Very rare opportunity to acquire a magnificent 6-unit building (2 x 5½ and 4 x 4½) in Mont-Saint-Hilaire in a nice, recent, homogeneous, and sought-after neighbourhood, within walking distance of Mont-Saint-Hilaire train station and Parc de la Gare. The two top-floor units each have very high ceilings and a mezzanine.
Diverse rental options: 2 x 5½ and 4 x 4½
Steps from the Mont-Saint-Hilaire train station
New and highly sought-after area
The sale is made without legal warranty of quality, at the buyer's risk and peril.
The 6 units are divided condos
There is a co-ownership syndicate
The building is equipped with four air conditioning units
Mezzanines are counted as one room.
| Cadastral number | 3 934 138, 3 967 092, 3 934 139 et autres |
| Total Municipal Assessment | $ 1 892 600 |
| Municipal Land Assessment | 0 |
| Municipal Building Assessment | $ 1 892 600 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2007 |
| The 6 units are divided condos There is a co-ownership syndicate | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 9 parkings |
| Land Surface Area | 13 947 sq.ft |
| Laundry Room | No |
| Number of Rooms | 26 |
| Number of Units | 4 X 4.5 + 2 x 5.5 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| The 6 units are divided condos There is a co-ownership syndicate Mezzanines are counted as one room | |
| Internet and Telecom | To be verified |
| Plumbing | Copper, PEX, ABS |
| Condition of Roof | Shingles |
| Condition of Doors | Generally in good condition |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric |
| Hot Water System | Independent tanks |
| Condition of Windows | Vinyl |
| Condition of Kitchens | Generally in good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and other materials |
| Condition of Bathrooms | Generally in good condition |
| Environmental Report | Yes |
| Floor Covering | Various |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $121,224 | 100 % | $1,684 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $121,224 | $1,684 | |
| Vac. / Bad debt | $3,637 | 3 % | $51 |
| EGR | $117,587 | $1,633 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $5,291 | 4.5 % | $882 |
| Municipal Taxes | Current | $14,499 | 12.3 % | $2,417 |
| School Taxes | Current | $1,195 | 1 % | $199 |
| Insurance | Current | $2,770 | 2.4 % | $462 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,316 | 1.1 % | $219 |
| Elevator | Current | |||
| Lawn | Current | $625 | 0.5 % | $104 |
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.3 % | $250 |
| Maintenance | Normalised | $4,200 | 3.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,176 | 1 % | $196 |
| Air Conditioning | Estimated | $600 | 0.5 % | $100 |
| Total expenses | $33,172 | 28.2 % | $5,529 | |
| Net Revenue | $84,415 | $14,069 |
| schl | |
|---|---|
| Maximum loan amount | $1,537,673 |
| Financing CAP | 4.67 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.0 % |
| Amortization | 40 Years |
| Term | 5 Years |
| schl | |
|---|---|
| Net Revenue | $84,415 |
| Annual Mortgage Cost | $81,467 |
| Net cash after mortgage | $2,948 |
| RETURN ON INVESTMENT | |
| Down Payment | $627,327 |
| Cash on cash return | 0.5 % |
| Return on liquidity + capitalization | 3.2 % |
| Total yearly return with appreciation of 3 % | 13.54 % |
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