Jessika Anne Ledingham
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Prime acquisition opportunity in the Laurentians! This well-located 24-unit building in Sainte-Agathe offers clear optimization potential for the savvy investor.
The diverse unit mix caters to a wide range of tenants: 1 bachelor, 1 one-bedroom, 7 two-bedroom, 10 three-bedroom, and 5 four-bedroom units.
A solid asset with clear value-add levers — ideal for growing your real estate portfolio in the Laurentians.
Hot water conversion opportunity
Additional unit potential
Strong demographic growth
True optimization potential
- Alarm system: Complete upgrade to meet current standards at a cost of $15,530.82
- Housing units: Renovation of 16 housing units.
- Plumbing: Major repairs (budget of $5,000) and installation of a new 100-gallon hot water tank ($6,000).
- Miscellaneous equipment: Installation of new electric meters, an intercom system ($500), and surveillance cameras ($11,854).
The building has undergone several capital improvements in recent years, significantly reducing short-term maintenance needs. In addition, some units have yet to be converted to individual hot water systems, a direct value-add that will allow this expense to be passed on to tenants and increase the net return shortly after acquisition.
The sale is made without any legal warranty of quality, at the buyer’s own risk.
| Cadastral number | 5 581 032 |
| Total Municipal Assessment | 2 746 700 $ |
| Municipal Land Assessment | 268 600 $ |
| Municipal Building Assessment | 2 478 100 $ |
| Number of Storeys | 33 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1974 |
| Fire System | Yes |
| Type of Parking | Exterior |
| Number of Parking Spaces | 26 spaces |
| Land Surface Area | 39 520 sq.ft. |
| Laundry Room | Yes |
| Number of Units | 1 x 1½ - 1 x 2½ - 7 x 3½ - 10 x 4½ - 5 x 5½ |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant (16) Owner (8) |
| This sale is made without legal warranty of quality at the buyers risks. | |
| Internet and Telecom | N/A |
| Plumbing | Copper / ABS / Refurbished |
| Condition of Roof | Roof shingles replaced in 2016 |
| Condition of Doors | Patio doors (18) replaced in 2016 |
| Condition of Balconies | The railings on the 18 balconies were replaced in 2016 |
| Concierge Agreement | Yes, on-site |
| Intercom and Doorbell | Intercom | New system |
| Heating System | Electric baseboard heaters |
| Hot Water System | 100-gallon tanks |
| Condition of Windows | Windows: 50 windows were replaced between 2018 and 2019. |
| Condition of Kitchens | Partial renovations |
| Electrical Panels | Circuit Breakers | New Meters |
| Exterior Siding | Brick |
| Condition of Bathrooms | Partial renovations |
| Environmental Report | Update needed |
| Floor Covering | Floating / Ceramic / Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $283,884 | 100 % | $986 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $283,884 | $986 | |
| Vac. / Bad debt | $8,517 | 3 % | $30 |
| EGR | $275,367 | $956 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $13,768 | 5 % | $574 |
| Municipal Taxes | Current | $47,753 | 17.3 % | $1,990 |
| School Taxes | Current | $1,986 | 0.7 % | $83 |
| Insurance | Current | $8,642 | 3.1 % | $360 |
| Electricity | Current | $5,105 | 1.9 % | $213 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $9,600 | 3.5 % | $400 |
| Maintenance | Normalised | $16,800 | 6.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,754 | 1 % | $115 |
| Total expenses | $106,408 | 38.6 % | $4,434 | |
| Net Revenue | $168,959 | $7,040 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,967,947 | $2,035,142 |
| Financing CAP | 4.84 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $168,959 | $168,959 |
| Annual Mortgage Cost | $163,539 | $135,168 |
| Net cash after mortgage | $5,420 | $33,792 |
| RETURN ON INVESTMENT | ||
| Down Payment | $932,053 | $1,864,858 |
| Cash on cash return | 0.6 % | 1.8 % |
| Return on liquidity + capitalization | 3.9 % | 4.2 % |
| Total yearly return with appreciation of 2 % | 12.28 % | 8.43 % |
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