Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Jessika Anne Ledingham
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
A magnificent 24-unit apartment building constructed in 2022. Option to purchase a single building or a group of three similar buildings. A high-quality property, built with care and meticulously maintained.
A 3 floors building with a wood and brick structure, offering ample parking space. Molok container system for communal waste. Managed by an experienced firm.
Strategic location: close to the bike path, schools, and all amenities, in a rapidly growing neighborhood.
High-quality construction by an experienced contractor
Prime location
Easy to rent
Spacious living quarters
Sustainable building materials
Aluminum ramp
29 parking spaces
Molok container
Can be sold together with the other two 24-unit buildings
The revenues will be effective as of July 1, 2026, and subject to confirmation during due diligence.
Mortgage assumption:
Bank: Desjardins | Balance: $4,918,787.12 | Rate: 3.8% | Term: March 17, 2028 | Monthly payment: $18,615.40
| Cadastral number | 6378465, PC6378462, 6378465 |
| Total Municipal Assessment | 6 437 800$ |
| Municipal Land Assessment | 808 900$ |
| Municipal Building Assessment | 5 628 900$ |
| Number of Storeys | 3 |
| Type of Building | isolated |
| Type of Construction | Brick and Wood |
| Year of Construction | 2022 |
| Fire System | Compliance with standards |
| Type of Parking | Exterior |
| Number of Parking Spaces | 36 spots |
| Land Surface Area | 100 449 sq.ft |
| Laundry Room | N/A |
| Number of Units | 24 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Sale with the legal quality guarantees | |
| Fenced | No |
| Internet and Telecom | WifiPlex |
| Plumbing | PEX/ABS |
| Condition of Roof | Asphalt shingles |
| Condition of Doors | Fire door |
| Condition of Balconies | Balconies with aluminum railings |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Intercom |
| Heating System | Electric baseboard |
| Hot Water System | 40-gallon tank |
| Condition of Windows | PVC |
| Condition of Kitchens | Contemporary design; quartz islands |
| Electrical Panels | 100 amps |
| Exterior Siding | Decline in Wood-Grain Aluminum and Masonry |
| Condition of Bathrooms | Separate shower and bathtub |
| Environmental Report | Environmental phases completed |
| Floor Covering | Vinyl and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $432,120 | 100 % | $1,500 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $432,120 | $1,500 | |
| Vac. / Bad debt | $12,964 | 3 % | $45 |
| EGR | $419,156 | $1,455 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $20,958 | 5 % | $873 |
| Municipal Taxes | Current | $57,628 | 13.7 % | $2,401 |
| School Taxes | Current | $4,275 | 1 % | $178 |
| Insurance | Current | $7,396 | 1.8 % | $308 |
| Electricity | Current | $3,381 | 0.8 % | $141 |
| Heating | ||||
| Snow Removal | Current | $4,855 | 1.2 % | $202 |
| Elevator | ||||
| Lawn | Current | $1,533 | 0.4 % | $64 |
| Structural reserve | ||||
| Janitor | Normalised | $9,600 | 2.3 % | $400 |
| Maintenance | Normalised | $16,800 | 4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $4,192 | 1 % | $175 |
| Total expenses | $130,617 | 31.2 % | $5,442 | |
| Net Revenue | $288,539 | $12,022 |
| Maximum loan amount | $4,918,787 | $5,105,126 |
| Financing CAP | 4.80 % | |
| Debt coverage ratio | 1.1 | |
| Interest Rate | 3.8 % | 4.2 % |
| Amortization | 50 Years | 40 Years |
| Term | 5 Years | 2 Years |
| Net Revenue | $288,539 | $288,539 |
| Annual Mortgage Cost | $223,380 | $276,894 |
| Net cash after mortgage | $65,159 | $11,645 |
| RETURN ON INVESTMENT | ||
| Down Payment | $2,331,213 | $2,144,874 |
| Cash on cash return | 2.8 % | 0.5 % |
| Return on liquidity + capitalization | 5.8 % | 3.0 % |
| Total yearly return with appreciation of 2 % | 12.06 % | 9.8 % |
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