Residential building constructed in 2019, comprising 12 units: 3 five-and-a-half (5½) units and 9 four-and-a-half (4½) units. The building is detached, spread over three storeys, and built of brick and wood. Each unit is equipped with washer/dryer hookups, with new kitchens and bathrooms at the time of construction.
Heating is provided by electric baseboards, with individual hot water tanks. Responsibility for heating, hot water, and appliances lies with the tenants. Flooring consists of floating floors and ceramic tile.
The property includes 24 outdoor parking spaces, an intercom system, and a fire alarm system. The roof, balconies, doors, and windows were installed in 2019.
Located in a peaceful residential neighborhood, close to elementary and secondary schools. The building faces one of Lavaltrie's main thoroughfares, Notre-Dame Boulevard, offering easy access to shops and essential services.
This is a rapidly growing area, with major commercial development nearby, including the arrival of Maxi, Pharmaprix, Super C, and Starbucks, enhancing its rental appeal.
It benefits from shared parking at the rear, with at least two spaces for seven of the eight tenants. Secure storage spaces are also available in the basement for each tenant.
A snow removal contract has been awarded in the amount of $18,212 for the entire 540-550-560 Notre-Dame property, and $1,550 for lawn maintenance at 550 Notre-Dame. Additional information may be provided by the listing broker following an accepted offer to purchase.
| Cadastral number | 6 281 771 |
| Total Municipal Assessment | 2 529 000 $ |
| Municipal Land Assessment | 364 100 $ |
| Municipal Building Assessment | 2 164 900 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2019 |
| Fire System | Yes |
| Type of Parking | Exterior |
| Number of Parking Spaces | 24 spaces |
| Land Surface Area | 5,599 sq.ft |
| Laundry Room | N/A |
| Number of Units | 3 x 5.5 + 9 x 4.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Plumbing | Plastic, PEX |
| Condition of Roof | New – Asphalt Shingles | 2019 |
| Condition of Doors | New | 2019 |
| Condition of Balconies | New | 2019 |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboard |
| Hot Water System | Independent tank |
| Condition of Windows | New | 2019 |
| Condition of Kitchens | New | 2019 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, fiber cement, and steel |
| Condition of Bathrooms | New | 2019 |
| Environmental Report | Updates required |
| Floor Covering | Floating floors and ceramic tile |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $208,104 | 100 % | $1,445 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $208,104 | $1,445 | |
| Vac. / Bad debt | $6,243 | 3 % | $43 |
| EGR | $201,861 | $1,402 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $10,093 | 5 % | $841 |
| Municipal Taxes | Current | $26,636 | 13.2 % | $2,220 |
| School Taxes | Current | $1,869 | 0.9 % | $156 |
| Insurance | Current | $4,397 | 2.2 % | $366 |
| Electricity | Current | $1,100 | 0.5 % | $92 |
| Heating | ||||
| Snow Removal | Current | $6,071 | 3 % | $506 |
| Elevator | ||||
| Lawn | Current | $2,244 | 1.1 % | $187 |
| Structural reserve | ||||
| Janitor | Normalised | $4,800 | 2.4 % | $400 |
| Maintenance | Normalised | $8,400 | 4.2 % | $700 |
| Appliances | ||||
| WiFi | Current | $704 | 0.3 % | $59 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,019 | 1 % | $168 |
| Internet | Current | $1,103 | 0.5 % | $92 |
| Garbage | Current | $3,999 | 2 % | $333 |
| Total expenses | $73,435 | 36.4 % | $6,120 | |
| Net Revenue | $128,426 | $10,702 |
| schl | Mortgage assumption | |
|---|---|---|
| Maximum loan amount | $2,038,922 | $1,844,448 |
| Financing CAP | 5.35 % | |
| Debt coverage ratio | 1.3 | |
| Interest Rate | 3.8 % | 1.99 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | Mortgage assumption | |
|---|---|---|
| Net Revenue | $128,426 | $128,426 |
| Annual Mortgage Cost | $105,150 | $72,624 |
| Net cash after mortgage | $23,276 | $55,802 |
| RETURN ON INVESTMENT | ||
| Down Payment | $1,261,078 | $1,455,552 |
| Cash on cash return | 1.8 % | 3.8 % |
| Return on liquidity + capitalization | 3.7 % | 6.7 % |
| Total yearly return with appreciation of 2 % | 8.96 % | 11.19 % |
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