sq.ft |
| Laundry Room | Yes |
| Number of Rooms | 36 |
| Number of Units | 12 x 3.5 |
| Washer/Dryer Inlet | No |
| Appliance Responsibility | Utilities included / and 4 furnished units |
| Heating Responsibility | Tentant |
| Hot Water Responsibility | Owner |
| 4 wall-mounted air conditioners (A/C) | |
| Fenced | N/A |
| Internet and Telecom | To be verified |
| Plumbing | Cups / Renovated |
| Condition of Roof | TPO / May 2026 |
| Condition of Doors | Good condition |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | Verbal agreement |
| Intercom and Doorbell | Yes |
| Heating System | Electric |
| Hot Water System | Central gas tank |
| Condition of Windows | Aluminum / Wood |
| Condition of Kitchens | Renovated |
| Electrical Panels | 100 amps / Redone |
| Exterior Siding | Brick |
| Condition of Bathrooms | Renovated |
| Environmental Report | To be scheduled |
| Floor Covering | Laminate / Ceramic / Hardwood |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $133,260 | 97.7 % | $925 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | $3,120 | 2.3 % | $22 |
| Other revenues | |||
| Total revenues | $136,380 | $947 | |
| Vac. / Bad debt | $4,091 | 3 % | $28 |
| EGR | $132,289 | $919 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $6,614 | 5 % | $551 |
| Municipal Taxes | Current | $11,581 | 8.8 % | $965 |
| School Taxes | Current | $1,466 | 1.1 % | $122 |
| Insurance | Current | $7,138 | 5.4 % | $595 |
| Electricity | Current | $1,956 | 1.5 % | $163 |
| Heating | Current | $2,186 | 1.7 % | $182 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $4,800 | 3.6 % | $400 |
| Maintenance | Normalised | $8,400 | 6.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,323 | 1 % | $110 |
| Total expenses | $45,464 | 34.4 % | $3,789 | |
| Net Revenue | $86,825 | $7,235 |
| Maximum loan amount | $1,744,492 |
| Financing CAP | 4.73 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 3.9 % |
| Amortization | 50 Years |
| Term | 5 Years |
| Net Revenue | $86,825 |
| Annual Mortgage Cost | $83,102 |
| Net cash after mortgage | $3,723 |
| RETURN ON INVESTMENT | |
| Down Payment | $605,508 |
| Cash on cash return | 0.6 % |
| Return on liquidity + capitalization | 2.6 % |
| Total yearly return with appreciation of 3.46 % | 16.07 % |
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