This 8-unit building in Joliette, consisting of 4 x 4.5 and 4 x 3.5 apartments, has undergone major renovations, improving rental value, reducing maintenance costs, and attracting quality tenants. Heating and electricity are the responsibility of the tenants. The building is part of a real estate portfolio of 27 units, including 21 residential and 6 commercial, across 5 buildings.
4 x 4.5 avering 1222$ monthly and 4 x 3.5 avereging 1022$ / monthly. Wifi included. Located in a vibrant neighbourhood offering a wide range of services and attractions: restaurants, cafés, pubs, museum, school, Cegep. Within walking distance of Emile-Prevost and Louis-Querbes Park. Served by the D and X Xpress bus routes.
2022-2023: Major renovations to the apartments, including kitchens, bathrooms, plumbing, and electrical.
2023: Aluminum balconies. 90% of the windows replaced, pre-painted steel doors. 8 x Hot water tanks replaced.
Visit upon acceptance of a promise to purchase. Apartments 38-40-42-44 are part of the APH Select Abodability program. Building sold together with the following land registers: 2 900 833, 2 900 834, 2 900 836, 2 900 745 2 900 746. Mortgage assumption by the buyer of the seller's mortgage obligations is possible. Sale without legal guarantee of quality at the buyer's own risk.
| Cadastral number | 2 900 746 |
| Total Municipal Assessment | 836 400 $ |
| Municipal Land Assessment | 117 300 $ |
| Municipal Building Assessment | 719 100 $ |
| Number of Storeys | 2 |
| Type of Building | Attached |
| Type of Construction | Brick and wood |
| Year of Construction | 1950 |
| Poured Concrete Foundation | |
| Fire System | Smoke detector |
| Type of Parking | Extérieur |
| Land Surface Area | 4 352 sq.ft. |
| Laundry Room | N/A |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | ABS | Pex |
| Condition of Roof | Elastomeric Membrane (60%) | TPO Membrane (40%) - 2005 |
| Condition of Doors | 2023 - Prepainted Steel |
| Condition of Balconies | 2023 - Aluminum |
| Intercom and Doorbell | Doorbell -Independent entrance |
| Heating System | Electric baseboards |
| Hot Water System | Independent tank (8 x 2023) |
| Condition of Windows | 2023 - PVC (90% of the windows) |
| Condition of Kitchens | 2023 |
| Electrical Panels | Circuit breakers | 1 panel |
| Exterior Siding | Cement fiber |
| Condition of Bathrooms | 2023 |
| Environmental Report | Environmental Phase 1 2023 |
| Floor Covering | Glued Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $110,184 | 99.5 % | $1,148 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | $600 | 0.5 % | $6 |
| Laundry | |||
| Total revenues | $110,784 | $1,154 | |
| Vac. / Bad debt | $3,324 | 3 % | $35 |
| EGR | $107,460 | $1,119 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,836 | 4.5 % | $604 |
| Municipal Taxes | Current | $12,950 | 12.1 % | $1,619 |
| School Taxes | Current | $488 | 0.5 % | $61 |
| Insurance | Estimated | $9,721 | 9 % | $1,215 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,933 | 1.8 % | $242 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.9 % | $250 |
| Maintenance | Normalised | $5,600 | 5.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,075 | 1 % | $134 |
| Total expenses | $38,602 | 35.9 % | $4,825 | |
| Net Revenue | $68,858 | $8,607 |
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