Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Jessika Anne Ledingham
| Team Samuel & Jessika
Senior VP
|
Real Estate Broker | PMML Partner
6 stable and reliable units ensuring excellent income consistency.
Located on De Lorimier Street, between Jarry and Jean-Talon metro stations, the building benefits from an exceptional location. The area is easily accessible by public transit and highly appreciated by tenants for its proximity to local shops and restaurants. An ideal opportunity for an investor looking to acquire a profitable, well-located, and hassle-free income property in a sector where rental demand remains consistently strong.
Parks: Near Jarry Park and Villeray Park.
Shops: Within walking distance of cafés, restaurants, and essential services.
Road Access: Easy access to Highway 40 and main city arteries.
Transit: Just steps from Jarry and Jean-Talon metro stations.
The units were renovated in 2021 and 2022 (approximate).
The sale is made without legal warranty of quality to the risks and perils of the buyer
| Cadastral number | 2 166 169 |
| Total Municipal Assessment | 1 327 500 $ |
| Municipal Land Assessment | 286 900 $ |
| Municipal Building Assessment | 1 040 600 $ |
| Number of Storeys | 3 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and Wood |
| Year of Construction | 1957 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 4 spaces |
| Land Surface Area | 3,703 sq. ft. |
| Laundry Room | N/A |
| Washer/Dryer Inlet | In each units |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| - Four appliances included: stove, refrigerator, washer, dryer. | |
| Plumbing | Good condition |
| Condition of Roof | Good condition |
| Condition of Doors | Renovated |
| Condition of Balconies | Renovated |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric Baseboards |
| Hot Water System | Independant tanks |
| Condition of Windows | Renovated |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | N/A |
| Floor Covering | To be verified |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $102,360 | 100 % | $1,422 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $102,360 | $1,422 | |
| Vac. / Bad debt | $3,071 | 3 % | $43 |
| EGR | $99,289 | $1,379 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,468 | 4.5 % | $745 |
| Municipal Taxes | Current | $7,936 | 8 % | $1,323 |
| School Taxes | Current | $995 | 1 % | $166 |
| Insurance | Current | $3,193 | 3.2 % | $532 |
| Electricity | Current | $590 | 0.6 % | $98 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.5 % | $250 |
| Maintenance | Normalised | $4,200 | 4.2 % | $700 |
| Appliances | Estimated | $1,200 | 1.2 % | $200 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $993 | 1 % | $165 |
| Wifiplex | Current | $1,587 | 1.6 % | $265 |
| Total expenses | $26,662 | 26.9 % | $4,444 | |
| Net Revenue | $72,627 | $12,105 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,344,583 | $876,594 |
| Financing CAP | 4.59 % | 6.21 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 3.89 % | 4.89 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $72,627 | $72,627 |
| Annual Mortgage Cost | $69,601 | $60,523 |
| Net cash after mortgage | $3,026 | $12,105 |
| RETURN ON INVESTMENT | ||
| Down Payment | $405,417 | $873,406 |
| Cash on cash return | 0.7 % | 1.4 % |
| Return on liquidity + capitalization | 4.5 % | 3.5 % |
| Total yearly return with appreciation of 2 % | 13.12 % | 7.51 % |
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