Investment opportunity in La Guadeloupe! Multi-residential building with 14 units generating gross revenues of $118,380 annually. Built on a lot of over 23,000 sq. ft., the property offers interesting revenue diversification and rental optimization potential. A great opportunity to add a significant asset to a real estate portfolio.
Rental income optimization potential
Close to several services
Lot of ± 23,378 sq. ft. (2,171.9 m²)
Several major renovations in recent years
Additional revenue from right-of-way to BNC
The ground floor was formerly a commercial space and was converted into 7 additional residential units between 2020 and 2022.
New plumbing on the upper floor.
Exterior siding, windows, balconies, and roofing updated around 2020.
2nd floor:
336: Bathroom completely redone around 2023.
338: Apartment renovated (kitchen, flooring, bathroom) around 2023.
342: Apartment renovated (kitchen, flooring, bathroom) around 2022.
346: Apartment renovated (kitchen, flooring, bathroom) around 2022.
348A: Apartment renovated (kitchen, flooring, bathroom) around 2023.
The sale is made without legal warranty of quality, at the buyer's risk and peril.
A snow removal contrat is available in the file
| Cadastral number | 5 666 367 |
| Total Municipal Assessment | 734 400$ |
| Municipal Land Assessment | 50 000$ |
| Municipal Building Assessment | 684 400$ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Wood |
| Year of Construction | 1945 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | ~20 spaces |
| Land Surface Area | 23,378 sq. ft. |
| Laundry Room | No |
| Number of Rooms | 8 x 4.5 + 6 x 3.5 |
| Number of Units | 14 units |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants except for two units (#344 & #346) |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | Cuivre, PEX, ABS |
| Condition of Roof | Good condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | No |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Vinyl |
| Condition of Bathrooms | Good condition |
| Environmental Report | Phase I and II |
| Floor Covering | Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $118,380 | 90.3 % | $705 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| BNC Right of Way | $12,735 | 9.7 % | $76 |
| Total revenues | $131,115 | $780 | |
| Vac. / Bad debt | $3,933 | 3 % | $23 |
| EGR | $127,182 | $757 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $6,359 | 5 % | $454 |
| Municipal Taxes | Current | $14,376 | 11.3 % | $1,027 |
| School Taxes | Current | $454 | 0.4 % | $32 |
| Insurance | Current | $4,744 | 3.7 % | $339 |
| Electricity | Current | $1,467 | 1.2 % | $105 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $5,600 | 4.4 % | $400 |
| Maintenance | Normalised | $9,800 | 7.7 % | $700 |
| Appliances | ||||
| WiFi | Current | $12,644 | 9.9 % | $903 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,272 | 1 % | $91 |
| Garbage | Current | $993 | 0.8 % | $71 |
| Total expenses | $57,709 | 45.4 % | $4,122 | |
| Net Revenue | $69,473 | $4,962 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,229,181 | $836,809 |
| Financing CAP | 4.80 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.2 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $69,473 | $69,473 |
| Annual Mortgage Cost | $67,275 | $55,578 |
| Net cash after mortgage | $2,197 | $13,895 |
| RETURN ON INVESTMENT | ||
| Down Payment | $270,819 | $663,191 |
| Cash on cash return | 0.8 % | 2.1 % |
| Return on liquidity + capitalization | 5.6 % | 4.9 % |
| Total yearly return with appreciation of 2 % | 16.69 % | 9.43 % |
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