This 10-unit mixed-use property generates annual revenue of over $150,000 and offers excellent optimization potential. The building comprises 6 residential units, all 5½ apartments, as well as 4 commercial spaces currently occupied by a convenience store, a laundromat, a gaming and entertainment venue, and one vacant unit. The vacant space offers an excellent opportunity to welcome a new commercial tenant or operate your own business. Ideally located near Cavendish Boulevard, Côte-Saint-Luc Road, several bus routes, and Snowdon metro station, the property benefits from a strategic location in a sought-after area with strong rental demand. An exceptional opportunity for an investor seeking a well-located property with solid income and immediate upside potential.
Near Snowdon metro, several bus routes, parks, schools, and restaurants.
Possibility to rent or fit out the vacant commercial space.
The roof was renovated in 2018
All apartments were redone 2 to 3 years ago (flooring, kitchen, bathroom)
Work on the entire front brickwork to be expected mid-September (up to 100,000$)
The sale is made without legal warranty of quality, at the buyer's risk.
| Cadastral number | 3323597 |
| Total Municipal Assessment | 1 403 200 $ |
| Municipal Land Assessment | 393 000 $ |
| Municipal Building Assessment | 1 010 200 $ |
| Number of Storeys | 3 |
| Type of Building | Corner building (row house) |
| Type of Construction | Brick and wood |
| Year of Construction | 1958 |
| Fire System | Smoke detector |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 2 |
| Land Surface Area | 4 230 sq.ft |
| Laundry Room | No |
| Number of Rooms | 30 |
| Number of Units | 6 x 5.5 + 4 x commercial |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Landlord, except for one unit |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Internet available |
| Plumbing | Copper | PEX |
| Condition of Roof | Good condition, changed in 2018 |
| Condition of Doors | Average condition |
| Condition of Balconies | Good condition | Metal balcony |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell at entrance |
| Heating System | Electric baseboards |
| Hot Water System | Independent tank |
| Condition of Windows | Good condition | Sliding windows |
| Condition of Kitchens | Good condition | Redone 2-3 years ago |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | Fire station 78 at 750m from the building |
| Condition of Bathrooms | Good condition | Redone 2-3 years ago |
| Environmental Report | Update to be done |
| Floor Covering | Floating | Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $113,400 | 63.9 % | $945 |
| Affordable res. | |||
| Commercial | $46,080 | 26 % | $384 |
| Lockers | |||
| Parking | |||
| Laundry | |||
| Potentiel Rent Commercial | $18,000 | 10.1 % | $150 |
| Total revenues | $177,480 | $1,479 | |
| Vac. / Bad debt | $5,324 | 3 % | $44 |
| EGR | $172,156 | $1,435 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $7,747 | 4.5 % | $775 |
| Municipal Taxes | Current | $18,249 | 10.6 % | $1,825 |
| School Taxes | Current | $1,021 | 0.6 % | $102 |
| Insurance | Current | $5,651 | 3.3 % | $565 |
| Electricity | Estimated | $8,803 | 5.1 % | $880 |
| Heating | Estimated | $465 | 0.3 % | $47 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,500 | 1.5 % | $250 |
| Maintenance | Normalised | $7,000 | 4.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,722 | 1 % | $172 |
| Total expenses | $53,158 | 30.9 % | $5,316 | |
| Net Revenue | $118,998 | $11,900 |
| Maximum loan amount | $1,433,349 |
| Financing CAP | 6.23 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 4.5 % |
| Amortization | 25 Years |
| Term | 5 Years |
| Net Revenue | $118,998 |
| Annual Mortgage Cost | $95,198 |
| Net cash after mortgage | $23,800 |
| RETURN ON INVESTMENT | |
| Down Payment | $562,651 |
| Cash on cash return | 4.2 % |
| Return on liquidity + capitalization | 9.9 % |
| Total yearly return with appreciation of 2 % | 17 % |
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