Fanny Rooseboom
| Team Fanny Rooseboom et Cidrik Gagné
Executive VP
|
Real Estate Broker
5-unit building (1 x 5.5 + 4 x 3.5) turnkey, having undergone major renovations. All units have been redone, balconies, roof (2020), French drain, parking, etc. Energy costs are the tenants' responsibility. Large lot and two large back terraces. Parking for 4-6 cars. Prime location, a few minutes from Taschereau Boulevard.
2 minutes from Taschereau Boulevard
A few minutes from Charles-Lemoyne Hospital
Complete renovation of all apartments with high-end materials. Roof redone, 100% of doors, patio door and windows changed, French drain, shed (roof redone), front/back balcony and railings, landscaping, parking paving
The SELLER does not provide a legal warranty of quality to the buyer, the latter not, however, waiving the legal warranties given by previous owners and received by the SELLER upon his acquisition of the building, which are hereby assigned to the buyer. Furthermore, the buyer waives any recourse against the SELLER for any information he may have omitted to disclose in good faith.
| Cadastral number | 2 797 106 |
| Total Municipal Assessment | 827 600 $ |
| Municipal Land Assessment | 232 300 $ |
| Municipal Building Assessment | 595 300 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1979 |
| Fire System | Smoke detectors in units |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 4 to 6 spaces |
| Land Surface Area | 4,994 sq. ft. |
| Laundry Room | No |
| Number of Rooms | 17 |
| Number of Units | 1 x 5.5 + 4 x 3.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes |
| Internet and Telecom | Wifiplex |
| Plumbing | Pex and copper |
| Condition of Roof | Replaced in 2020 |
| Condition of Doors | Very good condition |
| Condition of Balconies | Fiberglass/ very good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Very good condition |
| Condition of Kitchens | Very good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | 50 meters |
| Condition of Bathrooms | Very good condition |
| Environmental Report | No |
| Floor Covering | Wood, ceramic, etc. |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $84,732 | 100 % | $1,412 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $84,732 | $1,412 | |
| Vac. / Bad debt | $2,542 | 3 % | $42 |
| EGR | $82,190 | $1,370 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,699 | 4.5 % | $740 |
| Municipal Taxes | Current | $5,553 | 6.8 % | $1,111 |
| School Taxes | Current | $564 | 0.7 % | $113 |
| Insurance | Current | $4,014 | 4.9 % | $803 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,230 | 1.5 % | $246 |
| Elevator | ||||
| Lawn | Current | $574 | 0.7 % | $115 |
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.5 % | $250 |
| Maintenance | Normalised | $3,500 | 4.3 % | $700 |
| Appliances | ||||
| WiFi | Current | $293 | 0.4 % | $59 |
| Heat pump | Current | $950 | 1.2 % | $190 |
| CHMC: Other Costs | Normalised | $822 | 1 % | $164 |
| Internet | Current | $1,517 | 1.8 % | $303 |
| Total expenses | $23,965 | 29.2 % | $4,793 | |
| Net Revenue | $58,225 | $11,645 |
| Maximum loan amount | $1,015,463 |
| Financing CAP | 4.87 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.0 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $58,225 |
| Annual Mortgage Cost | $55,876 |
| Net cash after mortgage | $2,348 |
| RETURN ON INVESTMENT | |
| Down Payment | $333,537 |
| Cash on cash return | 0.7 % |
| Return on liquidity + capitalization | 3.8 % |
| Total yearly return with appreciation of 2 % | 11.91 % |
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