Exceptional opportunity to acquire a real estate portfolio of 27 units in Joliette, including 21 residential units and 6 commercial spaces, spread across 5 buildings. Among these, a building with 4 commercial spaces and 4 residential units, including 2 x 4.5 and 2 x 7.5 units. Energy costs are paid by the tenants, maximizing profitability for the owner!
4 commercial spaces ranging from 475 to 1,948 sq. ft. as per the leases. Gross leases.
Four residential units : 2 x 4.5 and 2 x 7.5
1 of the 7.5 unit is currently vacant - under conversion into two 4.5-room apartments.
2020: Independent water tanks. 2019: A portion of the roof covering and modernization of some apartments and commercial spaces.
Sale without legal warranty of quality, at the buyer's own risk. Visit subject to an accepted promise to purchase. The unit 542 is part of the APH select abordability program. Properties sold jointly: 2900833, 2900834, 2900836, 2900745, 2900746. Mortgage assumption by the buyer of the seller's mortgage obligations is possible.
| Cadastral number | 2 900 833 |
| Cadastre | 2 900 833 |
| Total Municipal Assessment | $ 732 700 |
| Municipal Land Assessment | $ 191 600 |
| Municipal Building Assessment | $ 541 100 |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brick | Wood | Steel |
| Year of Construction | 1900 |
| Building Dimensions | To be verified |
| Poured concrete & Stone Foundation | |
| Lighting | To be verified |
| Fire System | To be verified |
| Security System | To be verifed |
| Existing Facilities | 2 x 7 ½ + 2 x 4 ½ + 4 locals |
| Type of Parking | Exterior | Street | Electric charging station nearby |
| Number of Parking Spaces | 2 and Public Street parking |
| Gross Area | To be verified |
| Leasable Surface Area | To be verified |
| Land Surface Area | 7 052 |
| Building Area | To be verified |
| Average Surface Area / Unit | To be verified |
| Plumbing | Copper, pvc and cast iron |
| Condition of Roof | Tar and Gravel | 2003-2019 |
| Service Contract | N/A |
| Heating System | Hot air and electric baseboards |
| Hot Water System | Independent water tanks (+/- 5 ans) |
| Electrical Panels | Circuit breakers | 8 panels |
| Exterior Siding | Brick and steel |
| Environmental Report | To be updated |
| Condition of Doors/Windows | Aluminum and vinyl |
| In-Building Services | Podiatrist, Organic Product Store, Clothing Boutique, Thrift Store |
| yearly | $ / PI² | |
|---|---|---|
| Residential | $59,340 | $5.47 |
| Affordable res. | ||
| Commercial | $69,833 | $6.43 |
| Lockers | ||
| Parking | $468 | $0.04 |
| Laundry | ||
| Total revenues | $129,641 | $11.94 |
| Expenses recovery | yearly | $ / PI² |
| Total expenses recovery | ||
| Total Gross Income | $129,641 | $11.94 |
| Vac. / Bad debt | $5,390 | $0.50 |
| EGR | $124,252 | $11.45 |
| Calc. | yearly | $ / PI² | |
|---|---|---|---|
| Administration | Estimated | $6,737 | $0.62 |
| Management Fees | Current | $3,784 | $0.35 |
| Municipal Taxes | Current | $11,869 | $1.09 |
| School Taxes | Current | $624 | $0.06 |
| Insurance | Estimated | $10,377 | $0.96 |
| Electricity | |||
| Heating | |||
| Snow Removal | |||
| Elevator | |||
| Lawn | |||
| Structural reserve | |||
| Janitor | Estimated | $3,784 | $0.35 |
| Maintenance | Estimated | $6,307 | $0.58 |
| Appliances | Current | $1,892 | $0.17 |
| WiFi | |||
| Heat pump | |||
| Total expenses | $45,375 | $4.18 |
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