8-unit income property in Gatineau, well located in a high-demand area. Stable revenues with excellent potential for optimization. Well-maintained building with several improvements over the years. Parking available. Ideal for an investor looking to increase profitability. Close to services, schools, and public transportation. A great opportunity!
2 minutes from Maloney boulevard
Potential for optimization
Well maintained
Steps away from the famous parc Sanscartier
New kitchen cabinets and roof redone 8 years ago
The sale is made without legal guarantee of quality at the buyer's risk.
| Cadastral number | 1 935 355 |
| Total Municipal Assessment | 809 200 $ |
| Municipal Land Assessment | 290 100 $ |
| Municipal Building Assessment | 519 100 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1930 |
| N/A | |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 15 |
| Land Surface Area | 3 320 sqft |
| Laundry Room | No |
| Number of Units | 8 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants except for the two bachelors |
| Hot Water Responsibility | Tenants except for the two bachelors |
| Fenced | No |
| Internet and Telecom | No |
| Plumbing | Copper and plastic |
| Condition of Roof | Good condition, 8 years old |
| Condition of Doors | Good |
| Condition of Balconies | Good |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell at the entrance |
| Heating System | Electricity (baseboards) |
| Hot Water System | Independant tanks |
| Condition of Windows | Good |
| Condition of Kitchens | Good |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and vinyl |
| Condition of Bathrooms | Good |
| Environmental Report | No |
| Floor Covering | Floating wood and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $70,260 | 100 % | $732 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $70,260 | $732 | |
| Vac. / Bad debt | $2,108 | 3 % | $22 |
| EGR | $68,152 | $710 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,067 | 4.5 % | $383 |
| Municipal Taxes | Current | $8,960 | 13.1 % | $1,120 |
| School Taxes | Current | $619 | 0.9 % | $77 |
| Insurance | Current | $6,040 | 8.9 % | $755 |
| Electricity | Current | $1,613 | 2.4 % | $202 |
| Heating | ||||
| Snow Removal | Current | $1,550 | 2.3 % | $194 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.9 % | $250 |
| Maintenance | Normalised | $5,600 | 8.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $682 | 1 % | $85 |
| Total expenses | $30,130 | 44.2 % | $3,766 | |
| Net Revenue | $38,022 | $4,753 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $680,463 | $448,917 |
| Financing CAP | 4.75 % | 6.35 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 3.7 % | 4.7 % |
| Amortization | 35 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $38,022 | $38,022 |
| Annual Mortgage Cost | $36,648 | $30,417 |
| Net cash after mortgage | $1,373 | $7,604 |
| RETURN ON INVESTMENT | ||
| Down Payment | $479,537 | $711,083 |
| Cash on cash return | 0.3 % | 1.1 % |
| Return on liquidity + capitalization | 2.4 % | 2.4 % |
| Total yearly return with appreciation of 2 % | 7.28 % | 5.7 % |
To see the detailed rent rolls of this building, you need to be connected.
