Semi-commercial building comprising 12 residential units of 2 x 4½ + 9 x 3½ + 1 x 2½ as well as a commercial space open for more than 25 years, offering excellent visibility, located in the heart of downtown Granby. The units present a nice diversity and a good rental potential. Building very well maintained over the years and very well managed. All energy costs are assumed by the owner. Its strategic location, within walking distance of services, shops and restaurants, as well as near the main roadways. An investment of choice with strong potential for appreciation.
Several free public parking lots located near the building;
Very well-maintained building, having undergone several renovations over the years;
Building equipped with a camera system;
Internet paid by the landlord;
Several services available within walking distance.
Gas furnaces replaced in 2013;
Radiator valves in 2019;
Floors redone in 2019;
Exterior siding of the building redone in 2016;
Roof in 2013;
Units brought up to RBQ standards in 2019;
Plumbing and electrical work.
The business unit has been established for over 25 years.
The sale is made without any legal warranty of quality, at the buyer’s own risk.
| Cadastral number | 1 010 271 et 1 010 296 |
| Total Municipal Assessment | 1 341 000 $ |
| Municipal Land Assessment | 230 000 $ |
| Municipal Building Assessment | 1 111 000 $ |
| Number of Storeys | 3 |
| Type of Construction | Brick and wood |
| Year of Construction | 1947 |
| Fire System | Yes, compliant |
| Type of Parking | N/A |
| Number of Parking Spaces | N/A |
| Land Surface Area | 5 503 sq.ft. |
| Laundry Room | Yes, 1 washer and 1 dryer |
| Number of Rooms | To be verified |
| Number of Units | 2 x 4.5 + 9 x 3.5 + 1 x 2.5 + 1 store |
| Washer/Dryer Inlet | No |
| Appliance Responsibility | Owner | Only in the units (stove and fridge) |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | Redone 65%: copper, PEX, ABS, cast iron, steel. |
| Condition of Roof | Elastomeric membrane | 2013 |
| Condition of Doors | Good condition |
| Condition of Balconies | Wood and Fiberglass |
| Concierge Agreement | Yes |
| Intercom and Doorbell | No |
| Heating System | Central furnace | Natural gas | Electric baseboard in a commercial space |
| Hot Water System | 3 x Central Tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Renovated less than 10 years ago. |
| Condition of Bathrooms | Good condition |
| Environmental Report | Yes, Phase 1 and 2 | 2016 |
| Floor Covering | Vinyl, laminate, ceramic, carpet. |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $126,360 | 70.1 % | $810 |
| Affordable res. | |||
| Commercial | $51,010 | 28.3 % | $327 |
| Lockers | |||
| Parking | |||
| Laundry | $3,000 | 1.7 % | $19 |
| Total revenues | $180,370 | $1,156 | |
| Vac. / Bad debt | $7,215 | 4 % | $46 |
| EGR | $173,155 | $1,110 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $8,658 | 5 % | $666 |
| Municipal Taxes | Current | $17,438 | 10.1 % | $1,341 |
| School Taxes | Current | $890 | 0.5 % | $68 |
| Insurance | Current | $8,379 | 4.8 % | $645 |
| Electricity | Current | $6,723 | 3.9 % | $517 |
| Heating | Current | $9,946 | 5.7 % | $765 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $5,200 | 3 % | $400 |
| Maintenance | Normalised | $9,100 | 5.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,732 | 1 % | $133 |
| Vidéotron | Current | $3,812 | 2.2 % | $293 |
| Total expenses | $71,877 | 41.5 % | $5,529 | |
| Net Revenue | $101,278 | $7,791 |
| Maximum loan amount | $1,207,747 |
| Financing CAP | 6.29 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 4.6 % |
| Amortization | 25 Years |
| Term | 5 Years |
| Net Revenue | $101,278 |
| Annual Mortgage Cost | $81,022 |
| Net cash after mortgage | $20,256 |
| RETURN ON INVESTMENT | |
| Down Payment | $486,253 |
| Cash on cash return | 4.2 % |
| Return on liquidity + capitalization | 9.6 % |
| Total yearly return with appreciation of 4 % | 23.56 % |
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