Detached residential building constructed in 2019, comprising 12 dwelling units, including 3 x 5.5 + 9 x 4.5 units. The building is spread over three storeys and is constructed primarily of brick with a wood structure.
Each unit is equipped with washer and dryer hookups, as well as new kitchens and bathrooms at the time of construction. Heating is provided by electric baseboard heaters, and each unit has an independent hot water tank. Heating, hot water, and appliances are the responsibility of the tenants.
Flooring consists of laminate (floating floors) and ceramic tile.
The property benefits from 23 outdoor parking spaces, an intercom system, a fire alarm system, and a concierge/maintenance service agreement.
The exterior cladding is composed of brick, fibre cement, and steel, offering durability and low maintenance.
Located in a quiet residential neighborhood, in close proximity to elementary and secondary schools.
The buildings are situated along a major thoroughfare in Lavaltrie, Boulevard Notre-Dame, offering easy access to retail, services, and essential amenities.
The property benefits from a shared rear parking area, providing at least two parking spaces for 7 of the 8 tenants.
Each tenant has access to a secured storage space in the building’s basement.
A snow removal contract has been awarded in the amount of $18,212 for all buildings located at 540–550–560 Notre-Dame Street, as well as a lawn maintenance contract in the amount of $1900 for 560 Notre-Dame Street.
Additional information may be provided by the listing broker following the acceptance of an offer to purchase.
| Cadastral number | 6 281 772 |
| 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 | 9 x 4.5 + 3 X 5.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| 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 baseboards |
| Hot Water System | Independent tanks |
| 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 | Update to be done |
| Floor Covering | Floating and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $210,192 | 100 % | $1,460 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $210,192 | $1,460 | |
| Vac. / Bad debt | $6,306 | 3 % | $44 |
| EGR | $203,886 | $1,416 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $10,194 | 5 % | $850 |
| Municipal Taxes | Current | $26,636 | 13.1 % | $2,220 |
| School Taxes | Current | $1,869 | 0.9 % | $156 |
| Insurance | Current | $4,276 | 2.1 % | $356 |
| Electricity | Current | $1,774 | 0.9 % | $148 |
| Heating | ||||
| Snow Removal | Current | $6,071 | 3 % | $506 |
| Elevator | ||||
| Lawn | Current | $2,646 | 1.3 % | $221 |
| Structural reserve | ||||
| Janitor | Normalised | $4,800 | 2.4 % | $400 |
| Maintenance | Normalised | $8,400 | 4.1 % | $700 |
| Appliances | ||||
| WiFi | Current | $704 | 0.3 % | $59 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,039 | 1 % | $170 |
| Internet | Current | $1,103 | 0.5 % | $92 |
| Garbage | Current | $3,999 | 2 % | $333 |
| Total expenses | $74,511 | 36.5 % | $6,209 | |
| Net Revenue | $129,375 | $10,781 |
| schl | Mortgage assumption | |
|---|---|---|
| Maximum loan amount | $2,053,985 | $1,729,582 |
| Financing CAP | 5.35 % | |
| Debt coverage ratio | 1.3 | |
| Interest Rate | 3.8 % | 4.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | Mortgage assumption | |
|---|---|---|
| Net Revenue | $129,375 | $129,375 |
| Annual Mortgage Cost | $105,926 | $109,175 |
| Net cash after mortgage | $23,449 | $20,200 |
| RETURN ON INVESTMENT | ||
| Down Payment | $1,121,015 | $1,445,418 |
| Cash on cash return | 2.1 % | 1.4 % |
| Return on liquidity + capitalization | 4.2 % | 4.3 % |
| Total yearly return with appreciation of 2 % | 9.89 % | 8.65 % |
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