Nine-unit property offering strong optimization potential, comprised of 1 x 5.5, 7 x 4.5, and 1 x 3.5 units. Well maintained over the years, it presents an excellent value-add opportunity. Ideal for investors seeking strategic growth, with access to attractive APH Select financing options.
Close to all essential services
4 km from Route 112
3 km from Highway 10
Windows
Fiberglass balconies
Concrete sidewalk
Exterior cladding (Canexel)
Exterior staircase (2025)
Hot water tanks
The sale is made without legal warranty of quality at the risk and peril of the buyer.
| Cadastral number | 5 664 929 |
| Total Municipal Assessment | 1 016 700 $ |
| Municipal Land Assessment | 207 600 $ |
| Municipal Building Assessment | 809 100 $ |
| Number of Storeys | 2 |
| Year of Construction | Triplex - 1990 | Quadruplex 1946 | Duplex 1942 |
| Fire System | standard smoke detector |
| Type of Parking | Exterior |
| Number of Parking Spaces | 12 spots |
| Land Surface Area | 12 164 sqft |
| Laundry Room | No |
| Number of Rooms | 36 |
| Number of Units | 1 x 5.5 + 7 x 4.5 + 1 x 3.5 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | ABS |
| Condition of Roof | 2016 - Flat roof and asphalt shingles |
| Condition of Doors | Good condition |
| Condition of Balconies | Fiber glass |
| Concierge Agreement | No |
| Intercom and Doorbell | No |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Changed (2016) |
| Condition of Kitchens | Standard |
| Electrical Panels | Circuit breaker and fuse |
| Exterior Siding | Canexel |
| Condition of Bathrooms | Standard |
| Environmental Report | Update required - Phase 1 2016 available |
| Floor Covering | Laminated, ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $101,184 | 100 % | $937 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $101,184 | $937 | |
| Vac. / Bad debt | $3,036 | 3 % | $28 |
| EGR | $98,148 | $909 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,417 | 4.5 % | $491 |
| Municipal Taxes | Current | $16,235 | 16.5 % | $1,804 |
| School Taxes | Current | $649 | 0.7 % | $72 |
| Insurance | Current | $3,512 | 3.6 % | $390 |
| Electricity | Current | |||
| Heating | ||||
| Snow Removal | Current | $851 | 0.9 % | $95 |
| Elevator | ||||
| Lawn | Current | $598 | 0.6 % | $66 |
| Structural reserve | ||||
| Janitor | Normalised | $2,250 | 2.3 % | $250 |
| Maintenance | Normalised | $6,300 | 6.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $981 | 1 % | $109 |
| Pelouse | Current | |||
| Total expenses | $35,793 | 36.5 % | $3,977 | |
| Net Revenue | $62,355 | $6,928 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,188,497 | $722,192 |
| Financing CAP | 4.46 % | 6.48 % |
| Debt coverage ratio | 1.1 | 1.3 |
| Interest Rate | 4.0 % | 4.5 % |
| Amortization | 45 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $62,355 | $62,355 |
| Annual Mortgage Cost | $60,492 | $47,966 |
| Net cash after mortgage | $1,863 | $14,390 |
| RETURN ON INVESTMENT | ||
| Down Payment | $236,503 | $702,808 |
| Cash on cash return | 0.8 % | 2.0 % |
| Return on liquidity + capitalization | 5.2 % | 4.3 % |
| Total yearly return with appreciation of 2 % | 17.22 % | 8.39 % |
To see the detailed rent rolls of this building, you need to be connected.
