This property presents an excellent investment opportunity for buyers seeking a well-maintained asset built in the 2000s. This four-sided brick building features six spacious 2-bedroom apartments (4½), all located above ground, offering generous living spaces.
Each unit features a functional layout and includes desirable amenities such as a natural gas fireplace, an air exchanger, and a full bathroom with a separate bathtub and shower.
For more information on this property, contact us today.
Each units above ground
6 x 4 ½
Spacious units
Air exchanger
Gas fireplace
Washer and dryer connections in every unit
Roof done 6 years ago
Property built in 2005
Four-sided brick building
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 3 616 880 |
| Total Municipal Assessment | 1 235 800 $ (2023) |
| Municipal Land Assessment | 299 800 $ (2023) |
| Municipal Building Assessment | 936 000 $ (2023) |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2005 |
| Fire System | Smoke detector |
| Type of Parking | Exterior |
| Number of Parking Spaces | 12 parking spots |
| Land Surface Area | To be verified |
| Laundry Room | No |
| Number of Rooms | To be verified |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes in each units |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| This sale is made without legal warranty of quality, at the buyer’s risk. | |
| Fenced | Partly fenced |
| Internet and Telecom | Yes |
| Plumbing | Excellent |
| Condition of Roof | 2020 |
| Condition of Doors | Good |
| Condition of Balconies | Excellent |
| Concierge Agreement | To be verified |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboard and gas fireplace |
| Hot Water System | Independant water heater |
| Condition of Windows | Good |
| Condition of Kitchens | Good |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good |
| Environmental Report | No |
| Floor Covering | Floating floors and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $79,980 | 100 % | $1,111 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $79,980 | $1,111 | |
| Vac. / Bad debt | $2,399 | 3 % | $33 |
| EGR | $77,581 | $1,078 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,491 | 4.5 % | $582 |
| Municipal Taxes | Current | $12,574 | 16.2 % | $2,096 |
| School Taxes | Current | $893 | 1.2 % | $149 |
| Insurance | Current | $2,407 | 3.1 % | $401 |
| Electricity | Current | $440 | 0.6 % | $73 |
| Heating | ||||
| Snow Removal | Current | $1,812 | 2.3 % | $302 |
| Elevator | ||||
| Lawn | Current | $1,023 | 1.3 % | $171 |
| Structural reserve | ||||
| Janitor | Current | $1,200 | 1.5 % | $200 |
| Maintenance | Normalised | $4,200 | 5.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $776 | 1 % | $129 |
| Total expenses | $28,816 | 37.1 % | $4,803 | |
| Net Revenue | $48,765 | $8,127 |
| Maximum loan amount | $888,280 |
| Financing CAP | 4.67 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.0 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $48,765 |
| Annual Mortgage Cost | $47,081 |
| Net cash after mortgage | $1,684 |
| RETURN ON INVESTMENT | |
| Down Payment | $661,720 |
| Cash on cash return | 0.3 % |
| Return on liquidity + capitalization | 1.7 % |
| Total yearly return with appreciation of 2 % | 6.43 % |
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