Superb 8-unit building of 4½ type offering spacious units of approximately 1,000 sq. ft. Built with durable materials, it stands out with its steel roof, hardwood and ceramic floors, and numerous storage spaces. Five units are equipped with a wall-mounted heat pump. Each tenant also benefits from an indoor locker and a space in the outdoor shed. An excellent investment opportunity.
Building comprising eight large 4½-room units, designed with a functional and highly sought-after layout.
Construction 2000
Steel roof and hardwood and ceramic finishes.
5 units are equipped with air conditioning.
Indoor locker for each unit and outdoor shed with 8 storage spaces.
The sale is made without any legal warranty, at the Buyer's own risk.
| Cadastral number | 2 336 634 |
| Total Municipal Assessment | 1 122 500 $ |
| Municipal Land Assessment | 383 900 $ |
| Municipal Building Assessment | 738 600 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Wood, brick, and concrete |
| Year of Construction | 2000 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 10 |
| Land Surface Area | 15 307 sq ft |
| Laundry Room | N/A |
| Number of Rooms | 32 |
| Number of Units | 8 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Internet and Telecom | N/A |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Steel |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Secure entrance |
| Heating System | Electric baseboards, air conditioning 5/8 |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and metal siding |
| Condition of Bathrooms | Good condition |
| Environmental Report | At the buyers expense |
| Floor Covering | Parquetry, floating, and vinyl according to units |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $94,020 | 100 % | $979 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $94,020 | $979 | |
| Vac. / Bad debt | $2,821 | 3 % | $29 |
| EGR | $91,199 | $950 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,104 | 4.5 % | $513 |
| Municipal Taxes | Current | $12,999 | 14.3 % | $1,625 |
| School Taxes | Current | $803 | 0.9 % | $100 |
| Insurance | Current | $2,469 | 2.7 % | $309 |
| Electricity | Current | $460 | 0.5 % | $58 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.2 % | $250 |
| Maintenance | Normalised | $5,600 | 6.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $912 | 1 % | $114 |
| Total expenses | $29,347 | 32.2 % | $3,668 | |
| Net Revenue | $61,852 | $7,732 |
| Maximum loan amount | $1,086,501 | $733,925 |
| Financing CAP | 4.84 % | 6.32 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.65 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $61,852 | $61,852 |
| Annual Mortgage Cost | $59,722 | $49,482 |
| Net cash after mortgage | $2,131 | $12,370 |
| RETURN ON INVESTMENT | ||
| Down Payment | $488,499 | $841,075 |
| Cash on cash return | 0.4 % | 1.5 % |
| Return on liquidity + capitalization | 2.8 % | 3.4 % |
| Total yearly return with appreciation of 2 % | 9.2 % | 7.12 % |
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