Well maintained 9 unit property in Gatineau, Hull. This building is composed of 7 x 2 bedrooms and 1 x 1 bedroom. Includes 9 outdoor parking spaces. Located in a strategic location just walking distance from Boulevard Saint-Joseph and boulevard des Allumettières. Rare occasion, do not miss your chance!
Walking distance from Boulevard Saint-Joseph and boulevard des Allumettières
Less than 10 minutes from Ottawa
3 minutes from the Hull Hospital
Walking distance from the famous Gatineau Park
Roof: roughly 1998-2000
Windows: roughly 2009-2010
Balconies: June 2022 (we have invoices, company: Balcon2000)
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 1085101 |
| Total Municipal Assessment | 1 177 100 $ |
| Municipal Land Assessment | 355 000 $ |
| Municipal Building Assessment | 822 100 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1959 |
| Fire System | Yes |
| Type of Parking | Exterior |
| Number of Parking Spaces | 9 |
| Land Surface Area | 850.25 m2 |
| Laundry Room | Yes |
| Number of Units | 9 |
| Washer/Dryer Inlet | No |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | Pex and copper |
| Condition of Roof | Good |
| Condition of Doors | Good |
| Condition of Balconies | Good |
| Concierge Agreement | No |
| Intercom and Doorbell | Yes |
| Heating System | Boiler Baseboard Heaters (GAS) |
| Hot Water System | Hot water tanks |
| Condition of Windows | Good |
| Condition of Kitchens | Good |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good |
| Environmental Report | Yes |
| Floor Covering | To be verified |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $139,272 | 100 % | $1,290 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $139,272 | $1,290 | |
| Vac. / Bad debt | $4,178 | 3 % | $39 |
| EGR | $135,094 | $1,251 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $6,079 | 4.5 % | $675 |
| Municipal Taxes | Current | $12,494 | 9.2 % | $1,388 |
| School Taxes | Current | $855 | 0.6 % | $95 |
| Insurance | Current | $6,000 | 4.4 % | $667 |
| Electricity | Current | $773 | 0.6 % | $86 |
| Heating | Current | $9,148 | 6.8 % | $1,016 |
| Snow Removal | Current | $1,190 | 0.9 % | $132 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,250 | 1.7 % | $250 |
| Maintenance | Normalised | $6,300 | 4.7 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,351 | 1 % | $150 |
| Total expenses | $46,440 | 34.4 % | $5,160 | |
| Net Revenue | $88,654 | $9,850 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,195,101 | $1,123,579 |
| Financing CAP | 6.31 % | 5.92 % |
| Debt coverage ratio | 1.3 | 1.25 |
| Interest Rate | 4.0 % | 4.0 % |
| Amortization | 30 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $88,654 | $88,654 |
| Annual Mortgage Cost | $72,091 | $70,923 |
| Net cash after mortgage | $16,563 | $17,731 |
| RETURN ON INVESTMENT | ||
| Down Payment | $604,899 | $676,421 |
| Cash on cash return | 2.7 % | 2.6 % |
| Return on liquidity + capitalization | 6.4 % | 6.6 % |
| Total yearly return with appreciation of 2 % | 12.39 % | 11.91 % |
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