Exceptional investment opportunity in Shawinigan: portfolio of 32 units spread across 4 buildings of 8 units each, offering stable income and strong potential for optimization. The building enjoys a solid occupancy rate with quality tenants. Ideal for investors looking to grow their real estate portfolio in a vibrant market.
Good potential for optimization
Located in a quiet neighborhood, yet close to essential services
High-quality tenants
Lockers available for tenants
Complete roof renovation at 1160 and 1220 in 2025
The sale is made without any legal guarantee of quality, at the buyer's own risk.
According to the certificates of location in the seller's possession, the PROPERTY appears to be a
real estate complex within the meaning of the Act respecting the Administrative Housing Tribunal (L.R.Q., c. T-15.01) but does not
constitute a part that has been detached from a real estate complex within the meaning of the Act respecting the
Administrative Housing Tribunal Act (R.S.Q., c. T-15.01) following an alienation, without having first obtained
the authorization of the Administrative Housing Tribunal.
| Cadastral number | 3 033 285, 3 033 284, 3 033 283, 3 033 282 |
| Municipal Assessment | $2 365 200 |
| Municipal Land Assessment | $343 400 |
| Municipal Building Assessment | $2 021 800 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1987-1989 |
| N/A | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 40 spaces |
| Laundry Room | N/A |
| Number of Units | 32 x 4.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenant for the apartments and owner for the common areas |
| Hot Water Responsibility | Tenants |
| N/A | |
| Plumbing | Copper/PEX/ABS |
| Condition of Roof | Good condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Intercom |
| Heating System | Electric baseboard heaters |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Phase I |
| Floor Covering | Floating, ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $272,280 | 100 % | $709 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $272,280 | $709 | |
| Vac. / Bad debt | $8,168 | 3 % | $21 |
| EGR | $264,112 | $688 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $11,225 | 4.3 % | $351 |
| Municipal Taxes | Current | $50,812 | 19.2 % | $1,588 |
| School Taxes | Current | $1,444 | 0.5 % | $45 |
| Insurance | Current | $16,512 | 6.3 % | $516 |
| Electricity | Current | $1,309 | 0.5 % | $41 |
| Heating | ||||
| Snow Removal | Current | $4,920 | 1.9 % | $154 |
| Elevator | ||||
| Lawn | Current | $3,048 | 1.2 % | $95 |
| Structural reserve | ||||
| Janitor | Normalised | $6,880 | 2.6 % | $215 |
| Maintenance | Normalised | $19,520 | 7.4 % | $610 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| Total expenses | $115,670 | 43.8 % | $3,615 | |
| Net Revenue | $148,442 | $4,639 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,829,313 | $1,788,004 |
| Financing CAP | 4.98 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.0 % | 4.5 % |
| Amortization | 45 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $148,442 | $148,442 |
| Annual Mortgage Cost | $144,825 | $118,753 |
| Net cash after mortgage | $3,617 | $29,688 |
| RETURN ON INVESTMENT | ||
| Down Payment | $420,687 | $1,461,996 |
| Cash on cash return | 0.9 % | 2.0 % |
| Return on liquidity + capitalization | 6.8 % | 4.8 % |
| Total yearly return with appreciation of 2 % | 22.21 % | 9.2 % |
| Land Municipal Assessment | 85 900$ |
| Building Municipal Assessment | 505 400$ |
| Total Municipal Assessment | 591 300$ |
| Land Municipal Assessment | 84 800$ |
| Building Municipal Assessment | 506 500$ |
| Total Municipal Assessment | 591 300$ |
| Land Municipal Assessment | 83 200$ |
| Building Municipal Assessment | 508 100$ |
| Total Municipal Assessment | 591 300$ |
| Land Municipal Assessment | 89 500$ |
| Building Municipal Assessment | 501 800$ |
| Total Municipal Assessment | 591 300$ |
1160 21e Avenue, Grand-Mère 
1190 21e Avenue, Grand-Mère 
1220 21e Avenue, Grand-Mère 
1240 21e Avenue, Grand-Mère