Semi-commercial building located on Ontario East featuring 5 units, including 4 residential 3½ apartments and 1 commercial space occupied by a well-established tenant. Brick and wood construction dating back to 1910, ideally positioned on the sunny side of the street at 800m from the Prefontaine metro station. This asset offers a strong mix of residential and commercial income with optimization potential. An attractive opportunity for investors.
Located on a vibrant commercial artery in East Montreal
Established neighborhood with a loyal local customer base
Easy access to public transportation and nearby services
Consistent rental demand for 1-bedroom (3½) units
3 out of 4 units are renovated
The unrenovated unit is apartment 02 of 3285 Ontario E.
New electrical panel for the business changed in 2021.
The sale is made without legal warranty of quality, at the buyer’s own risk
| Cadastral number | 3 364 101 |
| Total Municipal Assessment | 818 800 $ |
| Municipal Land Assessment | 260 200 $ |
| Municipal Building Assessment | 558 600 $ |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brick and wood |
| Year of Construction | 1910 |
| Fire System | Smoking Detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | Parking for 2 cars or up to 4 in tandem |
| Land Surface Area | 2 436 sq.ft |
| Laundry Room | No |
| Number of Units | 5 |
| Washer/Dryer Inlet | In apartment 4 only |
| Appliance Responsibility | Owner in apartment 1, 3 and 4 |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | Copper |
| Condition of Roof | Redone in 2010 |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | 3 renovated | 1 average condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | 3 renovated | 1 average condition |
| Environmental Report | Yes (2014) |
| Floor Covering | Floating and ceramic |
| yearly | $ / PI² | |
|---|---|---|
| Residential | $43,692 | $728 |
| Affordable res. | ||
| Commercial | $22,764 | $379 |
| Lockers | ||
| Parking | ||
| Laundry | ||
| Recovery | $4,589 | $76 |
| Total revenues | $71,045 | $1,184 |
| Vac. / Bad debt | $2,131 | $36 |
| EGR | $68,914 | $1,149 |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,101 | 4.5 % | $620 |
| Municipal Taxes | Current | $10,876 | 15.8 % | $2,175 |
| School Taxes | Current | $597 | 0.9 % | $119 |
| Insurance | Current | $5,973 | 8.7 % | $1,195 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.8 % | $250 |
| Maintenance | Normalised | $3,500 | 5.1 % | $700 |
| Appliances | Current | |||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $689 | 1 % | $138 |
| Total expenses | $25,986 | 37.7 % | $5,197 | |
| Net Revenue | $42,927 | $8,585 |
| conv | |
|---|---|
| Maximum loan amount | $502,674 |
| Financing CAP | 6.40 % |
| Debt coverage ratio | 1.2 |
| Interest Rate | 5.2 % |
| Amortization | 25 Years |
| Term | 5 Years |
| conv | |
|---|---|
| Net Revenue | $42,927 |
| Annual Mortgage Cost | $35,773 |
| Net cash after mortgage | $7,155 |
| RETURN ON INVESTMENT | |
| Down Payment | $476,326 |
| Cash on cash return | 1.5 % |
| Return on liquidity + capitalization | 3.6 % |
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