Here are two adjacent buildings, totaling 12 units, recently built (2022), offering high-quality construction, durability, and peace of mind. Each building consists of six 4½-bedroom units, providing your tenants with spacious and pleasant living quarters. Each unit comes with two private parking spaces, outdoor storage, and a wall-mounted air conditioner. Ideally located, close to several essential daily amenities.
Ideal location for your tenants;
-5 minutes from Joliette Hospital
-1 minute from the grocery store
-10 minutes from the Cégep Régional de Lanaudière in Joliette
Construction 2022
La vente est faite avec garantie légale de qualité et de droit de propriété.
L'acheteur a la possibilité d'acquérir un immeuble sur deux.
| Cadastral number | 6 474 994, 6 474 995 |
| Total Municipal Assessment | 3 164 400$ |
| Municipal Land Assessment | 617 700$ |
| Municipal Building Assessment | 2 546 700$ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Low Rise |
| Year of Construction | 2022 |
| Built in 2022, this property features modern, contemporary amenities designed to meet today’s standards of comfort and quality. | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 24 spaces |
| Laundry Room | No |
| Number of Units | 12 x 4.5 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Spacious, well-appointed, and bright apartments. Outdoor storage spaces for tenants. Ample parking. | |
| Plumbing | Abs and PEX |
| Condition of Roof | New | 2022 |
| Condition of Doors | New | 2022 |
| Condition of Balconies | New | 2022 |
| Concierge Agreement | Yes, without a written contract |
| Intercom and Doorbell | Doorbells |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | New | 2022 |
| Condition of Kitchens | New | 2022 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, Vinyl |
| Condition of Bathrooms | New | 2022 |
| Environmental Report | Update to be done |
| Floor Covering | Floating and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $212,088 | 100 % | $1,473 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $212,088 | $1,473 | |
| Vac. / Bad debt | $6,363 | 3 % | $44 |
| EGR | $205,725 | $1,429 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $9,258 | 4.5 % | $771 |
| Municipal Taxes | Estimated | $22,679 | 11 % | $1,890 |
| School Taxes | Estimated | $1,979 | 1 % | $165 |
| Insurance | Estimated | $11,000 | 5.3 % | $917 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Estimated | $3,256 | 1.6 % | $271 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $3,000 | 1.5 % | $250 |
| Maintenance | Normalised | $8,400 | 4.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,057 | 1 % | $171 |
| Total expenses | $61,629 | 30.0 % | $5,136 | |
| Net Revenue | $144,096 | $12,008 |
| Maximum loan amount | $2,624,812 |
| Financing CAP | 4.67 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.0 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $144,096 |
| Annual Mortgage Cost | $135,803 |
| Net cash after mortgage | $8,294 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,175,188 |
| Cash on cash return | 0.7 % |
| Return on liquidity + capitalization | 3.1 % |
| Total yearly return with appreciation of 2 % | 9.59 % |
| Land Municipal Assessment | 308 600$ |
| Building Municipal Assessment | 1 266 400$ |
| Total Municipal Assessment | 1 575 000 |
| Land Municipal Assessment | 309 100$ |
| Building Municipal Assessment | 1 280 300$ |
| Total Municipal Assessment | 1 589 400$ |
1 - 11 l'Assomption Est, Saint-Charles-Borromée 
13 - 23 l'Assomption Est, Saint-Charles-Borromée