Discover this magnificent 6-unit building, consisting exclusively of spacious 5½-room apartments (approximately 1,200 sq. ft.). Each unit features 3 bedrooms, a private entrance, a wall-mounted heat pump, front and rear concrete balconies, and indoor storage space. The building is of all-brick construction with a steel roof, concrete floors on every level, and windows that have largely been replaced. Heating, electricity, and hot water costs are the responsibility of the tenants. Includes both outdoor and indoor storage space.
Six large 5½-room units (approx. 1,200 sq. ft.) featuring 3 bedrooms and a whirlpool tub.
Concrete floors on every level and a heat pump in each unit.
Private entrance, front and rear concrete balconies, and an outdoor shed with 6 storage compartments.
Windows replaced around 2016; 11 out of 12 patio doors replaced between 2024 and 2025.
Windows replaced (~2016)
Patio doors progressively replaced (until 2025)
Heat pumps added
The sale is made without any legal warranty, at the Buyer's own risk.
A file currently at the TAL for the 981.
| Cadastral number | 1 136 917 |
| Total Municipal Assessment | 799 200 $ |
| Municipal Land Assessment | 239 300 $ |
| Municipal Building Assessment | 559 900 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick, wood, and concrete |
| Year of Construction | 1989 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor / Asphalt |
| Number of Parking Spaces | 9 |
| Land Surface Area | 12 328 sq ft |
| Laundry Room | No |
| Number of Rooms | 36 |
| Number of Units | 6 x 5.5 |
| Washer/Dryer Inlet | Yes in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Internet and Telecom | N/A |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Steel roof |
| Condition of Doors | Patio doors mostly replaced (10/12) |
| Condition of Balconies | Concrete balconies (front and back) |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Independent entrances |
| Heating System | Electric baseboards + heat pumps |
| Hot Water System | Independent tanks |
| Condition of Windows | Replaced ~2016 |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition, with whirlpool tub and shower. |
| Environmental Report | N/A |
| Floor Covering | Wood, floating, vinyl, and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $87,288 | 100 % | $1,212 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $87,288 | $1,212 | |
| Vac. / Bad debt | $2,619 | 3 % | $36 |
| EGR | $84,669 | $1,176 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,810 | 4.5 % | $635 |
| Municipal Taxes | Current | $9,391 | 11.1 % | $1,565 |
| School Taxes | Current | $568 | 0.7 % | $95 |
| Insurance | Current | $2,132 | 2.5 % | $355 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.8 % | $250 |
| Maintenance | Normalised | $4,200 | 5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $847 | 1 % | $141 |
| Total expenses | $22,448 | 26.5 % | $3,741 | |
| Net Revenue | $62,222 | $10,370 |
| Maximum loan amount | $1,092,985 | $738,303 |
| Financing CAP | 4.84 % | 6.32 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.65 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $62,222 | $62,222 |
| Annual Mortgage Cost | $60,062 | $49,777 |
| Net cash after mortgage | $2,160 | $12,444 |
| RETURN ON INVESTMENT | ||
| Down Payment | $306,015 | $660,697 |
| Cash on cash return | 0.7 % | 1.9 % |
| Return on liquidity + capitalization | 4.4 % | 4.3 % |
| Total yearly return with appreciation of 2 % | 13.57 % | 8.56 % |
To see the detailed rent rolls of this building, you need to be connected.