Complete Listing

980 - 990 Catalpas, Terrebonne

Cost per Unit (CPU)
98 000 $
Gross Revenue Multiplicator (GRM) 13.1
Net Revenue Multiplicator (NRM) 24.7
Capitalization Rate (CAP)
4.0 %

HUGE POTENTIAL. Building of 24 units of more than 800sf built in 1978 in TERREBONNE composed of 6 x 5.5 and 18 x 4.5. All units are over the ground. Excellent general condition: Roof structure and shingles 2012; Replacement of patio-doors in 2017; Brick work 2016 (4 to 6 rows of brick changed under 32 windows; 8 bathrooms renovated. Average rent per month is 624$

Cartography

Property description

Features

Heating System Electric baseboards
Hot Water System Indepedent tanks
Electrical Pannels Breakers
Plumbing Copper and fonte
Condition of Kitchens Good condition
Condition of Bathrooms Good condition and 8 renovated
Floor Covering Laminated and ceramic
Environmental Study Yes (2010)
Condition of Roof Very good condition (2012); shingles
Siding Brick
Condition of Balconies Concrete
Condition of Doors Replaced (2017)
Condition of Windows 2006
Type of Parking Exterior
Intercom and Bell Intercom (main entry)
Fire System Yes
Janitor Agreement Vacant unit for janitor

Construction

Year Built 1978
Building Type Detached
Construction Type Wood and brick
Number of Stories 3
Other Informations

Building type

Number of Units 6x5.5 + 18x4.5
Number of Parkings 24 spots
Responsability of Heating Tenants
Responsability of Hot water Tenants
Responsability of Appliances Tenants
Washer /Dryer Installation Yes
Laundry No
Other Informations 4.5 = 800sf

Significant capital expenditures since 10 years

  • - Roof 2012: new plywood, full membrane, shingles, maximum, aeration cornice
  • - 2017 patio doors
  • - Brick 2016: replacement of 4 to 6 rows of bricks under 32 lighters
  • - Bathroom for 8 units
  • - Rear exit repainted including the stairs

Other informations

CMHC STATISTICS FOR TERREBONNE REGION:
Vacancy rate: 1.1%
Average rent for 2 bedrooms: 769$/month
Average rent for 3 bedrooms: 915$/month

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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