Fanny Rooseboom
| Team Fanny Rooseboom et Cidrik Gagné
Executive VP
|
Real Estate Broker
Superb detached 8-unit building (6 x 4½, 1 x 3½ and 1 x 2½) with garage, ideally located only 450 meters from Côte-Sainte-Catherine and Snowdon metro stations, near Université de Montréal, HEC, and hospitals.
Ideal location in the heart of Côte-des-Neiges, offering quick access to all services and amenities in the area.
All units have been completely renovated and are occupied by excellent tenants.
A turnkey investment, combining rental stability and optimization potential.
Roof redone in 2023.
450 meters from Côte Ste-Catherine and Snowdon Metro (5-minute walk)
A few minutes' walk from Université de Montréal, HEC, etc.
A few minutes' walk from hospitals (Jewish General Hospital, St-Mary's, etc.)
Roof 2023
All units have been renovated
Side wall and foundation repaired in 2024
Left brick wall, sills and lintel in 2014
8-unit building, all renovated
Possibility to expand basement units
Easy to rent, in the heart of Côte-des-Neiges
Excellent tenants
Optimization potential
Very well maintained
Possibility to rent the garage
The SELLER gives no legal warranty of quality to the buyer, [...] (see broker for complete clause).
| Cadastral number | 2 650 618 |
| Total Municipal Assessment | 1 573 800 $ |
| Municipal Land Assessment | 820 800 $ |
| Municipal Building Assessment | 753 000 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1942 |
| Possibility to expand basement units | |
| Fire System | Yes |
| Type of Parking | Indoor (garage) |
| Number of Parking Spaces | 2 indoor |
| Land Surface Area | 6,333 sq.ft. |
| Laundry Room | Self-service washer and dryer in the basement |
| Number of Rooms | 6 x 4.5 + 1 x 3.5 + 1 x 2.5 |
| Number of Units | 8 |
| Washer/Dryer Inlet | Yes, in most units |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| The SELLER does not provide a legal warranty of quality to the buyer...(see broker for full clause) | |
| Fenced | No |
| Internet and Telecom | Internet |
| Plumbing | Copper and PEX |
| Condition of Roof | Very good condition (Replaced in 2023) |
| Condition of Doors | Very good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Intercom |
| Heating System | Electric |
| Hot Water System | Electric water heaters |
| Condition of Windows | Very good condition |
| Condition of Kitchens | Very good condition (Renovated) |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and stone |
| Condition of Bathrooms | Very good condition (Renovated) |
| Environmental Report | To come |
| Floor Covering | Wood and laminate |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $155,700 | 98.3 % | $1,622 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | $2,700 | 1.7 % | $28 |
| Laundry | |||
| Total revenues | $158,400 | $1,650 | |
| Vac. / Bad debt | $4,752 | 3 % | $50 |
| EGR | $153,648 | $1,601 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $6,914 | 4.5 % | $864 |
| Municipal Taxes | Current | $10,008 | 6.5 % | $1,251 |
| School Taxes | Current | $1,223 | 0.8 % | $153 |
| Insurance | Current | $9,466 | 6.2 % | $1,183 |
| Electricity | Current | $717 | 0.5 % | $90 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.3 % | $250 |
| Maintenance | Normalised | $5,600 | 3.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,536 | 1 % | $192 |
| Water Heater | Current | $868 | 0.6 % | $109 |
| Total expenses | $38,333 | 24.9 % | $4,792 | |
| Net Revenue | $115,315 | $14,414 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,040,276 | $1,348,074 |
| Financing CAP | 4.80 % | 6.42 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.2 % | 4.8 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $115,315 | $115,315 |
| Annual Mortgage Cost | $110,649 | $92,252 |
| Net cash after mortgage | $4,666 | $23,063 |
| RETURN ON INVESTMENT | ||
| Down Payment | $608,724 | $1,300,926 |
| Cash on cash return | 0.8 % | 1.8 % |
| Return on liquidity + capitalization | 4.3 % | 4.0 % |
| Total yearly return with appreciation of 2 % | 12.98 % | 8.06 % |
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