A high-quality, semi-commercial property generating high annual revenue, ideally located in southwest Montreal, just a 3-minute walk from the Place-Saint-Henri metro station. The location, in the heart of an established urban area, offers excellent accessibility and is perfectly suited for institutional use.
The building comprises 29 studio units and 2 commercial spaces, with diversified and fully stabilized income. All units are leased to Ressource d’hébergement l’Étape, an organization recognized by CMHC, ensuring continuous occupancy with no vacancies or bad debt, along with full property management.
The commercial spaces are occupied by established tenants, including Consignaction (5-year lease renewal), as well as a community organization with a long-term lease in a space suited for event activities.
Built and largely renovated in 2012, the building features solid technical specifications: concrete structure, elevator, sprinkler system, and generator, meeting the standards of an institutional-grade asset.
4 minutes from Atwater Market
2 minutes from the Lachine Canal
2 minutes from IGA and Jean Coutu
1 minute from cafés and restaurants (Café Saint Henri, Arthur’s Nosh Bar)
2 minutes from Saint-Zotique Elementary School
Major upgrades completed around 2010
Roof replaced (approx. 2010)
Electrical system updated
Plumbing updated
Windows and doors replaced
Kitchens and bathrooms renovated
Fire sprinkler system installed
The property is sold without legal warranty of quality, at the buyer’s own risks and perils.
Mortgage Assumption: Bank: Peakhill Capital Inc. | Balance: $4,557,069.43 | Rate: 4.25% | Term: June 1, 2029 | Monthly Payment: $18,326.35 |
| Cadastral number | 1 573 771 |
| Total Municipal Assessment | 5 200 000 $ |
| Municipal Land Assessment | 718 100 $ |
| Municipal Building Assessment | 4 481 900 $ |
| Number of Storeys | 4 |
| Type of Building | Detached |
| Type of Construction | Brick and steel |
| Year of Construction | 2012 |
| Fire System | Yes – sprinklers |
| Type of Parking | Exterior |
| Number of Parking Spaces | 1 |
| Land Surface Area | 7 027 Sq.ft |
| Laundry Room | Yes |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | ABS |
| Condition of Roof | Good condition (roof approx. 2010) |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Yes |
| Heating System | Electrical baseboard |
| Hot Water System | Central |
| Condition of Windows | Good condition (approx. 2010) |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Yes |
| Floor Covering | Floating floor |
| yearly | $ / PI² | |
|---|---|---|
| Residential | ||
| Affordable res. | ||
| Commercial | $110,473 | $297 |
| Lockers | ||
| Parking | ||
| Laundry | ||
| Ressource d'Hébergement L'Étape | $403,333 | $1,084 |
| Hydro / Énergir Recovery | $46,229 | $124 |
| General recovery | $51,590 | $139 |
| Total revenues | $611,625 | $1,644 |
| Vac. / Bad debt | ||
| EGR | $611,625 | $1,644 |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $30,581 | 5 % | $986 |
| Municipal Taxes | Current | $38,852 | 6.4 % | $1,253 |
| School Taxes | Current | $4,199 | 0.7 % | $135 |
| Insurance | Estimated | $21,438 | 3.5 % | $692 |
| Electricity | Current | $37,649 | 6.2 % | $1,214 |
| Heating | Current | $8,580 | 1.4 % | $277 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $12,400 | 2 % | $400 |
| Maintenance | Normalised | $21,700 | 3.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $6,116 | 1 % | $197 |
| Total expenses | $181,516 | 29.7 % | $5,855 | |
| Net Revenue | $430,109 | $13,874 |
| conv | Mortgage Assumption | |
|---|---|---|
| Maximum loan amount | $4,796,107 | $4,557,069 |
| Financing CAP | ||
| Debt coverage ratio | ||
| Interest Rate | 4.0 % | 4.25 % |
| Amortization | 25 Years | 50 Years |
| Term | 5 Years | 5 Years |
| conv | Mortgage Assumption | |
|---|---|---|
| Net Revenue | $430,109 | $430,109 |
| Annual Mortgage Cost | $351,300 | $219,912 |
| Net cash after mortgage | $78,809 | $210,197 |
| RETURN ON INVESTMENT | ||
| Down Payment | $4,503,893 | $4,742,931 |
| Cash on cash return | 1.7 % | 4.4 % |
| Return on liquidity + capitalization | 3.8 % | 7.2 % |
| Total yearly return with appreciation of 2 % | 7.94 % | 11.16 % |
