8-Unit Portfolio in the Heart of Brompton! This investment opportunity consists of two neighbouring fourplexes comprising 3 x 5½ units and 5 x 4½ units. All units are laid out over two levels and feature one full bathroom and one powder room. All utility costs are paid directly by the tenants, helping to minimize operating expenses. The buildings underwent a major conversion in 2005 and still offer strong value-add potential for future optimization. In addition, Unit #15 can be made available for an owner-occupant, providing added flexibility for investors or owner-users.
Bright living space with various amenities nearby.
Two-level layout offering comfort and privacy.
Peaceful setting bordered by trees, with no rear neighbors.
Unit 15 is currently vacant—ideal for an owner-occupant or for choosing your own tenant.
Major conversion around 2005 (footings, foundation, drains, doors and windows, insulation, balconies, railings, brickwork, interior partitions, soundproofing, plumbing, electrical, cabinetry, flooring, etc.)
The sale is made without legal warranty of quality, at the BUYER's own risk.
Pets are permitted under the terms of the leases.
Minor variance regarding the setback, side setbacks, and encroachment.
A new certificate of location has been ordered.
| Total Municipal Assessment | 1 132 000 $ |
| Municipal Land Assessment | 213 400 $ |
| Municipal Building Assessment | 918 600 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1924; major conversion around 2005. |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | +10 |
| Laundry Room | N/A |
| Number of Units | 5 x 4.5, 3 x 5.5 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Internet and Telecom | N/A |
| Plumbing | Copper, ABS |
| Condition of Roof | Asphalt shingles |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbells, independant entrees |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition - PVC |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | N/A |
| Floor Covering | Parquet, floating floor, ceramic tile |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $119,280 | 100 % | $1,243 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $119,280 | $1,243 | |
| Vac. / Bad debt | |||
| EGR | $119,280 | $1,243 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | ||||
| Municipal Taxes | Current | $12,603 | 10.6 % | $1,575 |
| School Taxes | Current | $754 | 0.6 % | $94 |
| Insurance | Current | $6,312 | 5.3 % | $789 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,950 | 1.6 % | $244 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | ||||
| Maintenance | ||||
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | ||||
| Pelouse | Current | $525 | 0.4 % | $66 |
| Total expenses | $22,144 | 18.6 % | $2,768 | |
| Net Revenue | $97,136 | $12,142 |
| Maximum loan amount | $1,218,770 | $1,426,300 |
| Financing CAP | 5.98 % | 4.84 % |
| Debt coverage ratio | 1.2 | 1.1 |
| Interest Rate | 4.5 % | 4.25 % |
| Amortization | 25 Years | 40 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $97,136 | $97,136 |
| Annual Mortgage Cost | $80,947 | $78,380 |
| Net cash after mortgage | $16,189 | $18,756 |
| RETURN ON INVESTMENT | ||
| Down Payment | $459,230 | $251,700 |
| Cash on cash return | 3.5 % | 7.5 % |
| Return on liquidity + capitalization | 9.4 % | 13.4 % |
| Total yearly return with appreciation of 2 % | 16.75 % | 26.69 % |
| Land Municipal Assessment | 109 800 $ |
| Building Municipal Assessment | 429 500 $ |
| Total Municipal Assessment | 539 300 $ |
| Land Municipal Assessment | 103 600 $ |
| Building Municipal Assessment | 489 100 $ |
| Total Municipal Assessment | 592 700 $ |
1 - 7 Saint-Joseph, Sherbrooke 
9 - 15 Saint-Joseph, Sherbrooke