Residential building constructed in 2022, consisting of 8 units: 6 × 5½ and 2 × 4½. The building has 3 floors and is built with brick and wood. Each unit is equipped with washer/dryer hookups, and the kitchens and bathrooms were new at the time of construction.
Heating is provided by electric baseboards, with independent hot water tanks. Tenants are responsible for heating, hot water, and appliances. The flooring is laminate and ceramic
The sale includes the assumption of the existing mortgage loan by the buyer (see additional information for details).
Located in a quiet residential neighborhood, close to elementary and secondary schools. The building faces a major thoroughfare in Lavaltrie, Boulevard Notre-Dame, offering easy access to shops and essential services. It benefits from shared parking at the rear, including at least two spaces for 6 of the 8 tenants. Secure storage spaces are also available in the basement for each tenant.
Interest rate: 3.95% until 05/16/2028
Monthly payment: $7,426.72
Remaining balance: $1,750,343.50
Amortization: 450 months.
| Cadastral number | 6 431 679 |
| Total Municipal Assessment | 1 967 800 $ |
| Municipal Land Assessment | 300 200 $ |
| Municipal Building Assessment | 1 667 600 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2022 |
| Fire System | Yes |
| Type of Parking | Exterior |
| Number of Parking Spaces | 14 spaces |
| Land Surface Area | 12,934 ft.sq |
| Laundry Room | N/A |
| Number of Units | 6 x 5.5 + 2 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | Plastic and PEX |
| Condition of Roof | New - Asphalt shingles | 2022 |
| Condition of Doors | New | 2022 |
| Condition of Balconies | New | 2022 |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | New | 2022 |
| Condition of Kitchens | New | 2022 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, fiber cement, and steel |
| Condition of Bathrooms | New | 2022 |
| Environmental Report | Update to be done |
| Floor Covering | Floating and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $166,620 | 100 % | $1,736 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $166,620 | $1,736 | |
| Vac. / Bad debt | $4,999 | 3 % | $52 |
| EGR | $161,621 | $1,684 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $7,273 | 4.5 % | $909 |
| Municipal Taxes | Current | $19,951 | 12.3 % | $2,494 |
| School Taxes | Current | $1,484 | 0.9 % | $186 |
| Insurance | Current | $3,668 | 2.3 % | $459 |
| Electricity | Current | $1,538 | 1 % | $192 |
| Heating | ||||
| Snow Removal | Current | |||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.2 % | $250 |
| Maintenance | Normalised | $5,600 | 3.5 % | $700 |
| Appliances | ||||
| WiFi | Current | $469 | 0.3 % | $59 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,616 | 1 % | $202 |
| Internet | Current | $1,379 | 0.9 % | $172 |
| Co-ownership fees | Current | $8,845 | 5.5 % | $1,106 |
| Total expenses | $53,823 | 33.3 % | $6,728 | |
| Net Revenue | $107,798 | $13,475 |
| schl | ||
|---|---|---|
| Maximum loan amount | $1,711,427 | $1,750,343 |
| Financing CAP | 5.35 % | |
| Debt coverage ratio | 1.3 | |
| Interest Rate | 3.8 % | 3.95 % |
| Amortization | 40 Years | 37 Years |
| Term | 5 Years | 5 Years |
| schl | ||
|---|---|---|
| Net Revenue | $107,798 | $107,798 |
| Annual Mortgage Cost | $88,245 | $89,112 |
| Net cash after mortgage | $19,553 | $18,686 |
| RETURN ON INVESTMENT | ||
| Down Payment | $1,088,573 | $1,049,657 |
| Cash on cash return | 1.8 % | 1.8 % |
| Return on liquidity + capitalization | 3.6 % | 4.3 % |
| Total yearly return with appreciation of 2 % | 8.77 % | 9.68 % |
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