Nice 24-dwelling residential building representing a significant multi-residential property in an established sector of the city. Its size allows for diversification of rental income and offers interesting potential for an investor seeking an income-generating real estate asset. The building benefits from a convenient location, close to services, shops, and amenities in La Tuque. An opportunity to consider for the acquisition of a multi-dwelling building in the Haute-Mauricie market.
Close to services and amenities
Interesting opportunity for local or external real estate investor
Several renovations carried out in recent years
Approximately $1.6 M in renovations.
All 24 dwellings renovated.
Several dwellings are equipped with a heat pump.
Fire system
The sale is made without legal warranty of quality, at the buyer's risk and peril
| Cadastral number | 6616190 |
| Total Municipal Assessment | 1 070 300 $ |
| Municipal Land Assessment | 61 000 $ |
| Municipal Building Assessment | 1 009 300 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1970 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 24 spaces |
| Land Surface Area | 25 967 pi² |
| Laundry Room | Yes, free |
| Number of Rooms | 8 x 5.5 + 7 x 4.5 + 9 x 3.5 |
| Number of Units | 24 units |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | Copper, PEX, ABS |
| Condition of Roof | Good condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Yes, Phase 1, 2 and 3 |
| Floor Covering | Vinyl, Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $258,324 | 100 % | $897 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $258,324 | $897 | |
| Vac. / Bad debt | $7,750 | 3 % | $27 |
| EGR | $250,574 | $870 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $12,529 | 5 % | $522 |
| Municipal Taxes | Current | $31,753 | 12.7 % | $1,323 |
| School Taxes | Current | $843 | 0.3 % | $35 |
| Insurance | Current | $10,878 | 4.3 % | $453 |
| Electricity | Estimated | $6,900 | 2.8 % | $288 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $9,600 | 3.8 % | $400 |
| Maintenance | Normalised | $16,800 | 6.7 % | $700 |
| Appliances | ||||
| WiFi | Current | $1,440 | 0.6 % | $60 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,506 | 1 % | $104 |
| Total expenses | $93,248 | 37.2 % | $3,885 | |
| Net Revenue | $157,326 | $6,555 |
| Maximum loan amount | $2,998,640 | $2,120,840 | $1,993,914 |
| Financing CAP | 4.98 % | 6.31 % | 5.92 % |
| Debt coverage ratio | 1.1 | 1.3 | 1.25 |
| Interest Rate | 4.0 % | 4.0 % | 4.0 % |
| Amortization | 45 Years | 30 Years | 25 Years |
| Term | 5 Years | 5 Years | 5 Years |
| Net Revenue | $157,326 | $157,326 | $157,326 |
| Annual Mortgage Cost | $152,399 | $128,002 | $125,861 |
| Net cash after mortgage | $4,927 | $29,323 | $31,465 |
| RETURN ON INVESTMENT | |||
| Down Payment | $301,360 | $1,179,160 | $1,306,086 |
| Cash on cash return | 1.6 % | 2.5 % | 2.4 % |
| Return on liquidity + capitalization | 10.3 % | 5.9 % | 6.1 % |
| Total yearly return with appreciation of 2 % | 32.2 % | 11.45 % | 11.11 % |
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