An 8-unit building consisting exclusively of well-laid-out 4½-room apartments (approximately 1,000 sq. ft.) with two bedrooms. Features include a steel roof, hardwood and ceramic flooring, and ample storage space. Six units are equipped with a wall-mounted heat pump. Each unit includes an indoor storage locker as well as space in the outdoor storage shed. A well-maintained building offering excellent construction quality.
Building comprising eight 4½-room units, each approximately 1,000 sq. ft.
Six units feature air conditioning.
Quality construction with a steel roof and hardwood and ceramic flooring.
Each unit includes an interior storage area as well as storage space in the outdoor shed.
The sale is made without legal warranty, at the Buyer's risk and peril.
| Cadastral number | 1 395 390 |
| Total Municipal Assessment | 1 084 000 $ |
| Municipal Land Assessment | 281 200 $ |
| Municipal Building Assessment | 802 800 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick, wood and concrete |
| Year of Construction | 1995 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 8 spaces |
| Land Surface Area | 13 174 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | 36 |
| Number of Units | 8 X 4.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Air conditioning in 6 units | |
| Fenced | No |
| Internet and Telecom | N/A |
| Plumbing | PEX/ABS |
| Condition of Roof | Steel |
| Condition of Doors | Good condition - 1995 |
| Condition of Balconies | Concrete |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboard heating and A/C |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition - 1995 |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and aluminum |
| Condition of Bathrooms | Good condition |
| Environmental Report | At the buyers expense |
| Floor Covering | Hardwood, ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $83,352 | 100 % | $868 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $83,352 | $868 | |
| Vac. / Bad debt | $2,501 | 3 % | $26 |
| EGR | $80,851 | $842 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,638 | 4.5 % | $455 |
| Municipal Taxes | Current | $12,676 | 15.7 % | $1,585 |
| School Taxes | Current | $774 | 1 % | $97 |
| Insurance | Current | $2,460 | 3 % | $308 |
| Electricity | Current | $469 | 0.6 % | $59 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.5 % | $250 |
| Maintenance | Normalised | $5,600 | 6.9 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $809 | 1 % | $101 |
| Total expenses | $28,426 | 35.2 % | $3,553 | |
| Net Revenue | $52,426 | $6,553 |
| Maximum loan amount | $920,910 | $622,068 |
| Financing CAP | 4.84 % | 6.32 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.65 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $52,426 | $52,426 |
| Annual Mortgage Cost | $50,629 | $41,940 |
| Net cash after mortgage | $1,797 | $10,485 |
| RETURN ON INVESTMENT | ||
| Down Payment | $504,090 | $802,932 |
| Cash on cash return | 0.4 % | 1.3 % |
| Return on liquidity + capitalization | 2.3 % | 3.0 % |
| Total yearly return with appreciation of 2 % | 7.91 % | 6.55 % |
To see the detailed rent rolls of this building, you need to be connected.