Magnificent building constructed in 2025, comprising 10 residential units, located on Étourneaux Street in La Baie. Each 4½ apartment offers a well-designed open-concept layout, modern finishes, and exterior storage spaces. Situated in a quiet neighborhood, close to La Baie. This is a unique opportunity to add a turnkey property to your portfolio.
Spacious, well-designed, and bright units
Located in a quiet area
Outdoor storage spaces for tenants
Large parking area
This is a brand-new 2025 construction with a modern, up-to-date design.
Concrete floor on the ground floor and heated upper floor. Concrete wall between rental units.
The SELLER gives no legal guarantee of quality to the BUYER with regard to its own liability, and the BUYER acquires the PROPERTY at its own risk in this regard. However, the legal warranty of quality is expressly limited to the rights and remedies available to the SELLER against the contractor, subcontractors, professionals, or any other person involved in the design or construction of the PROPERTY, in accordance with articles 2118 et seq. of the Civil Code of Québec.
| Cadastral number | 6 417 439 |
| Total Municipal Assessment | Not issued |
| Municipal Land Assessment | Not issued |
| Municipal Building Assessment | Not issued |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Wood |
| Year of Construction | 2025 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 20 spaces |
| Land Surface Area | 24 850 p.c. |
| Laundry Room | N/A |
| Washer/Dryer Inlet | Yes, in each unit |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | PEX/ABS |
| Condition of Roof | Asphalt shingles |
| Condition of Doors | New |
| Condition of Balconies | Wood |
| Concierge Agreement | No (Each unit has its own entrance) |
| Intercom and Doorbell | no |
| Heating System | Electric (underfloor heating in each room) |
| Hot Water System | Electric water heater dedicated to each unit |
| Condition of Windows | New |
| Condition of Kitchens | New |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Canexel |
| Condition of Bathrooms | New |
| Environmental Report | Yes, for the beginning of the project (Phase 1) |
| Floor Covering | Water-resistant vinyl and underfloor heating compatible |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $201,300 | 100 % | $1,678 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $201,300 | $1,678 | |
| Vac. / Bad debt | $6,039 | 3 % | $50 |
| EGR | $195,261 | $1,627 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $8,787 | 4.5 % | $879 |
| Municipal Taxes | Current | $2,925 | 1.5 % | $293 |
| School Taxes | Current | $137 | 0.1 % | $14 |
| Insurance | Current | $1,119 | 0.6 % | $112 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $2,414 | 1.2 % | $241 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,500 | 1.3 % | $250 |
| Maintenance | Normalised | $7,000 | 3.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,953 | 1 % | $195 |
| ORDURE | Current | $240 | 0.1 % | $24 |
| Total expenses | $27,074 | 13.9 % | $2,707 | |
| Net Revenue | $168,187 | $16,819 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,020,121 | $1,927,845 |
| Financing CAP | 7.08 % | 6.54 % |
| Debt coverage ratio | 1.3 | 1.25 |
| Interest Rate | 5.0 % | 5.0 % |
| Amortization | 30 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $168,187 | $168,187 |
| Annual Mortgage Cost | $137,039 | $134,549 |
| Net cash after mortgage | $31,148 | $33,637 |
| RETURN ON INVESTMENT | ||
| Down Payment | $579,879 | $672,155 |
| Cash on cash return | 5.4 % | 5.0 % |
| Return on liquidity + capitalization | 10.9 % | 11.0 % |
| Total yearly return with appreciation of 2 % | 19.83 % | 18.7 % |
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