Hendrik Lapointe
| Team Hendrik Lapointe
Senior VP
|
Real Estate Broker, CPA | PMML Partner
Real estate portfolio in a prime location. Residential portfolio of 32 units (spread across four different cadastral parcels), consisting exclusively of spacious 4½ apartments, located in a rapidly growing area of Laval. This portfolio offers both immediate returns and long-term growth potential.
Very well-maintained building, several renovations over time. Several units renovated to modern standards.
Close to all amenities. Large number of shops and local services within a 10-minute walk.
Close to highways 15, 440, and 19, and Boulevard de la Concorde.
Close to Montmorency Station, De la Concorde Station, the commuter train station, Concorde Station, and Vimont Station.
Excellent opportunity for optimization and future value creation.
Windows and doors completely replaced in 2017 (aluminum)
Rear balcony and front balcony to create an attractive living space (2024-2025)
14 completely renovated units
Several partially renovated units (kitchen, bathroom, painting)
Cameras at entrances
Number of lockers - All units have outdoor storage space
Unit layout - 32 large 4.5-room open-plan units
The seller will provide supporting documents for the major works carried out in 2025 so that they can be taken into account for the 2026 increase notices.
The sale is made without legal warranty of quality at the buyer's own risk.
| Cadastral number | 1 405 208, 1 405 203 et autres |
| Total Municipal Assessment | 5 327 600 |
| Municipal Land Assessment | 1 599 400 |
| Municipal Building Assessment | 3 728 200 |
| Number of Storeys | 3 |
| Type of Building | Isolated |
| Type of Construction | Brick and wood |
| Year of Construction | 1976 |
| Fire System | To be verified |
| Type of Parking | Exterior |
| Number of Parking Spaces | 32 parking spaces |
| Land Surface Area | 2 701,6 |
| Washer/Dryer Inlet | Yes, in all accommodations |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | Good condition |
| Condition of Roof | To be verified |
| Condition of Doors | Very good condition |
| Condition of Balconies | Renovation of front and rear balconies |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Intercom and doorbell |
| Heating System | Electric baseboard heaters |
| Hot Water System | Independent reservoir |
| Condition of Windows | Very good condition |
| Condition of Kitchens | Good condition and several renovated |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition and several renovated |
| Environmental Report | Yes, an update is required. |
| Floor Covering | Good condition and several renovated |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $497,844 | 100 % | $1,296 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $497,844 | $1,296 | |
| Vac. / Bad debt | $14,935 | 3 % | $39 |
| EGR | $482,909 | $1,258 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Real | $20,524 | 4.3 % | $641 |
| Municipal Taxes | Current | $50,508 | 10.5 % | $1,578 |
| School Taxes | Current | $3,733 | 0.8 % | $117 |
| Insurance | Current | $16,971 | 3.5 % | $530 |
| Electricity | Current | $1,988 | 0.4 % | $62 |
| Heating | ||||
| Snow Removal | Current | $4,669 | 1 % | $146 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Current | $6,880 | 1.4 % | $215 |
| Maintenance | Normalised | $22,400 | 4.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $4,829 | 1 % | $151 |
| Internet | Current | $8,126 | 1.7 % | $254 |
| camera | Current | $815 | 0.2 % | $25 |
| Total expenses | $141,443 | 29.3 % | $4,420 | |
| Net Revenue | $341,466 | $10,671 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $7,127,174 | $4,039,654 |
| Financing CAP | 4.07 % | 6.34 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 3.68 % | 4.68 % |
| Amortization | 50 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $341,466 | $341,466 |
| Annual Mortgage Cost | $331,897 | $273,173 |
| Net cash after mortgage | $9,569 | $68,293 |
| RETURN ON INVESTMENT | ||
| Down Payment | $2,012,826 | $5,100,346 |
| Cash on cash return | 0.5 % | 1.3 % |
| Return on liquidity + capitalization | 3.2 % | 3.1 % |
| Total yearly return with appreciation of 2 % | 12.27 % | 6.64 % |
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