Complete Listing

Projet le Centro Montée St-Régis, Saint-Constant

31 500 000 $ Price
Cost per Unit (CPU)	281 000 $
Gross Revenue Multiplicator (GRM)	16.7
Net Revenue Multiplicator (NRM)	24.6
Capitalization Rate (CAP)	4.1 %

Integrated project of 112 units divided into 4 buildings of 28 homes erected on a large underground garage. The frontage is on St-Régis. 4 floors above ground and one garden level floor. Located a few minutes from the St-Constant suburban train station. Brick and wood structure. Gross leasable area of approximately 125,136 sq.ft. There will be an outdoor pool and an independent pavilion.

Cartography

Map

Property description

General information

Cadastre	See additional information
Lot Area	7013.71 m2

Municipal Assessment - Lot	701 200 $
Municipal Assessment - Building	Not issued
Municipal Assessment - Total	Not issued

General information

Cadastre	See additional information
Lot Area	7013.71 m2
Municipal Assessment - Lot	701 200 $
Municipal Assessment - Building	Not issued
Municipal Assessment - Total	Not issued

Features

Heating System	Electric baseboards
Hot Water System	Independent tanks
Electrical Pannels	Breakers
Plumbing	ABS/PEX
Condition of Kitchens	To be built
Condition of Bathrooms	To be built
Floor Covering	Hard wood and ceramic
Environmental Study
Condition of Roof	To be built
Siding	To be built
Condition of Balconies	To be built
Condition of Doors	To be built
Condition of Windows	To be built
Type of Parking	Exterior and interior
Intercom and Bell	Yes
Fire System	Yes
Janitor Agreement	Yes

Construction

Year Built	To be built / 2020
Building Type	Detached
Construction Type	Bricks and wood
Number of Stories	4
Other Informations

Building type

Number of Units	32x3.5 + 40x4.5 + 40x5.5
Number of Parkings	182 interior + 28 exterior
Responsability of Heating	Tenants
Responsability of Hot water	Tenants
Responsability of Appliances	Tenants
Washer /Dryer Installation	Yes
Laundry	No
Other Informations

Significant capital expenditures since 10 years

To be built

Other informations

Cadastres: 2 869 733, 2 869 734, 2 869 735, 2 869 737, 2 869 738, 3 137 852, 3 137 855, 3 137 866, 3 137 869

The addresses are :
116 Monté St-Régis and 118 Montée St-Régis
87 Géranium and 91 Géranium

The electricity expense includes : Common areas, underground garage, pavillon and exterior pool,

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

Revenues		%	RPU(m)
Residential Revenues	1 832 940 $	97 %	1 364 $
Commercial Revenues	$	0 %	0 $
Parking Revenues	27 000 $	1 %	20 $
Laundry Revenues	$	0 %	0 $
Storage Revenues	22 080 $	1 %	16 $
Total Revenues	1 882 020 $

Expenses			% / GR	CPU
Vacancy/Bad Debt	75 280 $	\| CMHC	4.0 %	672 $
Administration	90 336 $	\| CMHC	4.8 %	807 $
Municipal taxes	212 665 $	\| Estimated	11.3 %	1 899 $
School taxes	34 248 $	\| Estimated	1.8 %	306 $
Insurance	31 139 $	\| Estimated	1.7 %	278 $
Electricity	43 917 $	\| Estimated	2.3 %	392 $
Heating	$	\| Estimated	0.0 %	0 $
Snow Removal	5 000 $	\| Estimated	0.3 %	45 $
Elevator	7 200 $	\| Estimated	0.4 %	64 $
Equipment rental	$	\| Estimated	0.0 %	0 $
Maintenance Reserve	56 000 $	\| CMHC	3.0 %	500 $
Wages / janitor	33 600 $	\| CMHC	1.8 %	300 $
Furniture reserve	$	\| Estimated	0.0 %	0 $
Other Expenses	11 450 $		0.6 %	102 $
Total expenses	600 837 $	31.9 %		5 365 $
Net income	1 281 183 $

Revenues

Residential Revenues	1 832 940 $	97 %
Commercial Revenues	$	0 %
Parking Revenues	27 000 $	1 %
Laundry Revenues	$	0 %
Storage Revenues	22 080 $	1 %
Total Revenues	1 882 020 $

Expenses

Vacancy/Bad Debt	75 280 $	\| CMHC	4.0 %
Administration	90 336 $	\| CMHC	4.8 %
Municipal Taxes	212 665 $	\| Estimated	11.3 %
School Taxes	34 248 $	\| Estimated	1.8 %
Insurance	31 139 $	\| Estimated	1.7 %
Electricity	43 917 $	\| Estimated	2.3 %
Heating	$	\| Estimated	0.0 %
Snow Removal	5 000 $	\| Estimated	0.3 %
Elevator	7 200 $	\| Estimated	0.4 %
Equipment rental	$	\| Estimated	0.0 %
Maintenance Reserve	56 000 $	\| CMHC	3.0 %
Wages / janitor	33 600 $	\| CMHC	1.8 %
Furniture reserve	$	\| Estimated	0.0 %
Other Expenses	11 450 $	\| Estimated	0.6 %
Total expenses	600 837 $		31.9 %
Net income	1 281 183 $

Financing	Conventional	CHMC	Assumption
Maximum loan amount	17 639 000 $	22 877 000 $
Financing cap. rate	5.45 %	4.76 %
Debt coverage ratio	1.25	1.40
Interest rate	3.25 %	2.60 %
Amortization	25 years	40 years
Term	5 years	5 years
Cash flow	Conventional	CHMC	Assumption
Listing net revenue	1 281 183 $	1 281 183 $
Annual Mortgage Cost	1 029 057 $	966 617 $
Net Cash after Mortgage	252 125 $	314 565 $
Return on investment at asking price
Cash down payment	13 861 000 $	8 623 000 $
Cash on cash	1.8 %	3.6 %
Cash + principal	5.2 %	7.7 %
IRR with 2% market appreciation	9.7 %	15.0 %

Financing
Conv.	SCHL	Assumation
Maximum loan amount
17 639 000 $	22 877 000 $
Financing cap. rate
5.45 %	4.76 %
Debt coverage ratio
1.25	1.40
Interest rate
3.25 %	2.60 %
Amortization
25 years	40 years
Term
5 years	5 years
Cash flow
Conv.	SCHL	Assumation
Net revenue
1 281 183 $	1 281 183 $	1 281 183 $
Annual Mortgage Cost

Net Cash after Mortgage
252 125 $	314 565 $
Return on investment
Cash down payment
13 861 000 $	8 623 000 $
Cash on cash
1.8 %	3.6 %
Cash + principal
5.2 %	7.7 %
IRR with 2% market appreciation
9.7 %	15.0 %