Complete Listing

8240 Baillargé, Mercier (Montréal)

649 000 $ Price
Cost per Unit (CPU)	108 000 $
Gross Revenue Multiplicator (GRM)	14.7
Net Revenue Multiplicator (NRM)	23.1
Capitalization Rate (CAP)	4.3 %

Property well located near public transportation, schools, parks. Several exterior renovations of the property, balconies and windows. Common WIFI installation. The property still offers potential for optimization for a buyer who wants to create value. Units of good size, bright and spacious. Parking spaces offered in the back yard.

Cartography

Map

Property description

General information

Cadastre	2 243 240
Lot Area	434.7 m2

Municipal Assessment - Lot	189 100 $
Municipal Assessment - Building	323 000 $
Municipal Assessment - Total	512 100 $

General information

Cadastre	2 243 240
Lot Area	434.7 m2
Municipal Assessment - Lot	189 100 $
Municipal Assessment - Building	323 000 $
Municipal Assessment - Total	512 100 $

Features

Heating System	Electric baseboards
Hot Water System	Independent tanks
Electrical Pannels	Breakers
Plumbing	Copper and steel
Condition of Kitchens	To be verified
Condition of Bathrooms	Good condition
Floor Covering	Hard wood and ceramic
Environmental Study	No
Condition of Roof	Very good condition - 2008
Siding	Bricks
Condition of Balconies	Fiber glass
Condition of Doors	Good condition (2018)
Condition of Windows	Good condition (2018)
Type of Parking	Exterior
Intercom and Bell	Doorbell
Fire System	Yes
Janitor Agreement	Owner is the janitor

Construction

Year Built	1965
Building Type	Attached
Construction Type	Bricks and wood
Number of Stories	3
Other Informations

Building type

Number of Units	5x4.5 + 1x3.5
Number of Parkings	6
Responsability of Heating	Tenants
Responsability of Hot water	Tenants
Responsability of Appliances	Tenants (except the 3.5)
Washer /Dryer Installation	Yes
Laundry	No
Other Informations

Significant capital expenditures since 10 years

The underpinning was done in 2012
The windows were changed in 2018
The rear railings were changed in 2018
4 hot water tanks replaced in 2018
Fire system changed in 2018

Other informations

Wifi installed

The buyer must refinance the mortgage at the vendor's institution
Desjardins | Balance: 457 834$ | Rate : 3% | Term: September 2022 | Monthly Instal. (C+I) : 2065$

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	44 256 $	100 %	615 $
Commercial Revenues	$	0 %	0 $
Parking Revenues	$	0 %	0 $
Laundry Revenues	$	0 %	0 $
Storage Revenues	$	0 %	0 $
Total Revenues	44 256 $

Expenses			% / GR	CPU
Vacancy/Bad Debt	1 327 $	\| CMHC	3.0 %	221 $
Administration	1 287 $	\| CMHC	2.9 %	215 $
Municipal taxes	4 553 $	\| Actual	10.3 %	759 $
School taxes	732 $	\| Actual	1.7 %	122 $
Insurance	2 341 $	\| Actual	5.3 %	390 $
Electricity	495 $	\| Actual	1.1 %	83 $
Heating	$	\| Actual	0.0 %	0 $
Snow Removal	200 $	\| Estimated	0.5 %	33 $
Elevator	$	\| Actual	0.0 %	0 $
Equipment rental	$	\| Actual	0.0 %	0 $
Maintenance Reserve	3 000 $	\| CMHC	6.8 %	500 $
Wages / janitor	750 $	\| CMHC	1.7 %	125 $
Furniture reserve	100 $	\| Actual	0.2 %	17 $
Other Expenses	1 379 $	\| Actual	3.1 %	230 $
Total expenses	16 166 $	36.5 %		2 694 $
Net income	28 090 $

Revenues

Residential Revenues	44 256 $	100 %
Commercial Revenues	$	0 %
Parking Revenues	$	0 %
Laundry Revenues	$	0 %
Storage Revenues	$	0 %
Total Revenues	44 256 $

Expenses

Vacancy/Bad Debt	1 327 $	\| CMHC	3.0 %
Administration	1 287 $	\| CMHC	2.9 %
Municipal Taxes	4 553 $	\| Actual	10.3 %
School Taxes	732 $	\| Actual	1.7 %
Insurance	2 341 $	\| Actual	5.3 %
Electricity	495 $	\| Actual	1.1 %
Heating	$	\| Actual	0.0 %
Snow Removal	200 $	\| Estimated	0.5 %
Elevator	$	\| Actual	0.0 %
Equipment rental	$	\| Actual	0.0 %
Maintenance Reserve	3 000 $	\| CMHC	6.8 %
Wages / janitor	750 $	\| CMHC	1.7 %
Furniture reserve	100 $	\| Actual	0.2 %
Other Expenses	1 379 $	\| Actual	3.1 %
Total expenses	16 166 $		36.5 %
Net income	28 090 $

Financing	Conventional	CHMC	Assumption
Maximum loan amount	454 000 $	508 000 $	457 834 $
Financing cap. rate	4.64 %	4.70 %
Debt coverage ratio	1.01	1.10
Interest rate	3.75 %	3.00 %	3,00%
Amortization	25 years	30 years	30 years
Term	5 years	5 years	Septembre 2022
Cash flow	Conventional	CHMC	Assumption
Listing net revenue	28 090 $	28 090 $	28 090 $
Annual Mortgage Cost	27 924 $	26 857 $	24 803 $
Net Cash after Mortgage	165 $	1 232 $	3 287 $
Return on investment at asking price
Cash down payment	195 000 $	141 000 $	191 166 $
Cash on cash	0.1 %	0.9 %	1.7 %
Cash + principal	5.8 %	8.8 %	2.2 %
IRR with 2% market appreciation	12.5 %	18.0 %	9.0 %

Financing
Conv.	SCHL	Assumation
Maximum loan amount
454 000 $	508 000 $	457 834 $
Financing cap. rate
4.64 %	4.70 %
Debt coverage ratio
1.01	1.10
Interest rate
3.75 %	3.00 %	3,00%
Amortization
25 years	30 years	30 years
Term
5 years	5 years	Septembre 2022
Cash flow
Conv.	SCHL	Assumation
Net revenue
28 090 $	28 090 $	28 090 $
Annual Mortgage Cost
		24 803 $
Net Cash after Mortgage
165 $	1 232 $	3 287 $
Return on investment
Cash down payment
195 000 $	141 000 $	191 166 $
Cash on cash
0.1 %	0.9 %	1.7 %
Cash + principal
5.8 %	8.8 %	2.2 %
IRR with 2% market appreciation
12.5 %	18.0 %	9.0 %