Residential building constructed in 2025, consisting of 24 units spread over 3 floors, built of brick and wood. The building is insulated and offers a modern design that meets current market standards. Each unit is equipped with a washer/dryer hookup, with kitchens and bathrooms built during construction.
Heating is provided by electric baseboard heaters, with independent hot water tanks. Tenants are responsible for heating, hot water, and appliances, contributing to an optimized operating structure. The floors are floating and ceramic.
The building has 49 parking spaces, including outdoor and indoor spaces, as well as an intercom and fire alarm system. The roof, balconies, doors, and windows date from 2025, ensuring uniformity and consistency with the year of construction.
The sale must include the assumption of the existing mortgage loan by the buyer (see additional information for details).
Located in a residential area of Lavaltrie, the building benefits from a growing environment supported by the municipality’s residential expansion. It faces a major thoroughfare in the city, Boulevard Notre-Dame, offering direct access to shops, services, and main traffic routes. The property features a significant number of parking spaces, totaling 49 spaces, including both outdoor and indoor parking. The area is sought after for its quality of life, residential character, and municipal initiatives aimed at improving infrastructure and living environments.
Mortgage Assumption with Desjardins:
Interest rate: 3.43% until 04/16/2030.
Monthly payment: $25,389.00
Remaining balance: $7,280,129.00
Amortization: 600 months.
Buildings held in co-ownership
Common lots: 6,288,760 and 6,554,338
A snow removal contract has been awarded in the amount of $7185 as well as a lawn maintenance contract in the amount of $2485. Additional information may be provided by the listing broker following the acceptance of an offer to purchase.
| Cadastral number | 6 554 345 |
| Total Municipal Assessment | 5 856 000$ |
| Municipal Land Assessment | 1 067 100 $ |
| Municipal Building Assessment | 4 788 900$ |
| Number of Storeys | 3 |
| Type of Building | Isolated |
| Type of Construction | Brick and wood |
| Year of Construction | 2025 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior / Interior |
| Number of Parking Spaces | 49 spaces |
| Land Surface Area | 41,227 sq.ft |
| Laundry Room | N/A |
| Number of Units | 12 x 5.5 + 6 x 4.5 + 6 X 3.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | Plastic / PEX |
| Condition of Roof | Asphalt shingles (2025) |
| Condition of Doors | Construction 2025 |
| Condition of Balconies | Construction 2025 |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Construction 2025 |
| Condition of Kitchens | Construction 2025 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, fiber cement, and steel |
| Condition of Bathrooms | Construction 2025 |
| Environmental Report | Update to be done |
| Floor Covering | Floating and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $482,580 | 100 % | $1,676 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $482,580 | $1,676 | |
| Vac. / Bad debt | $14,477 | 3 % | $50 |
| EGR | $468,103 | $1,625 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $23,405 | 5 % | $975 |
| Municipal Taxes | Current | $59,487 | 12.7 % | $2,479 |
| School Taxes | Current | $4,797 | 1 % | $200 |
| Insurance | Current | $7,260 | 1.6 % | $303 |
| Electricity | Current | $6,788 | 1.5 % | $283 |
| Heating | ||||
| Snow Removal | Current | $7,186 | 1.5 % | $299 |
| Elevator | ||||
| Lawn | Current | $2,185 | 0.5 % | $91 |
| Structural reserve | ||||
| Janitor | Normalised | $9,600 | 2.1 % | $400 |
| Maintenance | Normalised | $16,800 | 3.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $4,681 | 1 % | $195 |
| Internet | Current | $8,278 | 1.8 % | $345 |
| Garbage | Current | $18,135 | 3.9 % | $756 |
| Alarm Central | Current | $787 | 0.2 % | $33 |
| Total expenses | $169,389 | 36.2 % | $7,058 | |
| Net Revenue | $298,713 | $12,446 |
| schl | ||
|---|---|---|
| Maximum loan amount | $4,887,277 | $7,280,129 |
| Financing CAP | 5.20 % | |
| Debt coverage ratio | 1.3 | |
| Interest Rate | 3.6 % | 3.43 % |
| Amortization | 40 Years | 50 Years |
| Term | 5 Years | 5 Years |
| schl | ||
|---|---|---|
| Net Revenue | $298,713 | $298,713 |
| Annual Mortgage Cost | $244,540 | $304,668 |
| Net cash after mortgage | $54,174 | |
| RETURN ON INVESTMENT | ||
| Down Payment | $3,437,723 | $1,044,871 |
| Cash on cash return | 1.6 % | -0.6 % |
| Return on liquidity + capitalization | 3.3 % | 6.9 % |
| Total yearly return with appreciation of 2 % | 8.15 % | 22.88 % |
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