A turnkey residential real estate project located in the sought-after Sainte-Rose area of Laval, offering an excellent long-term investment opportunity. The project comprises modern rental units (3 x 5.5 + 9 x 4.5 + 21 x 3.5) designed to meet the area's strong rental demand. The building is distinguished by its contemporary architecture, quality construction, and strategic location close to services, major roads, and public transportation. Le Rose Laval represents a stable, attractive, and income-generating asset, ideal for an investor looking to acquire a complete building in a growing market.
Across from L'Équinoxe school and several other schools within a 2km radius.
10 minutes from Costco and Carrefour Laval.
Area primarily single-family homes, therefore far from direct competitors.
Sustained price growth and market activity.
The seller will self-assess the property taxes, so there are no taxes to pay for the buyer.
Sold fully leased.
The seller will arrange financing, which must be assumed by the buyer. Financing amounts and terms are approximate and subject to change. The amount assumed includes the CMHC premium.
Option to purchase the two adjacent projects (building E and F) for a total of 87 units (2 x 27 units + 1 x 33 units).
| Cadastral number | 6 614 844 |
| Total Municipal Assessment | Not issued |
| Municipal Land Assessment | Not issued |
| Municipal Building Assessment | Not issued |
| Number of Storeys | 3 |
| Type of Building | Isolated |
| Type of Construction | Brick and wood |
| Year of Construction | 2027 |
| Delivery January 1, 2027 | |
| Fire System | Fire alarm system |
| Type of Parking | Interior / Exterior |
| Number of Parking Spaces | 35 spaces (17 indoor + 18 outdoor) |
| Land Surface Area | 39 811 sq ft |
| Laundry Room | No |
| Number of Units | 3 x 5.5 + 9 x 4.5 + 15 x 3.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | At the choice of tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Owner |
| Near the project, there is a good mix of residential areas, shops, services, schools and road networks (e.g. Dagenais Boulevard and highways (A-440/A-15)), which enhances the appeal for tenants and long-term appreciation. | |
| Internet and Telecom | Yes (Internet) |
| Plumbing | PVC/PEX/ABS |
| Condition of Roof | Elastomeric membrane |
| Condition of Doors | Door with/without glazing |
| Condition of Balconies | Aluminum decking |
| Concierge Agreement | No |
| Intercom and Doorbell | Intercom |
| Heating System | Electric baseboard heaters and heat pumps |
| Hot Water System | Centralized reservoir |
| Condition of Windows | PVC / Aluminium |
| Condition of Kitchens | New - quartz countertops |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, steel siding and aluminum panels |
| Condition of Bathrooms | New construction |
| Environmental Report | Yes |
| Floor Covering | Glued vinyl strip |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $567,240 | 90.3 % | $1,751 |
| Affordable res. | |||
| Commercial | |||
| Lockers | $7,500 | 1.2 % | $23 |
| Parking | $41,700 | 6.6 % | $129 |
| Laundry | |||
| Électros | $9,000 | 1.4 % | $28 |
| EV Chargers | $2,880 | 0.5 % | $9 |
| Total revenues | $628,320 | $1,939 | |
| Vac. / Bad debt | $18,850 | 3 % | $58 |
| EGR | $609,470 | $1,881 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $30,474 | 5 % | $1,129 |
| Municipal Taxes | Current | $78,300 | 12.8 % | $2,900 |
| School Taxes | ||||
| Insurance | Current | $15,125 | 2.5 % | $560 |
| Electricity | Current | $7,725 | 1.3 % | $286 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | Current | $3,600 | 0.6 % | $133 |
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $10,800 | 1.8 % | $400 |
| Maintenance | Normalised | $18,900 | 3.1 % | $700 |
| Appliances | Current | $8,100 | 1.3 % | $300 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $6,095 | 1 % | $226 |
| Télécommunication | Current | $2,400 | 0.4 % | $89 |
| Thermopompe | Current | $5,130 | 0.8 % | $190 |
| Total expenses | $186,648 | 30.6 % | $6,913 | |
| Net Revenue | $422,822 | $15,660 |
| schl | |
|---|---|
| Maximum loan amount | $8,825,264 |
| Financing CAP | 4.55 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 3.68 % |
| Amortization | 50 Years |
| Term | 5 Years |
| schl | |
|---|---|
| Net Revenue | $422,822 |
| Annual Mortgage Cost | $403,203 |
| Net cash after mortgage | $19,619 |
| RETURN ON INVESTMENT | |
| Down Payment | $3,124,736 |
| Cash on cash return | 0.6 % |
| Return on liquidity + capitalization | 2.7 % |
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