Fanny Rooseboom
| Team Fanny Rooseboom et Cidrik Gagné
Executive VP
|
Real Estate Broker
Louis-et-Joseph-Richard multi-residential complex of 10 "Boomtown" style units. Completely rebuilt in 1988. Excellent condition inside and out. Very large landscaped (6554 sf) lot offering great potential. Energy costs are paid by the tenants. An iconic building in St-Henri, steps from the Lachine Canal. A 7-minute walk to Place-Saint-Henri metro station. Walk Score 98. Cap rate: 4.98%
Prime location, only 7 minutes from the "Place-Saint-Henri" subway station
A few minutes from the Lachine Canal
A few minutes from Atwater Market
Completely rebuilt in 1988 (Plumbing, electricity and building elements).
Plumbing, electricity, windows and doors changed (in 1988).
Restauration in 2007. More than 90 000$ of work done. (Winner of the 2008 Heritage Merit Award)
Roofing of Sainte-Marguerite (2022).
Several projects carried out since 2021.
The SELLER does not give any legal warranty of quality to the buyer, [...]. (see broker for complete clause)
Eligible for CMHC's APH Select program
Eligible for a grant for the restoration of buildings of heritage value (40%).
Total: 10 units
4 unis: 80-86 Rue Sainte-Marguerite, Montréal, H4C 2W4
6 units: 4351-4363 Rue Saint-Ambroise, Montréal, H4C 2E5
| Cadastral number | 1 573 960 |
| Total Municipal Assessment | 1 825 200 $ |
| Municipal Land Assessment | 1 066 700 $ |
| Municipal Building Assessment | 758 500 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Wood |
| Year of Construction | Around 1890 (Original construction) |
| Completely rebuilt in 1988 | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 1 |
| Land Surface Area | 7 654 sf |
| Laundry Room | No |
| Number of Rooms | 2 x 4.5 + 8 x 3.5 |
| Number of Units | 10 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| The sellers does not give legal warranty of quality (see realtor for complete clause). | |
| Fenced | Yes |
| Internet and Telecom | N/A |
| Plumbing | Copper and pex |
| Condition of Roof | 2008 (repairs in 2025) and 2022 |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbells |
| Heating System | Electrical baseboards |
| Hot Water System | Individual tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Wood |
| Condition of Bathrooms | Good condition |
| Environmental Report | 2008 |
| Floor Covering | Cherry wood |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $204,000 | 100 % | $1,700 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $204,000 | $1,700 | |
| Vac. / Bad debt | $6,120 | 3 % | $51 |
| EGR | $197,880 | $1,649 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $8,905 | 4.5 % | $890 |
| Municipal Taxes | Current | $11,460 | 5.8 % | $1,146 |
| School Taxes | Current | $1,429 | 0.7 % | $143 |
| Insurance | Current | $4,493 | 2.3 % | $449 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,500 | 1.3 % | $250 |
| Maintenance | Normalised | $7,000 | 3.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,979 | 1 % | $198 |
| Total expenses | $37,765 | 19.1 % | $3,777 | |
| Net Revenue | $160,115 | $16,011 |
| Maximum loan amount | $2,762,500 |
| Financing CAP | 4.67 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.0 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $160,115 |
| Annual Mortgage Cost | $146,353 |
| Net cash after mortgage | $13,761 |
| RETURN ON INVESTMENT | |
| Down Payment | $487,500 |
| Cash on cash return | 2.8 % |
| Return on liquidity + capitalization | 9.1 % |
| Total yearly return with appreciation of 2 % | 22.43 % |
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