Hendrik Lapointe
| Team Hendrik Lapointe
Senior VP
|
Real Estate Broker, CPA | PMML Partner
A superb property in a prime location. This detached 18-unit building—comprising eighteen 4.5-room units—offers excellent potential for optimization. Current rents are well below market rates, several unit upgrades have been carried out, and the building is in very good overall condition. This investment is situated in a sought-after area, close to highways and major roads. A rare, high-quality asset.
Located in the heart of L’Île-Perrot, in an established residential area.
Close to local shops, schools, parks, and services.
Quick access to Boulevard Perrot, Highway 20, and the Galipeault Bridge to Montreal.
Served by the L’Île-Perrot public transit network and the commuter train station.
1 apartment fully renovated (2016)
1 apartment fully renovated (2018)
3 apartments fully renovated (2019)
6 apartments fully renovated (2023)
6 apartments fully renovated (2024)
1 apartment renovated (2026)
The sale is made without legal warranty of quality, at the buyer's risk and peril.
| Cadastral number | 1 575 753 |
| Total Municipal Assessment | 2 298 100 $ |
| Municipal Land Assessment | 497 800 $ |
| Municipal Building Assessment | 1 800 300 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1978 |
| Fire System | Monitored alarm system + inspection |
| Type of Parking | Exterior |
| Number of Parking Spaces | 24 spots |
| Land Surface Area | 24 432 sq. ft. |
| Laundry Room | No |
| Number of Units | 18 x 4.5 |
| Washer/Dryer Inlet | Oui |
| Appliance Responsibility | N/A |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | Copper / PVC (replaced) |
| Condition of Roof | Good condition (2022) |
| Condition of Doors | Good condition (refurbished) |
| Condition of Balconies | Good condition (refurbished in 2016) |
| Concierge Agreement | N/A |
| Intercom and Doorbell | N/A |
| Heating System | Electric baseboard heaters / Convection heaters in the basement workshop |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition (refurbished) |
| Condition of Kitchens | Average / Good |
| Electrical Panels | Electrical room: fuse | Apartments: circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Partially renovated |
| Environmental Report | N/A |
| Floor Covering | Floating |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $226,128 | 99.6 % | $1,047 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | $840 | 0.4 % | $4 |
| Laundry | |||
| Total revenues | $226,968 | $1,051 | |
| Vac. / Bad debt | $9,079 | 4 % | $42 |
| EGR | $217,889 | $1,009 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $10,894 | 5 % | $605 |
| Municipal Taxes | Current | $28,270 | 13 % | $1,571 |
| School Taxes | Current | $1,707 | 0.8 % | $95 |
| Insurance | Current | $11,014 | 5.1 % | $612 |
| Electricity | Current | $2,989 | 1.4 % | $166 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $7,200 | 3.3 % | $400 |
| Maintenance | Normalised | $12,600 | 5.8 % | $700 |
| Appliances | ||||
| WiFi | Current | $1,715 | 0.8 % | $95 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,179 | 1 % | $121 |
| HydroSolution | Current | $3,486 | 1.6 % | $194 |
| Total expenses | $82,054 | 37.7 % | $4,559 | |
| Net Revenue | $135,835 | $7,546 |
| Maximum loan amount | $2,093,658 | $2,474,321 | $2,589,022 | $2,683,117 |
| Financing CAP | 5.51 % | 4.67 % | 4.98 % | 4.81 % |
| Debt coverage ratio | 1.3 | 1.1 | 1.1 | 1.1 |
| Interest Rate | 4.0 % | 4.0 % | 4.0 % | 4.0 % |
| Amortization | 40 Years | 40 Years | 45 Years | 50 Years |
| Term | 5 Years | 5 Years | 5 Years | 5 Years |
| Net Revenue | $135,835 | $135,835 | $135,835 | $135,835 |
| Annual Mortgage Cost | $110,997 | $130,400 | $130,678 | $130,007 |
| Net cash after mortgage | $24,838 | $5,435 | $5,156 | $5,828 |
| RETURN ON INVESTMENT | ||||
| Down Payment | $1,856,342 | $1,475,679 | $1,360,978 | $1,266,883 |
| Cash on cash return | 1.3 % | 0.4 % | 0.4 % | 0.5 % |
| Return on liquidity + capitalization | 2.6 % | 2.2 % | 2.0 % | 1.9 % |
| Total yearly return with appreciation | of 2.75 % 8.44 % | of 3.25 % 10.91 % | of 3.05 % 10.88 % | of 3.15 % 11.72 % |
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