PROFIT ON PURCHASE, 8 units on two floors with 4 bedrooms, one bathroom, living room and large family room. Townhouse-style construction built in 2022. Heating at tenants' expense. Units rented at an average of $2040 per month, with possibility of increase in the next 2 years. Mortgage assumption.
4 Semi-detached, high-quality construction
Built in 2022
Large two-storey units, large lot for each unit
Income from 2025-2026
N/A | New construction - 2022
Possibility of increasing rents over the next 2 years
Opportunity to optimize by adding wifi and sheds.
Buyer to assume seller's mortgage
Sale made without legal warranty of quality at buyer's risk.
| Cadastral number | 6465640, 6465641, 6465642, 6465643 |
| Total Municipal Assessment | 1 302 700 $ |
| Municipal Land Assessment | 158 700 $ |
| Municipal Building Assessment | 1 144 000 $ |
| Number of Storeys | 1 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2022 |
| Fire System | Smoke detectors in each unit |
| Type of Parking | Unpaved, exterior |
| Number of Parking Spaces | 18 parking |
| Land Surface Area | 129 142 sq. ft. |
| Laundry Room | No |
| Washer/Dryer Inlet | yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | ABS |
| Condition of Roof | New |
| Condition of Doors | New |
| Condition of Balconies | Wood |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbells |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks per units |
| Condition of Windows | New |
| Condition of Kitchens | New |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and vinyl |
| Condition of Bathrooms | New |
| Environmental Report | Yes |
| Floor Covering | Floating floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $195,900 | 100 % | $2,041 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $195,900 | $2,041 | |
| Vac. / Bad debt | $5,877 | 3 % | $61 |
| EGR | $190,023 | $1,979 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $8,551 | 4.5 % | $1,069 |
| Municipal Taxes | Current | $13,714 | 7.2 % | $1,714 |
| School Taxes | Current | $1,101 | 0.6 % | $138 |
| Insurance | Current | $6,571 | 3.5 % | $821 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,800 | 0.9 % | $225 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.1 % | $250 |
| Maintenance | Normalised | $5,600 | 2.9 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,900 | 1 % | $238 |
| Total expenses | $41,237 | 21.7 % | $5,155 | |
| Net Revenue | $148,786 | $18,598 |
| Maximum loan amount | $2,103,000 |
| Financing CAP | |
| Debt coverage ratio | |
| Interest Rate | 4.3 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $148,786 |
| Annual Mortgage Cost | $119,255 |
| Net cash after mortgage | $29,531 |
| RETURN ON INVESTMENT | |
| Down Payment | $847,000 |
| Cash on cash return | 3.5 % |
| Return on liquidity + capitalization | 8.1 % |
| Total yearly return with appreciation of 2 % | 15.1 % |
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