Beautiful 6-unit asset consisting of 5 x 4.5 and 1 x 3.5 on 3 floors above ground with energy expenses paid by tenants. The building had foundations piles added in 2020 and has had expenses to ensure its good maintenance, some rooms have been notably renovated. The area has strong rental demand thanks to major roads and a metro station, so there's plenty of potential to exploit. The property also features two vacant units, ready to be leased by the future buyer.
Each unit has its own storage space.
L.H.-Lafontaine Tunnel/Highway 25 is minutes from the property.
Honoré-Beaugrand metro station also a few minutes away.
Foundations pile redone on both side.
Wifi furnished.
Pile stabilization work required, around $20,000 + taxes (quote from February 2026).
The sale is made without legal warranty of quality to the risks and perils of the buyer.
| Cadastral number | 2 243 239 |
| Total Municipal Assessment | $ 848 000 |
| Municipal Land Assessment | $ 358 600 |
| Municipal Building Assessment | $ 489 400 |
| Number of Storeys | 3 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1965 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 8 Spaces |
| Land Surface Area | 4 679 sqft. |
| Laundry Room | N/A |
| Washer/Dryer Inlet | Yes, in each unit. |
| Appliance Responsibility | Owner except appartment #2 |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | Copper/Pex |
| Condition of Roof | Tar and gravel 2016/2017 |
| Condition of Doors | Aliminum glass / Steel |
| Condition of Balconies | Standard / To be changed |
| Concierge Agreement | Yes, verbal agreement with tenant of #5 - Cleaning of common areas for $60 |
| Intercom and Doorbell | N/A |
| Heating System | Electric baseboards |
| Hot Water System | Independent tank 6 x 40 gallons |
| Condition of Windows | Aliminum / To be redone |
| Condition of Kitchens | Some renovations |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Some renovations |
| Environmental Report | N/A |
| Floor Covering | Hardwood / ceramic / tile / floating |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $81,516 | 100 % | $1,132 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $81,516 | $1,132 | |
| Vac. / Bad debt | $3,464 | 4 % | $48 |
| EGR | $78,052 | $1,084 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Real | $3,122 | 4 % | $520 |
| Municipal Taxes | Current | $5,510 | 7.1 % | $918 |
| School Taxes | Current | $653 | 0.8 % | $109 |
| Insurance | Current | $4,486 | 5.7 % | $748 |
| Electricity | Current | $340 | 0.4 % | $57 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.9 % | $250 |
| Maintenance | Normalised | $4,200 | 5.4 % | $700 |
| Appliances | Current | $1,200 | 1.5 % | $200 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $781 | 1 % | $130 |
| Internet | Current | $780 | 1 % | $130 |
| Total expenses | $22,572 | 28.9 % | $3,762 | |
| Net Revenue | $55,480 | $9,247 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $967,597 | $682,336 |
| Financing CAP | 4.87 % | 6.10 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.3 % | 4.7 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $55,480 | $55,480 |
| Annual Mortgage Cost | $53,686 | $46,233 |
| Net cash after mortgage | $1,794 | $9,247 |
| RETURN ON INVESTMENT | ||
| Down Payment | $207,403 | $492,664 |
| Cash on cash return | 0.9 % | 1.9 % |
| Return on liquidity + capitalization | 5.7 % | 4.9 % |
| Total yearly return with appreciation of 2 % | 17.01 % | 9.65 % |
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