Complete Listing

3919 Newmarch, Verdun

Cost per Unit (CPU)
183 000 $
Gross Revenue Multiplicator (GRM) 17.1
Net Revenue Multiplicator (NRM) 24.5
Capitalization Rate (CAP)
4.1 %

Up-to-date building with good rental income. 15 apartments have been refreshed, as well as the large entrance hall and common areas. The windows of the building have been changed. The indoor parking with 8 spaces and the fact that the building is detached are definitely important assets for the tenants. There are possibilities to optimize the building more.

Cartography

Map

Property description

Features

Heating System Electric baseboards
Hot Water System Gaz fired central boiler (5yrs)
Electrical Pannels Breakers
Plumbing ABS, cast iron, copper & galvanized drains
Condition of Kitchens Good condition
Condition of Bathrooms Good condition
Floor Covering Hardwood and ceramic
Environmental Study Yes, Phase I
Condition of Roof 11 years approx
Siding Brick
Condition of Balconies Fiberglass and steel
Condition of Doors Good condition
Condition of Windows Good condition
Type of Parking Interior
Intercom and Bell Wireless intercom
Fire System Yes, connected to call center
Janitor Agreement Yes, on site with contract

Construction

Year Built 1965
Building Type Detached
Construction Type Brick and wood
Number of Stories 3
Other Informations

Building type

Number of Units 1x4.5 + 16x3.5 + 2 studios
Number of Parkings 8 spots
Responsability of Heating Tenants
Responsability of Hot water Owner
Responsability of Appliances Owner for 11 units
Washer /Dryer Installation Yes
Laundry Yes, 2 washers & dryers
Other Informations

Significant capital expenditures since 10 years

  • 15 units have been renovated
  • The windows and doors have been changed
  • 9 balconies have been renovated
  • The lobby has been renovated
  • New camera system and intercom video system

Other informations

THE SALE IS MADE WITHOUT LEGAL WARRANTY OF QUALITY TO THE RISKS AND PERILS OF THE BUYER

The buyer must refinance  the mortgage at the vendor's institution
SSQ | Balance: 1 978 625$ | Rate : 3,45% | Term: May 2028 | Monthly Instal. (C+I) :  8249$

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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