Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Exceptional investment opportunity in Mont-Tremblant! Formerly known as Les Résidences Le Vieux Sage, this 4-storey building offers 38 private rooms, each with its own bathroom, leased to Station Mont-Tremblant. The garden level is occupied by the CIUSSS. The property also includes an Intermediate Resource (IR) for individuals with Alzheimer’s disease, currently operated and managed by the owners. Strong rental stability and significant potential for value optimization.
Located near tourist attractions
Stable income - Stable AAA tenants
Intermediate Resource (IR) operated by the current owners — see expenses in the due diligence.
5-year lease beginning in 2025 with Mont Tremblant
10-year lease beginning in 2024 renewable annually with CIUSS
Expansion was made in 2009-2010 former owner
Common room on each floor
A large commercial dining room on the ground floor
Outdoor terrace
Dedicated fiber for internet
Freight elevator
Smart TV for each room
Different password for each room with portal
Full bathroom in all rooms
The sale is made without legal guarantee
| Cadastral number | 5 785 031 |
| Total Municipal Assessment | 4 189 800 $ |
| Municipal Land Assessment | 248 100 $ |
| Municipal Building Assessment | 3 941 700 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1985 |
| Electric heating Propane water heater Gicleur Entrée Électrique 347V/600V | |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 30 spaces |
| Land Surface Area | 68 787 sq. ft. |
| Laundry Room | Yes, on site -(2) |
| Number of Rooms | 50 |
| Number of Units | 50 x Rooms |
| Washer/Dryer Inlet | Landlord |
| Appliance Responsibility | Landlord |
| Heating Responsibility | Landlord |
| Hot Water Responsibility | Landlord |
| Central access system with code Municipal aqueduct Municipal sewer .The PROPERTY is subject to a right of first refusal in favor of the tenant under the current lease, which right remains enforceable in accordance with the terms and conditions set forth in said lease. | |
| Fenced | No |
| Internet and Telecom | Fiber |
| Plumbing | Copper, steel and ABS |
| Condition of Roof | Asphalt shingles |
| Condition of Doors | Good condition |
| Condition of Balconies | Metal |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Central propane tank |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Stucco, stone and wood |
| Condition of Bathrooms | Good and new condition |
| Environmental Report | Update to be done |
| Floor Covering | Commercial tiles |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $399,000 | 36.8 % | $665 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Revenu RI | $684,000 | 63.2 % | $1,140 |
| Total revenues | $1,083,000 | $1,805 | |
| Vac. / Bad debt | $32,490 | 3 % | $54 |
| EGR | $1,050,510 | $1,751 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $52,526 | 5 % | $1,051 |
| Municipal Taxes | Current | $20,932 | 2 % | $419 |
| School Taxes | Current | $2,992 | 0.3 % | $60 |
| Insurance | Current | $14,000 | 1.3 % | $280 |
| Electricity | Current | $34,500 | 3.3 % | $690 |
| Heating | ||||
| Snow Removal | Current | $2,875 | 0.3 % | $58 |
| Elevator | ||||
| Lawn | Current | $1,840 | 0.2 % | $37 |
| Structural reserve | ||||
| Janitor | Normalised | $20,000 | 1.9 % | $400 |
| Maintenance | Normalised | $35,000 | 3.3 % | $700 |
| Appliances | ||||
| WiFi | Current | $21,600 | 2.1 % | $432 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $10,505 | 1 % | $210 |
| Dépense de la RI | Current | $480,696 | 45.8 % | $9,614 |
| Total expenses | $697,466 | 66.4 % | $13,949 | |
| Net Revenue | $353,044 | $7,061 |
| Maximum loan amount | $3,746,250 |
| Financing CAP | 6.07 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 4.25 % |
| Amortization | 25 Years |
| Term | 5 Years |
| Net Revenue | $353,044 |
| Annual Mortgage Cost | $242,604 |
| Net cash after mortgage | $110,440 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,248,750 |
| Cash on cash return | 8.8 % |
| Return on liquidity + capitalization | 15.8 % |
| Total yearly return with appreciation of 2 % | 23.77 % |