Complete Listing

1699 Rachel E., Plateau Mont-Royal E

Cost per Unit (CPU)
343 000 $
Gross Revenue Multiplicator (GRM) 22.4
Net Revenue Multiplicator (NRM) 34.2
Capitalization Rate (CAP)
2.9 %

PLATEAU MONT-ROYAL, IN FRONT OF THE LAFONTAINE PARK. Building of 16 units with lots of character. As soon as you enter, you will notice the woodwork and marble of the large lobby. Built in 1927, the building is composed of 6x5.5 + 3x4.5 + 6x3.5 + 1 Loft. Heating and hot water are at the expense of the owner. The furnaces were changed in 2015; central tank in 2015. The roof was redone in 2005. 100% rented, a safe bet.

Cartography

Map

Property description

Features

Heating System High efficiency furnaces changed 2015
Hot Water System Central tank 2015
Electrical Pannels Breakers
Plumbing To be verified
Condition of Kitchens Renovated/refreshed when needed
Condition of Bathrooms Good condition
Floor Covering Maple hardwood and ceramic
Environmental Study Conform
Condition of Roof Redone in 2005; asphalt and gravel
Siding Brick and rock
Condition of Balconies Concrete, rock, resin boards
Condition of Doors None
Condition of Windows Good condition; 1993
Type of Parking 1 vacant garage
Intercom and Bell Intercom
Fire System Central pannel
Janitor Agreement Light maintenance only

Construction

Year Built 1927
Building Type Detached
Construction Type Brick
Number of Stories 3
Other Informations

Building type

Number of Units 6x5.5 + 3x4.5 + 6x3.5 + Loft
Number of Parkings 1 garage
Responsability of Heating Owner
Responsability of Hot water Owner
Responsability of Appliances Owner
Washer /Dryer Installation No
Laundry Yes
Other Informations

Significant capital expenditures since 10 years

  • Apt. #3 has been renovated in 2016
  • Masonry (15k): Maintenance/repairs in 2015-2016
  • Window thermos (10) replaced 2016-2017
  • Commun areas painting in 2015-2016
  • 18 fireproof hardwood doors replaced in 2014
  • Furnaces (2) and hot water tank changed in 2015
  • Main entry steps and West side emergency steps redone (15k)

Other informations

Piling in 2002 and 2016 for about 60% of the building.
Copper water inlet and sewer replaced in 2013

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

*Parking and lockers revenues are potential and non-effective

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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