Two buildings with a total of 7 apartments in the heart of Sainte-Thérèse, close to grocery stores, parks and schools. A key location that makes it easy to rent the apartments. These buildings are ideal for investors who want to buy a stabilized property with great potential for increased income. Contact me for more information!
Property income will rise to $69,720 by July 2024.
The vacant unit has been partially renovated and left vacant for future buyers.
Roof of 5 plex changed, basement apartment 8A of 5 plex completely redone, balcony and exterior staircase of duplex changed, water inlet changed for both buildings.
The SELLER does not give any (legal warranty of quality to the buyer, [...]. (see broker for complete clause)
Full address: 8B - 8C and 8 - 14 Rue Nantel, Sainte-Thérèse, QC J7E 2G7
| Cadastral number | 1 905 578 et 1 905 577, |
| Total Municipal Assessment | 910 900 $ |
| Municipal Land Assessment | 311 400$ |
| Municipal Building Assessment | 599 500$ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1956 |
| Fire System | N/A |
| Type of Parking | Extérieur |
| Number of Parking Spaces | 9 |
| Land Surface Area | 8999 pi2 |
| Laundry Room | No |
| Washer/Dryer Inlet | Yes / tenants |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | Mix |
| Condition of Roof | 2 Ans |
| Condition of Doors | Good shape |
| Condition of Balconies | Good shape |
| Concierge Agreement | No |
| Intercom and Doorbell | Ringbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent electric tanks |
| Condition of Windows | Good shape |
| Condition of Kitchens | Good shape |
| Electrical Panels | Disjoncteur |
| Exterior Siding | Brick and Aluminium |
| Condition of Bathrooms | Good shape |
| Environmental Report | No |
| Floor Covering | Good shape |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $69,720 | 100 % | $830 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $69,720 | $830 | |
| Vac. / Bad debt | $1,394 | 2 % | $17 |
| EGR | $68,326 | $813 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,075 | 4.5 % | $439 |
| Municipal Taxes | Current | $10,846 | 15.9 % | $1,549 |
| School Taxes | Current | $394 | 0.6 % | $56 |
| Insurance | Current | $3,255 | 4.8 % | $465 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $885 | 1.3 % | $126 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,750 | 2.6 % | $250 |
| Maintenance | Normalised | $4,900 | 7.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $683 | 1 % | $98 |
| Total expenses | $25,788 | 37.7 % | $3,684 | |
| Net Revenue | $42,538 | $6,077 |
| Maximum loan amount | $573,433 |
| Financing CAP | 4.00 % |
| Debt coverage ratio | 1.3 |
| Interest Rate | 4.0 % |
| Amortization | 30 Years |
| Term | 5 Years |
| Net Revenue | $42,538 |
| Annual Mortgage Cost | $33,714 |
| Net cash after mortgage | $8,824 |
| RETURN ON INVESTMENT | |
| Down Payment | $391,567 |
| Cash on cash return | 2.3 % |
| Return on liquidity + capitalization | 4.9 % |
| Total yearly return with appreciation of 2 % | 9.85 % |
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