Complete Listing

1776 - 1780 Montgomery, Saint-Hubert

Cost per Unit (CPU)
99 000 $
Gross Revenue Multiplicator (GRM) 14.3
Net Revenue Multiplicator (NRM) 23.5
Capitalization Rate (CAP)
4.3 %

Two six units, sold together with individual cadastral numbers. Apartments are spacious 3.5x12 with abundant windows, balcony, parking and overall well located, in an area where redevelopment is seen. Building comes with optimisation potential, the roof is 2007, mansarde are changed in 2018, many patio doors and windows where also changed. Excellent investment opportunity!

Cartography

Property description

Features

Heating System Electric baseboards
Hot Water System 12 independent tanks
Electrical Pannels Breakers
Plumbing To be verified
Condition of Kitchens To be verified
Condition of Bathrooms 5 Renovated recently
Floor Covering Laminated, ceramic and parquetry
Environmental Study No
Condition of Roof 2007
Siding Brick
Condition of Balconies To be verified
Condition of Doors Recently Replaced
Condition of Windows Recently Replaced
Type of Parking Exterior
Intercom and Bell No
Fire System Yes
Janitor Agreement

Construction

Year Built 1978
Building Type Detached
Construction Type Brick
Number of Stories 2
Other Informations

Building type

Number of Units 12x3.5
Number of Parkings 16
Responsability of Heating Tenants except 1
Responsability of Hot water Tenants except 1
Responsability of Appliances Tenants
Washer /Dryer Installation Yes
Laundry No
Other Informations

Significant capital expenditures since 10 years

  • Roof in 2007
  • Mansard in 2018
  • Several windows and door recent patios
  • Renovated bathrooms in 5 units recently
  • Floor redone in 2 housing units in 2018
  • 10 hot water tanks out of 12 changed
  • in the last 5 years

Other informations

THE SALE IS MADE WITHOUT LEGAL WARRANTY OF QUALITY AT THE RISKS AND PERILS OF THE BUYER
Mortgage remaining:
A part of the balance of the hyp: 185 983 to 4,294%
Until 30th of November 2020
The other part of the balance of the hyp: 422 266 $
This part is over
Possibility to renew at 4.39% / 1 year

The remarks, descriptions, features and financial projections contained in the present document are only for information purposes and should not be considered as being official. The information herein comes from what we consider reliable sources but for which we cannot guarantee the accuracy. It is the buyer’s responsability to verify all the information and to declares himself satisfied or dissatisfied while in the due dilligence process following an accepted promise to purchase.

Financial information

Rent roll

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