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
Outstanding investment opportunity in Saint-Jérôme! This sixplex consists of six bright 4½ units, offering comfort and strong appeal to tenants. Located in a sought-after area close to services, shops, and major roadways, the property provides stable and secure rental income, making it an ideal choice for investors.
Strategic location offering quick access to Highway 15, facilitating travel to the Greater Metropolitan Area.
Immediate proximity to essential services, including shops, schools, CEGEP, hospital, public transportation, and the commuter train.
Area characterized by strong rental demand.
Roof – 2015
Hot water tanks – 2005
Plumbing – 2005
Main heating system – 2005
Electrical installation – 2005 (complete)
The sale is made without legal warranty of quality, at the buyer’s own risk.
Unit 62 is vacant; the seller has prevailed.
| Cadastral number | 2 141 688 |
| Total Municipal Assessment | 627 000 $ |
| Municipal Land Assessment | 154 800 $ |
| Municipal Building Assessment | 472 200 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Wood structure |
| Year of Construction | 1920 |
| Fire System | To be verified |
| Type of Parking | Exterior |
| Number of Parking Spaces | 3 Spaces |
| Land Surface Area | 4 629 sq. ft. |
| Laundry Room | N/A |
| Washer/Dryer Inlet | In each apartment |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | to be verified |
| Condition of Roof | Good condition - 2015 |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Yes, doorbell. |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers (Separate electrical meter for each unit) |
| Exterior Siding | Vinyl / aluminum / brick-stone (mixed) |
| Condition of Bathrooms | Good condition |
| Environmental Report | N/A |
| Floor Covering | Wood / Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $82,956 | 100 % | $1,152 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $82,956 | $1,152 | |
| Vac. / Bad debt | $2,489 | 3 % | $35 |
| EGR | $80,467 | $1,118 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,621 | 4.5 % | $604 |
| Municipal Taxes | Current | $8,470 | 10.5 % | $1,412 |
| School Taxes | Current | $777 | 1 % | $130 |
| Insurance | Current | $5,012 | 6.2 % | $835 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.9 % | $250 |
| Maintenance | Normalised | $4,200 | 5.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $805 | 1 % | $134 |
| Pelouse / entretien extérieur | Current | $674 | 0.8 % | $112 |
| Total expenses | $25,059 | 31.1 % | $4,176 | |
| Net Revenue | $55,409 | $9,235 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $998,750 | $731,497 |
| Financing CAP | 4.62 % | 5.68 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 3.5 % | 4.0 % |
| Amortization | 35 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $55,409 | $55,409 |
| Annual Mortgage Cost | $52,413 | $46,174 |
| Net cash after mortgage | $2,996 | $9,235 |
| RETURN ON INVESTMENT | ||
| Down Payment | $176,250 | $443,503 |
| Cash on cash return | 1.7 % | 2.1 % |
| Return on liquidity + capitalization | 10.7 % | 6.0 % |
| Total yearly return with appreciation of 2 % | 24 % | 11.32 % |
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