A 6-unit apartment building ideally located on a major thoroughfare in Plateau-Mont-Royal. The building includes one 6½-room main unit of approximately 1,750 sq. ft., four 4½-room units of approximately 850 sq. ft. each, and one 3½-room unit.
Significant capital improvements have been made in recent years, notably to the plumbing, five of the six bathrooms, and the kitchens, which were renovated with quartz countertops in those same units.
The building represents an ideal opportunity for an owner-occupier or an investor seeking a stabilized asset that generates strong income and requires little capital investment in the short to medium term.
On the edge of the renowned Petit-Laurier district, featuring shops, restaurants, and an active social life
Easy access to public transportation on Papineau and a metro station a few bus minutes away.
Large main dwelling of 1750 sq. ft.
4 parking spaces at the rear of the building.
Basement unit was refreshed (2025)
Plumbing redone
Bathrooms and kitchens renovated in 5 of the 6 units
The sale is made without legal warranty of quality, at the buyer's risk and peril.
| Cadastral number | 3 795 731 |
| Total Municipal Assessment | 1 898 200 $ |
| Municipal Land Assessment | 563 000 $ |
| Municipal Building Assessment | 1 335 200 $ |
| Number of Storeys | 3 |
| Type of Building | In a row |
| Type of Construction | Brick and wood |
| Year of Construction | 1930 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 4 spaces |
| Land Surface Area | 4040 sq. ft. |
| Laundry Room | N/A |
| Number of Units | 1 x 6.5 (1720 sq. ft.) + 4 x 4.5 (850 sq. ft.) + 1 x 3.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Internet and Telecom | N/A |
| Plumbing | Plumbing 100% redone in 5 of the 6 units in 2020 |
| Condition of Roof | Tar and gravel, inspected annually, fair condition (2005) |
| Condition of Doors | Year unknown |
| Condition of Balconies | To be verified |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Year unknown |
| Condition of Kitchens | Quartz countertops in kitchens, redone in 5 of the 6 units in 2020 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Bathrooms 100% redone in 5 of the 6 units in 2020 |
| Environmental Report | Phase I conclusive |
| Floor Covering | Hardwood/Floating floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $133,824 | 98 % | $1,859 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | $2,700 | 2 % | $38 |
| Laundry | |||
| Total revenues | $136,524 | $1,896 | |
| Vac. / Bad debt | $4,096 | 3 % | $57 |
| EGR | $132,428 | $1,839 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $5,959 | 4.5 % | $993 |
| Municipal Taxes | Current | $11,411 | 8.6 % | $1,902 |
| School Taxes | Current | $1,364 | 1 % | $227 |
| Insurance | Estimated | $3,962 | 3 % | $660 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.1 % | $250 |
| Maintenance | Normalised | $4,200 | 3.2 % | $700 |
| Appliances | ||||
| WiFi | Current | $952 | 0.7 % | $159 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,324 | 1 % | $221 |
| Total expenses | $30,673 | 23.2 % | $5,112 | |
| Net Revenue | $101,756 | $16,959 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,742,500 | $1,343,365 |
| Financing CAP | 4.80 % | 5.68 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.2 % | 4.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $101,756 | $101,756 |
| Annual Mortgage Cost | $95,264 | $84,796 |
| Net cash after mortgage | $6,492 | $16,959 |
| RETURN ON INVESTMENT | ||
| Down Payment | $307,500 | $706,635 |
| Cash on cash return | 2.1 % | 2.4 % |
| Return on liquidity + capitalization | 8.1 % | 6.9 % |
| Total yearly return with appreciation of 2 % | 21.43 % | 12.74 % |
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