Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Jessika Anne Ledingham
| Team Samuel & Jessika
Senior VP
|
Real Estate Broker | PMML Partner
8-unit building (8 x 4½) well maintained over the years, ideally located in a sought-after area. Stable tenants and consistent rental income. Most units are in excellent condition. A solid asset for long-term investment.
Sought-after location
Good management and maintenance
Large parking area
The sale is made without legal warranty of quality to the risks and perils of the buyer
| Cadastral number | 1 060 953 |
| Total Municipal Assessment | 1 104 500 $ |
| Municipal Land Assessment | 440 500 $ |
| Municipal Building Assessment | 664 000 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | To be verified |
| Year of Construction | Unknown |
| Fire System | Yes |
| Type of Parking | Exterior |
| Number of Parking Spaces | 8 |
| Land Surface Area | 9 440 p.c. |
| Laundry Room | No |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | Copper / Cast iron / ABS |
| Condition of Roof | 2021 in Shingles |
| Condition of Doors | Good |
| Condition of Balconies | Good ( concrete ) |
| Intercom and Doorbell | Yes |
| Heating System | Electric |
| Hot Water System | Electric |
| Condition of Windows | Good |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breaker |
| Exterior Siding | Bricks |
| Condition of Bathrooms | Good condition |
| Environmental Report | Yes |
| Floor Covering | Ceramic / Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $87,720 | 100 % | $914 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $87,720 | $914 | |
| Vac. / Bad debt | $2,632 | 3 % | $27 |
| EGR | $85,088 | $886 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,829 | 4.5 % | $479 |
| Municipal Taxes | Current | $12,105 | 14.2 % | $1,513 |
| School Taxes | Current | $802 | 0.9 % | $100 |
| Insurance | Current | $4,049 | 4.8 % | $506 |
| Electricity | Current | $405 | 0.5 % | $51 |
| Heating | ||||
| Snow Removal | Current | $1,196 | 1.4 % | $150 |
| Elevator | ||||
| Lawn | Current | $396 | 0.5 % | $50 |
| Structural reserve | ||||
| Janitor | Current | $1,140 | 1.3 % | $143 |
| Maintenance | Normalised | $5,600 | 6.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $851 | 1 % | $106 |
| Hydro-Solution | Current | $1,000 | 1.2 % | $125 |
| Total expenses | $31,373 | 36.9 % | $3,922 | |
| Net Revenue | $53,715 | $6,714 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $994,456 | $622,398 |
| Financing CAP | 4.59 % | 6.47 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 3.89 % | 4.89 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $53,715 | $53,715 |
| Annual Mortgage Cost | $51,992 | $42,972 |
| Net cash after mortgage | $1,723 | $10,743 |
| RETURN ON INVESTMENT | ||
| Down Payment | $565,544 | $937,602 |
| Cash on cash return | 0.3 % | 1.1 % |
| Return on liquidity + capitalization | 2.3 % | 2.5 % |
| Total yearly return with appreciation of 2 % | 7.83 % | 5.87 % |