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
Located on the Plateau Mont-Royal, in the heart of the McGill Ghetto, the building is a 5-minute walk from the Place-des-Arts metro station. This is an 8-unit building. Wood and brick structure. Heating, hot water & internet at owner's responsibility.
Walk score of 94/100
In the heart of all cultural activities, close to festivals.
Ghetto McGill, Quartier des spectacles
Musée d'art contemporain, Place-des-Arts.
McGill University & UQAM
Place-des-Arts Metro Station located 5 minutes walk
Nearby Parks: Le Parterre du quartier des spectacles, Colonial
The demographic density of 12,840 inhabit./km2 according to the last census of 2016.
Six of the eight units have been renovated.
The sale is made without legal warranty of quality, at the buyer’s risk and peril.
| Cadastral number | 1 340 445 |
| Total Municipal Assessment | 1 123 600 $ |
| Municipal Land Assessment | 442 700 $ |
| Municipal Building Assessment | 680 900 $ |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Wood and brick |
| Year of Construction | 1875 (estimated) |
| Fire System | Detectors, Fire extinguishers, Fire alarms |
| Type of Parking | Exterior |
| Number of Parking Spaces | 3 spaces |
| Land Surface Area | 1,945 sq. ft. |
| Laundry Room | Common |
| Washer/Dryer Inlet | Non |
| Appliance Responsibility | Owner |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Plumbing | PEX , ABS |
| Condition of Roof | Tar and gravel |
| Condition of Doors | Steel (with glass) |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | Yes | No contract |
| Intercom and Doorbell | 3 security camera |
| Heating System | Electrical baseboards |
| Hot Water System | Two central tanks - Hydro-Solution |
| Condition of Windows | PVC |
| Condition of Kitchens | Mélamine and quartz |
| Electrical Panels | 100 A(x 8) / Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Update needed |
| Floor Covering | Hardwood, ceramic and floating |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $153,600 | 100 % | $1,600 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $153,600 | $1,600 | |
| Vac. / Bad debt | $4,608 | 3 % | $48 |
| EGR | $148,992 | $1,552 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $6,705 | 4.5 % | $838 |
| Municipal Taxes | Current | $7,203 | 4.8 % | $900 |
| School Taxes | Current | $892 | 0.6 % | $112 |
| Insurance | Current | $5,033 | 3.4 % | $629 |
| Electricity | Current | $4,842 | 3.2 % | $605 |
| Heating | ||||
| Snow Removal | Current | $1,000 | 0.7 % | $125 |
| Elevator | ||||
| Lawn | Current | $791 | 0.5 % | $99 |
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.3 % | $250 |
| Maintenance | Normalised | $5,600 | 3.8 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,490 | 1 % | $186 |
| Internet | Current | $2,100 | 1.4 % | $263 |
| Total expenses | $37,656 | 25.3 % | $4,707 | |
| Net Revenue | $111,336 | $13,917 |
| conv | |
|---|---|
| Maximum loan amount | $1,302,847 |
| Financing CAP | 6.41 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 4.79 % |
| Amortization | 25 Years |
| Term | 5 Years |
| conv | |
|---|---|
| Net Revenue | $111,336 |
| Annual Mortgage Cost | $89,069 |
| Net cash after mortgage | $22,267 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,092,153 |
| Cash on cash return | 2.0 % |
| Return on liquidity + capitalization | 4.6 % |
| Total yearly return with appreciation of 2 % | 8.98 % |
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