Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Vanessa Calero
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
A 6-unit building located on a quiet street with access to Notre-Dame Street, 10 minutes from the Viau metro station and Maisonneuve Park in Hochelaga-Maisonneuve. The building consists of 1 x 5.5 + 2 x 4.5 + 3 x 3.5 units. This diversity of units allows you to reach a large pool of stable tenants. Energy costs are paid by the tenants. Two paid parking spaces in the rear generate additional income. A hassle-free, high-performing, and stable building—a smart investment for long-term ownership in an area with high rental demand.
Close to Viau metro
Close to Maisonneuve Park
Easy access to Notre-Dame Street
The 5.5 becomes available on July 1
All doors have been replaced.
Most units renovated and refreshed.
All rear balconies have been replaced.
The sale is made without any legal guarantee of quality, at the buyer's own risk.
| Cadastral number | 1 560 070 |
| Total Municipal Assessment | 1 100 000 $ |
| Municipal Land Assessment | 286 700 $ |
| Municipal Building Assessment | 813 300 $ |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brique et Bois |
| Year of Construction | 1924 |
| Fire System | No |
| Type of Parking | At the rear in the courtyard | Access via the alleyway |
| Number of Parking Spaces | 2 spots |
| Land Surface Area | 2 683 pi² |
| Laundry Room | No |
| Number of Rooms | N/A |
| Number of Units | 1 x 5.5 + 2 x 4.5 + 3 x 3.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| The owner wishes to list apartment 574 (5.5) to rent for July 1st. The 2026-2027 renewals have been sent out according to the new TAL calculation grid. Projected revenue for July 1st is $90,960.00, assuming all renewals are accepted. | |
| Fenced | No |
| Plumbing | Copper, ABS |
| Condition of Roof | Elastomer Membrane 2013 |
| Condition of Doors | Replaced between 2020 - 2025 |
| Condition of Balconies | Excellent condition | New |
| Intercom and Doorbell | No |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks (in the crawl space) |
| Condition of Windows | To be changed soon |
| Condition of Kitchens | 3 renovated | 2 refreshed |
| Electrical Panels | Breakers |
| Exterior Siding | Brick and wood |
| Condition of Bathrooms | 3 renovated | 2 refreshed |
| Environmental Report | No |
| Floor Covering | Hardwood | Vinyl | Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $90,000 | 100 % | $1,250 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $90,000 | $1,250 | |
| Vac. / Bad debt | $2,700 | 3 % | $38 |
| EGR | $87,300 | $1,213 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,929 | 4.5 % | $655 |
| Municipal Taxes | Current | $6,136 | 7 % | $1,023 |
| School Taxes | Current | $664 | 0.8 % | $111 |
| Insurance | Current | $3,643 | 4.2 % | $607 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.7 % | $250 |
| Maintenance | Normalised | $4,200 | 4.8 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $873 | 1 % | $146 |
| Total expenses | $20,944 | 24.0 % | $3,491 | |
| Net Revenue | $66,356 | $11,059 |
| Maximum loan amount | $1,226,667 | $876,027 |
| Financing CAP | 4.00 % | 4.50 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 3.9 % | 4.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $66,356 | $66,356 |
| Annual Mortgage Cost | $64,048 | $55,297 |
| Net cash after mortgage | $2,308 | $11,059 |
| RETURN ON INVESTMENT | ||
| Down Payment | $223,333 | $573,973 |
| Cash on cash return | 1.0 % | 1.9 % |
| Return on liquidity + capitalization | 7.3 % | 5.6 % |
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