Attractively priced in one of the most vibrant and sought-after neighbourhoods, benefiting from strong rental demand and long-term investment appeal.
Significant value-add opportunity with substantial rental upside. four 3 1/2s rented at approximately $445–$560 and two 3 1/2s at $880–$890 per month, representing an estimated 50% discount to current market rents.
Prime location within walking distance of métro Jarry and Jean-Talon métro stations, Jean-Talon Market, Jarry Park, as well as a wide range of shops, cafés, restaurants, schools, and everyday amenities.
Walk Score: 93 | Transit Score: 79 | Bike Score: 84
The ground-floor unit enjoys exclusive access to a backyard.
5-minute walk to métro Jarry and 10-minute walk to métro Jean-Talon.
Two tenant departures in July, great opportunity to bring rents to market levels.
The sale is made without any legal warranty of quality, at buyer's risk.
Gross revenues include estimated leasing values for the two vacant units at about $28,000 per year.
| Cadastral number | 3 455 476 |
| Total Municipal Assessment | $878 500 |
| Municipal Land Assessment | $358 000 |
| Municipal Building Assessment | $520 500 |
| Number of Storeys | 3 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1924 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | N/A |
| Land Surface Area | 1,927 sq. ft. |
| Laundry Room | No |
| Number of Rooms | 18 |
| Number of Units | 6 x 3.5 |
| Washer/Dryer Inlet | To be verified |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | N/A |
| Internet and Telecom | Yes |
| Plumbing | To be verified |
| Condition of Roof | Bitumen and gravel |
| Condition of Doors | Good condition |
| Condition of Balconies | To be verified |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbells |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | No |
| Floor Covering | Wood, ceramic and linoleum |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $59,400 | 100 % | $825 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $59,400 | $825 | |
| Vac. / Bad debt | $1,782 | 3 % | $25 |
| EGR | $57,618 | $800 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,593 | 4.5 % | $432 |
| Municipal Taxes | Current | $5,543 | 9.6 % | $924 |
| School Taxes | Current | $643 | 1.1 % | $107 |
| Insurance | Current | $4,050 | 7 % | $675 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.6 % | $250 |
| Maintenance | Normalised | $4,200 | 7.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $576 | 1 % | $96 |
| Total expenses | $19,105 | 33.2 % | $3,184 | |
| Net Revenue | $38,513 | $6,419 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $666,903 | $448,011 |
| Financing CAP | 4.91 % | 6.45 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.35 % | 4.85 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $38,513 | $38,513 |
| Annual Mortgage Cost | $37,282 | $30,810 |
| Net cash after mortgage | $1,231 | $7,703 |
| RETURN ON INVESTMENT | ||
| Down Payment | $308,097 | $526,989 |
| Cash on cash return | 0.4 % | 1.5 % |
| Return on liquidity + capitalization | 2.6 % | 3.3 % |
| Total yearly return with appreciation of 2 % | 8.94 % | 6.97 % |
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