A 42-unit building (34 x 4½ + 8 x 3½) offering spacious units ranging from 903 to 1,174 sq. ft. Features an elevator, storage for tenants, and electric vehicle charging stations connected directly to tenants’ meters. 500 m away: school and golf course; 1 km away: grocery store, arena, municipal library, shops, and restaurants; 4 km away: Ski Bromont. A very attractive investment thanks to a favorable mortgage to assume.
Large units ranging from 903 to 1174 sq ft.
Electric vehicle charging stations that connect directly to the tenants' meters.
500m - School, golf course; 1km - Grocery store, arena, municipal library, shops and restaurants; 4km - Ski Bromont.
881 and the garage of 891 has sprinklers. Advantageous mortgage to assume: approximately $11,680,000 at 3.73%, term Dec 2030.
The sale is made without legal warranty of quality, at the buyer's risk and peril.
| Cadastral number | 6 257 263 et 6 257 264 |
| Total Municipal Assessment | 12 286 600 $ |
| Municipal Land Assessment | 1 396 400 $ |
| Municipal Building Assessment | 10 890 200 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2019-2020 |
| Fire System | Smoke detectors |
| Type of Parking | Interior with electric garage door opener / Exterior |
| Number of Parking Spaces | 84 spots |
| Land Surface Area | 72 253 p.c |
| Laundry Room | N/A |
| Number of Rooms | N/A |
| Number of Units | 34 x 4.5 + 8 x 3.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Heat pumps/Air conditioners: Will be replaced in 2026-2027 (MLI Select) Certification of conformity Superior soundproofing | |
| Fenced | Yes, in the rear |
| Internet and Telecom | Yes |
| Plumbing | ABS |
| Condition of Roof | Good condition (2019) |
| Condition of Doors | Sliding patio doors |
| Condition of Balconies | Fiber glass |
| Concierge Agreement | Yes, lives there |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards / Heatpumps |
| Hot Water System | Independent reservoirs |
| Condition of Windows | PVC / Crank (swing) |
| Condition of Kitchens | Excellent / Melamine cabinets / Quartz countertop |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Wood / Stone |
| Condition of Bathrooms | Excellent / Ceramic shower and freestanding bathtub |
| Environmental Report | Yes |
| Floor Covering | Vinyl bonded / Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $907,260 | 100 % | $1,800 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $907,260 | $1,800 | |
| Vac. / Bad debt | $27,218 | 3 % | $54 |
| EGR | $880,042 | $1,746 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $44,002 | 5 % | $1,048 |
| Municipal Taxes | Current | $100,727 | 11.4 % | $2,398 |
| School Taxes | Current | $8,937 | 1 % | $213 |
| Insurance | Current | $25,949 | 2.9 % | $618 |
| Electricity | Current | $12,042 | 1.4 % | $287 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | Current | $2,138 | 0.2 % | $51 |
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $16,800 | 1.9 % | $400 |
| Maintenance | Normalised | $29,400 | 3.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | Estimated | $6,300 | 0.7 % | $150 |
| CHMC: Other Costs | Normalised | $8,800 | 1 % | $210 |
| Télécommunications | Current | $2,669 | 0.3 % | $64 |
| Conteneurs à déchers | Current | $5,280 | 0.6 % | $126 |
| Entretien paysager | ||||
| Sécurité incendie | Current | $3,333 | 0.4 % | $79 |
| Total expenses | $266,378 | 30.3 % | $6,342 | |
| Net Revenue | $613,665 | $14,611 |
| Maximum loan amount | $10,857,579 | $11,700,000 |
| Financing CAP | 4.80 % | |
| Debt coverage ratio | 1.1 | |
| Interest Rate | 4.2 % | 3.73 % |
| Amortization | 40 Years | 40 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $613,665 | $613,665 |
| Annual Mortgage Cost | $592,231 | $481,527 |
| Net cash after mortgage | $21,433 | $132,138 |
| RETURN ON INVESTMENT | ||
| Down Payment | $4,142,421 | $3,300,000 |
| Cash on cash return | 0.5 % | 4.0 % |
| Return on liquidity + capitalization | 3.3 % | 8.5 % |
| Total yearly return with appreciation of 2.5 % | 12.33 % | 19.9 % |
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