Fanny Rooseboom
| Team Fanny Rooseboom et Cidrik Gagné
Executive VP
|
Real Estate Broker
Metro Sherbrooke: 16-unit building (2 x 4.5 + 10 x 3.5 + 4 studios) with unique architectural character. A1 location on the Plateau, minutes from Parc Lafontaine. Great potential for increased income. Hot water, electricity and appliances at owner's expense. Roof, doors and windows 2016. Boiler 2019. Plumbing restored.
Conversion of heating and hot water system possible to transfer bill to tenants
Huge potential to increase revenues
5-minute walk to Sherbrooke metro station
The roof was redone in 2016
Windows replaced in 2016
Boiler replaced in 2019
Plumbing restored
Complete brick restoration 2009
Municipal taxes were contested (and owner won). Adjustment to come on the amount
The SELLER does not give any legal warranty of quality to the buyer, [...]. (see broker for complete clause)
A subdivision will have to be made and it can be sold with the adjacent lot.
| Cadastral number | 1885094 |
| Total Municipal Assessment | To verify |
| Municipal Land Assessment | To verify |
| Municipal Building Assessment | To verify |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1885 |
| Fire System | Guard-X connected to the central |
| Type of Parking | Exterior |
| Number of Parking Spaces | 3 parking |
| Land Surface Area | 715.4 m2 |
| Laundry Room | Yes |
| Washer/Dryer Inlet | No |
| Appliance Responsibility | Owner |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Plumbing | Copper and PVC |
| Condition of Roof | Elastomeric membrane 2016 |
| Condition of Doors | One main entrance door was replaced |
| Condition of Balconies | Front balconies redone 2005 |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Intercom |
| Heating System | Natural gas |
| Hot Water System | Central Tank |
| Condition of Windows | Replaced - 2016 |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Coming soon |
| Floor Covering | Hard wood and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $231,036 | 100 % | $1,203 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $231,036 | $1,203 | |
| Vac. / Bad debt | $6,931 | 3 % | $36 |
| EGR | $224,105 | $1,167 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $11,205 | 5 % | $700 |
| Municipal Taxes | Current | $22,632 | 10.1 % | $1,415 |
| School Taxes | Current | $2,802 | 1.3 % | $175 |
| Insurance | Current | $13,636 | 6.1 % | $852 |
| Electricity | Current | $938 | 0.4 % | $59 |
| Heating | Current | $13,625 | 6.1 % | $852 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | Current | $1,207 | 0.5 % | $75 |
| Structural reserve | ||||
| Janitor | Normalised | $6,400 | 2.9 % | $400 |
| Maintenance | Normalised | $11,200 | 5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,241 | 1 % | $140 |
| Total expenses | $85,886 | 38.3 % | $5,368 | |
| Net Revenue | $138,219 | $8,639 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,197,666 | $1,617,419 |
| Financing CAP | 5.35 % | 6.41 % |
| Debt coverage ratio | 1.3 | 1.25 |
| Interest Rate | 3.79 % | 4.79 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $138,219 | $138,219 |
| Annual Mortgage Cost | $110,266 | $110,575 |
| Net cash after mortgage | $27,953 | $27,644 |
| RETURN ON INVESTMENT | ||
| Down Payment | $1,197,334 | $1,777,581 |
| Cash on cash return | 2.3 % | 1.6 % |
| Return on liquidity + capitalization | 4.4 % | 3.5 % |
| Return on liquidity + cap. + appreciation | 10.1 % | 7.3 % |
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