Located in a strategic area of Trois-Rivières, this 7-unit apartment building represents an excellent investment opportunity. The building enjoys a sought-after location, close to major amenities, major roads, and employment hubs, offering potential for long-term stability and appreciation. This is an opportunity worth considering for any investor looking to acquire a high-quality asset in a dynamic market.
Translated with DeepL.com (free version)
Strategic location
Excellent investment potential
Close to amenities and major highways
The sale is made without any legal warranty of quality, at the buyer's own risk.
The seller wants to prioritize a simultaneous sale with the 1100 Sainte-Julie
| Cadastral number | 1 209 034 |
| Total Municipal Assessment | 551 000$ |
| Municipal Land Assessment | 43 900 $ |
| Municipal Building Assessment | 507 100 $ |
| Number of Storeys | 3 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and Wood |
| Year of Construction | 1941 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 4 (small cars) or 3 mid size, at the back |
| Land Surface Area | 3 502 sq.ft |
| Laundry Room | No |
| Number of Rooms | 1 x 4.5 + 6 x 3.5 |
| Number of Units | 7 unites |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes |
| Internet and Telecom | Non |
| Plumbing | Copper, PEX, ABS |
| Condition of Roof | Good Condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | To be verified |
| Intercom and Doorbell | No |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good Condition |
| Environmental Report | Update to be done |
| Floor Covering | Mixed |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $55,992 | 100 % | $667 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $55,992 | $667 | |
| Vac. / Bad debt | $1,680 | 3 % | $20 |
| EGR | $54,312 | $647 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,444 | 4.5 % | $349 |
| Municipal Taxes | Current | $8,063 | 14.8 % | $1,152 |
| School Taxes | Current | $365 | 0.7 % | $52 |
| Insurance | Estimated | $3,207 | 5.9 % | $458 |
| Electricity | Current | $201 | 0.4 % | $29 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,750 | 3.2 % | $250 |
| Maintenance | Normalised | $4,900 | 9 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $543 | 1 % | $78 |
| Total expenses | $21,473 | 39.5 % | $3,068 | |
| Net Revenue | $32,839 | $4,691 |
| Maximum loan amount | $625,915 | $412,033 |
| Financing CAP | 4.98 % | 5.98 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.0 % | 4.5 % |
| Amortization | 45 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $32,839 | $32,839 |
| Annual Mortgage Cost | $31,611 | $27,366 |
| Net cash after mortgage | $1,228 | $5,473 |
| RETURN ON INVESTMENT | ||
| Down Payment | $439,085 | $652,967 |
| Cash on cash return | 0.3 % | 0.8 % |
| Return on liquidity + capitalization | 1.5 % | 2.2 % |
| Total yearly return with appreciation of 3 % | 8.79 % | 7.14 % |
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