Commercial triplex located in the heart of Mont-Laurier, at 408–416 Chasles Street, offering an excellent investment opportunity. Two residential units (a 3-bedroom and a 2-bedroom) are rented, unheated and not electricity included.The property also includes a versatile vacant commercial space, ideal for an office or professional services. This is a great business opportunity for an owner-occupant looking to establish their company while benefiting from additional rental income. Strategically located near Mont-Laurier Regional Hospital and Albiny-Paquette Boulevard, ensuring strong visibility and steady foot traffic for any type of professional service. The building is well maintained and occupied by stable tenants, allowing for simplified management. Offered at a competitive price of approximately $131,666 per unit, this represents a prime investment opportunity.
Location, Location, Location!
Potential to optimize both residential and commercial rents.
Property well maintained by the same owner for over 30 years!
Roof (± 10 years)
Crawl space floor repair
Plumbing replacement (crawl space)
Water heaters (2010, 2022, 2024)
1 vacant commercial unit, rental potential of $900, 623 sq ft with 1 bathroom and basement storage.
The sale is made without legal warranty of quality, at the buyer’s own risk
| Cadastral number | 3 050 022 |
| Total Municipal Assessment | $ 224 400 |
| Municipal Land Assessment | $ 67 900 |
| Municipal Building Assessment | $ 156 500 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1930 |
| Fire System | No |
| Type of Parking | Exterior |
| Number of Parking Spaces | 3 |
| Land Surface Area | 3,551 sq ft |
| Laundry Room | No |
| Washer/Dryer Inlet | YES |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Owner |
| Plumbing | ABS (Acrylonitrile Butadiene Styrene) |
| Condition of Roof | + / - 10 years – good condition |
| Condition of Doors | Good overall condition |
| Condition of Balconies | Concrete and wood |
| Concierge Agreement | No |
| Intercom and Doorbell | No |
| Heating System | electric baseboards (residential) |
| Hot Water System | Independent – 3 water heaters (2010, 2022, 2024) |
| Condition of Windows | Good overall condition |
| Condition of Kitchens | Average |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Wood |
| Condition of Bathrooms | Average |
| Environmental Report | No |
| Floor Covering | Laminate and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $17,460 | 61.8 % | $485 |
| Affordable res. | |||
| Commercial | $10,800 | 38.2 % | $300 |
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $28,260 | $785 | |
| Vac. / Bad debt | $848 | 3 % | $24 |
| EGR | $27,412 | $761 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $1,234 | 4.5 % | $411 |
| Municipal Taxes | Current | $4,949 | 18.1 % | $1,650 |
| School Taxes | Current | $155 | 0.6 % | $52 |
| Insurance | Estimated | $3,813 | 13.9 % | $1,271 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $750 | 2.7 % | $250 |
| Maintenance | Normalised | $2,100 | 7.7 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $274 | 1 % | $91 |
| Total expenses | $13,275 | 48.4 % | $4,425 | |
| Net Revenue | $14,138 | $4,713 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $200,682 | $168,804 |
| Financing CAP | 5.99 % | 6.28 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 5.0 % | 5.0 % |
| Amortization | 30 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $14,138 | $14,138 |
| Annual Mortgage Cost | $13,601 | $11,781 |
| Net cash after mortgage | $537 | $2,356 |
| RETURN ON INVESTMENT | ||
| Down Payment | $179,218 | $211,096 |
| Cash on cash return | 0.3 % | 1.1 % |
| Return on liquidity + capitalization | 2.1 % | 2.8 % |
| Total yearly return with appreciation of 2 % | 6.3 % | 6.38 % |
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