2021 construction
- A right of way, an easement in favor of the City of Sherbrooke and Bell Canada, an easement in favor of the City of Sherbrooke.
- The building must be sold together with these buildings: 5577 René Lévesque Boulevard, Sherbrooke, Quebec J1R 0X2 - 5565, René Lévesque Boulevard, Sherbrooke, Quebec J1R 0X2 - 5605 Boulevard René-Lévesque, Sherbrooke, Quebec, J1R0X2 - 5593, Boulevard René Lévesque, Sherbrooke, Quebec J1R 0X2. Snow removal costs $455.
| Cadastral number | 6 105 064 |
| Total Municipal Assessment | 1 463 000$ |
| Municipal Land Assessment | 311 600$ |
| Municipal Building Assessment | 1 151 400$ |
| Number of Storeys | 3 |
| Type of Building | Semi-attached |
| Type of Construction | Brick, wood and concrete |
| Year of Construction | 2021 |
| Fire System | Smoke detectors |
| Type of Parking | Asphalt exterior |
| Number of Parking Spaces | 12 |
| Land Surface Area | 13 400 sq.ft |
| Laundry Room | N/A |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | ABS / PEX |
| Condition of Roof | Asphalt shingles - 2021 |
| Condition of Doors | Very good condition (2021) |
| Condition of Balconies | Fiberglass, large balconies |
| Concierge Agreement | Yes, without contracts for all 5+ properties in the portfolio |
| Intercom and Doorbell | Separate entrances |
| Heating System | Electric baseboard heaters, heat pumps |
| Hot Water System | Independant tanks |
| Condition of Windows | PVC / Casement windows |
| Condition of Kitchens | Very good condition with quartz countertops |
| Electrical Panels | Breakers |
| Exterior Siding | Brick and vinyl |
| Condition of Bathrooms | Very good condition with freestanding bathtub and glass shower |
| Environmental Report | Yes (presumed) |
| Floor Covering | To be verified, heated floor on the ground floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $115,800 | 100 % | $1,608 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $115,800 | $1,608 | |
| Vac. / Bad debt | $3,474 | 3 % | $48 |
| EGR | $112,326 | $1,560 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $5,055 | 4.5 % | $842 |
| Municipal Taxes | Current | $18,261 | 16.3 % | $3,044 |
| School Taxes | Current | $1,021 | 0.9 % | $170 |
| Insurance | Current | $2,998 | 2.7 % | $500 |
| Electricity | Current | $834 | 0.7 % | $139 |
| Heating | ||||
| Snow Removal | Current | $368 | 0.3 % | $61 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.3 % | $250 |
| Maintenance | Normalised | $4,200 | 3.7 % | $700 |
| Appliances | Current | $540 | 0.5 % | $90 |
| WiFi | Current | $352 | 0.3 % | $59 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,123 | 1 % | $187 |
| Internet (Bell) | Current | $643 | 0.6 % | $107 |
| Câble Télé / Internet (Vidéotron) | Current | $3,265 | 2.9 % | $544 |
| Ordures | Current | $625 | 0.6 % | $104 |
| Total expenses | $40,785 | 36.3 % | $6,797 | |
| Net Revenue | $71,541 | $11,924 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,256,695 | $897,630 |
| Financing CAP | 4.84 % | 5.98 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.25 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $71,541 | $71,541 |
| Annual Mortgage Cost | $67,913 | $59,618 |
| Net cash after mortgage | $3,628 | $11,924 |
| RETURN ON INVESTMENT | ||
| Down Payment | $508,305 | $867,370 |
| Cash on cash return | 0.7 % | 1.4 % |
| Return on liquidity + capitalization | 3.2 % | 3.7 % |
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