Exceptional opportunity to acquire a portfolio of three mixed-income buildings totaling 15 units, including 5 commercial spaces. The property includes 10 4½ residential units, offering excellent diversification of income sources. This real estate portfolio has strong potential for optimization and future improvements, allowing for increased investment value in the medium and long term. Whether you are a seasoned investor or looking to purchase your first mixed-use property, this is an opportunity not to be missed.
The location of this property is undoubtedly a major asset, being close to major roads and amenities. This allows your residential tenants to enjoy convenient access to everyday essentials.
Some commercial tenants, who have been established for several years, benefit from the location's visibility and accessibility, which also plays a crucial role in the success of these businesses. Generally, businesses located in high-traffic areas attract a diverse and regular customer base.
The sale is made without any legal guarantee of quality, at the buyer's own risk.
The commercial portion represents 40% of the building.
The property is built on three separate lot numbers, each with its own tax account.
| Cadastral number | 1752713,1752715,1752716 |
| Total Municipal Assessment | $ 2 031 000 |
| Municipal Land Assessment | $ 609 700 |
| Municipal Building Assessment | $ 1 421 300 |
| Number of Storeys | 2 |
| Type of Building | In a row |
| Type of Construction | Brick and aluminum |
| Year of Construction | 1970 |
| Type of Parking | Exterior |
| Number of Parking Spaces | +/- 25 parking spaces |
| Number of Units | 15 |
| Washer/Dryer Inlet | Yes |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | Copper |
| Condition of Roof | To be verified |
| Condition of Doors | Good condition and average condition |
| Condition of Balconies | Fiberglass, to be verified |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric |
| Condition of Windows | To be verified |
| Condition of Kitchens | Good condition and average condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and aluminum |
| Condition of Bathrooms | Good condition and average condition |
| Environmental Report | Bitumen and gravel 2007 |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $107,352 | 47.4 % | $596 |
| Affordable res. | |||
| Commercial | $119,196 | 52.6 % | $662 |
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $226,548 | $1,259 | |
| Vac. / Bad debt | $6,796 | 3 % | $38 |
| EGR | $219,752 | $1,221 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $10,988 | 5 % | $733 |
| Municipal Taxes | Current | $33,923 | 15.4 % | $2,262 |
| School Taxes | Current | $1,371 | 0.6 % | $91 |
| Insurance | Current | $10,748 | 4.9 % | $717 |
| Electricity | Current | $1,285 | 0.6 % | $86 |
| Heating | ||||
| Snow Removal | Current | $6,040 | 2.7 % | $403 |
| Elevator | ||||
| Lawn | Current | $2,300 | 1 % | $153 |
| Structural reserve | ||||
| Janitor | Normalised | $6,000 | 2.7 % | $400 |
| Maintenance | Normalised | $10,500 | 4.8 % | $700 |
| Appliances | Current | $1,876 | 0.9 % | $125 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,198 | 1 % | $147 |
| Total expenses | $87,229 | 39.7 % | $5,815 | |
| Net Revenue | $132,523 | $8,835 |
| conv | |
|---|---|
| Maximum loan amount | $1,519,046 |
| Financing CAP | 6.54 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 5.0 % |
| Amortization | 25 Years |
| Term | 5 Years |
| conv | |
|---|---|
| Net Revenue | $132,523 |
| Annual Mortgage Cost | $106,018 |
| Net cash after mortgage | $26,505 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,030,954 |
| Cash on cash return | 2.6 % |
| Return on liquidity + capitalization | 5.6 % |
| Total yearly return with appreciation of 2 % | 10.58 % |
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