Located at 6-6D Lanctôt Street in Saint-Constant, this QUINTUPLEX represents an excellent investment opportunity for a buyer seeking a property that offers stable income along with strong long-term appreciation potential. The building features 5 fully rented units, offering a variety of highly sought-after rental layouts on the market. Strategically located near major highways, commuter rail services, and all essential amenities, the property benefits from a location that supports strong rental demand and excellent income stability.
Fully leased fiveplex except for one vacant bachelor unit (2½), generating potential gross revenues of $56,328. Detached brick building offering more than 9 parking spaces, 4 outdoor storage sheds, and excellent value-add potential. Stable tenants, with heating and hot water paid by the tenants. Located in a sought-after area of Saint-Constant, close to the commuter train, services, and Highway 132.
Renovated balconies
Roof replaced / in good condition (2008)
Regular maintenance carried out over the years
General improvements and upkeep of the units
Partial upgrades to certain interior finishes
4 out of 5 units are currently rented; 1 unit is vacant
Rental income diversified across multiple unit types
Certificate of location available
Occupancy according to existing leases
$10 fee for garbage collection (not included in the lease)
Sale made without legal warranty of quality, at the buyer’s own risk and peril
| Cadastral number | 2 178 130 |
| Total Municipal Assessment | 761 900 $ |
| Municipal Land Assessment | 359 100 $ |
| Municipal Building Assessment | 402 800 $ |
| Number of Storeys | 2 |
| Type of Building | Detach |
| Type of Construction | Brick and wood |
| Year of Construction | 1963 |
| Fire System | Detectors de smoke |
| Type of Parking | Exterior |
| Number of Parking Spaces | 9 espaces |
| Land Surface Area | 7 206 pi² |
| Laundry Room | N/A |
| Number of Rooms | 15 |
| Number of Units | 1 x 5.5 + 2 x 4.5 + 1 x 3.5 + 1 x 2.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Fenced | To be verified |
| Plumbing | PEX/ABS |
| Condition of Roof | Good condition (2008) |
| Condition of Doors | Good shape |
| Condition of Balconies | Upper one is renovated |
| Concierge Agreement | No |
| Intercom and Doorbell | No |
| Heating System | Electric baseboards |
| Hot Water System | Independant tanks |
| Condition of Windows | Good shape |
| Condition of Kitchens | Standard, bon état |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Standard, bon état |
| Environmental Report | N/A |
| Floor Covering | Ceramic, Vinyle |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $56,328 | 100 % | $939 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $56,328 | $939 | |
| Vac. / Bad debt | $1,690 | 3 % | $28 |
| EGR | $54,638 | $911 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,459 | 4.5 % | $492 |
| Municipal Taxes | Current | $7,402 | 13.5 % | $1,480 |
| School Taxes | Current | $494 | 0.9 % | $99 |
| Insurance | Current | $3,863 | 7.1 % | $773 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,861 | 3.4 % | $372 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 2.3 % | $250 |
| Maintenance | Normalised | $3,500 | 6.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $546 | 1 % | $109 |
| Total expenses | $21,375 | 39.1 % | $4,275 | |
| Net Revenue | $33,263 | $6,653 |
| Maximum loan amount | $588,524 |
| Financing CAP | 4.80 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.2 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $33,263 |
| Annual Mortgage Cost | $32,122 |
| Net cash after mortgage | $1,141 |
| RETURN ON INVESTMENT | |
| Down Payment | $245,476 |
| Cash on cash return | 0.5 % |
| Return on liquidity + capitalization | 3.0 % |
| Total yearly return with appreciation of 2 % | 9.79 % |
To see the detailed rent rolls of this building, you need to be connected.
