6-unit building, all consisting of 4½ apartments. The current owner has renovated 2 units, while the remaining 4 are original, mostly in very good condition and well maintained over the years. Energy costs are paid by the tenants, who benefit from approximately 865 sq. ft. of living space, as well as at least one parking space per unit included in their lease. Ideal for a buyer seeking a quality asset requiring minimal capital investment, while still offering 50% of the units with strong optimization potential.
Two staircases (front and rear of the building).
8 parking spaces, with the possibility of a 9th.
Neighborhood with all services nearby (close to Carrefour Laplante).
Average rent of approximately $1,485 for optimized units and $869 for non-optimized units (3).
New roof (2026) with a transferable warranty.
The majority of the front-facing windows, as well as three patio doors, have been replaced.
Updates made in compliance with fire department requirements
Work completed on the façade and spandrels
Hot water tanks replaced in 2021 (contract with HydroSolution – 5 years)
New heat pumps installed in the units
Parking lot redone
Sealing (caulking) of doors and windows completed
The sale is made without legal warranty of quality, at the buyer’s own risk.
| Cadastral number | 4 041 928 |
| Total Municipal Assessment | 808 400 $ |
| Municipal Land Assessment | 272 700 $ |
| Municipal Building Assessment | 535 700 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1986 |
| Fire System | Smoke detectors. |
| Type of Parking | Exterior |
| Number of Parking Spaces | 9 (Exterior) |
| Land Surface Area | 9318 pi2 |
| Laundry Room | No |
| Washer/Dryer Inlet | Yes, in each unit. |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | 100% copper and PEX, no rust |
| Condition of Roof | 2026 |
| Condition of Doors | 75% replaced, in good condition |
| Condition of Balconies | Original (steel, in good condition) |
| Concierge Agreement | To be verified |
| Intercom and Doorbell | No |
| Hot Water System | Independent tanks |
| Condition of Windows | 75% replaced, in good condition |
| Condition of Kitchens | Renovated and standard |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Renovated and standard |
| Environmental Report | N/A |
| Floor Covering | Vinyl and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $85,524 | 100 % | $1,188 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $85,524 | $1,188 | |
| Vac. / Bad debt | $2,566 | 3 % | $36 |
| EGR | $82,958 | $1,152 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,733 | 4.5 % | $622 |
| Municipal Taxes | Current | $9,562 | 11.5 % | $1,594 |
| School Taxes | Current | $582 | 0.7 % | $97 |
| Insurance | Current | $4,956 | 6 % | $826 |
| Electricity | Current | $621 | 0.7 % | $103 |
| Heating | ||||
| Snow Removal | Current | $1,012 | 1.2 % | $169 |
| Elevator | ||||
| Lawn | Current | $707 | 0.9 % | $118 |
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.8 % | $250 |
| Maintenance | Normalised | $4,200 | 5.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | Current | $950 | 1.1 % | $158 |
| CHMC: Other Costs | Normalised | $830 | 1 % | $138 |
| Total expenses | $28,652 | 34.5 % | $4,775 | |
| Net Revenue | $54,307 | $9,051 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $989,234 | $716,950 |
| Financing CAP | 4.67 % | 5.68 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.0 % | 4.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $54,307 | $54,307 |
| Annual Mortgage Cost | $51,315 | $45,256 |
| Net cash after mortgage | $2,991 | $9,051 |
| RETURN ON INVESTMENT | ||
| Down Payment | $509,766 | $782,050 |
| Cash on cash return | 0.6 % | 1.2 % |
| Return on liquidity + capitalization | 2.7 % | 3.3 % |
| Total yearly return with appreciation of 2 % | 8.57 % | 7.18 % |
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