Mtl: 514 603-2010 Qc: 418 476-0186 info@patricemenard.com www.patricemenard.com FOR SALE 2551-2557 RACHEL E, PLATEAU MONT-ROYAL E 1 400 000 $ Asking price REMARKS: Beautiful building of 22 rooms and 1x 4.5 + 2x3.5 condo style. Electric heating, hot water and appliances provided by owner for rooms only. Electrical panels with breakers. Kitchens and bathrooms are in good condition. Linoleum flooring. Windows changed in 2011. Laundry room in the building and janitor on site. 6 parking spaces. Responsible Broker Thierry Samlal Certified Real Estate Broker T: 514-248-4166 E: thierry.samlal@pmml.ca
CARTOGRAPHY
PROPERTY DESCRIPTION GENERAL INFORMATION CONSTRUCTION Cadastre number Lot Area Building Area Municipal Assessment Other Informations 3361584 425,80 m2 1 380 000 $ Year Built Building Type Construction Type Building Stories Other Informations 1910 Attached Brick and wood 3 BUILDING TYPE Number of Units Number of Parkings Responsability of Heating Responsability of Hot water Responsability of Appliances Washer /Dryer Installation Laundry Other Informations 1x4.5 + 2x3.5 + 22 rooms 6 parking spaces Owner for rooms only Owner for rooms only Owner for rooms only In every ground floor unit Yes SIGNIFICANT CAPITAL EXPENDITURES SINCE 10 YEARS The windows were changed in 2011. The roof was partially repaired in 2016. Renovations and improvements as needed. Renovation of common areas as needed. FEATURES Heating System Electric baseboards Condition of Roof Partially repaired in 2016 Hot Water System 2 hot water tanks for the rooms Siding Brick Electrical Pannels Breakers Condition of Balconies None Plumbing Copper Condition of Doors Condition of Kitchens Good condition Condition of Windows All changed in 2011 Condition of Bathrooms Good condition Parking type Asphalt Floor covering Linoleum Intercom and bell Intercom Environmental study No Fire system Yes, annually certified Janitor Agreement 3 tanks for the apartments OTHER INFORMATIONS The buyer must refinance the mortgage at the vendor's institution Mortgage 1: Caisse Populaire Balance: 568 804$ Rate : 2,85% Term: May 2018 Monthly Instal. (C+I) : 2918$ Mortgage 2: Caisse Populaire Balance: 254 161$ Rate : 2,85% Term: May 2018 Monthly Instal. (C+I) : 1304$ 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 FINANCIAL RATIOS Cost per Unit (CPU) Gross Revenue Multiplier (GRM) Net Revenue Multiplier (NRM) Capitalization Rate (CAP) REVENUES Residential Commercial Parking Laundry Storage Other TOTAL REVENUES Annual % / GR 56 000 $ 8.1 14.7 6.8 % RPU(m) 169 980 $ 98.0 % 567 $ 1 500 $ 1.0 % 5 $ 1 767 $ 1.0 % 6 $ 173 247 $ EXPENSES Vacancy/Bad Debt Administration Municipal Taxes School Taxes Insurance Electricity Heating Snow Removal Elevetors Equipment Rental Maintenance Reserve Wages/janitor Furniture Reserve 7 500 $ CMHC 4.3 % 300 $ 4 400 $ 2.5 % 176 $ Other Expenses 1 366 $ 0.8 % 55 $ TOTAL EXPENSES 78 240 $ 45.2 % 3 130 $ NET INCOME Annual amount CMHC/ % GR Annual CPU 8 662 $ CMHC 5.0 % 346 $ 8 229 $ CMHC 4.8 % 329 $ 11 216 $ 6.5 % 449 $ 2 280 $ 1.3 % 91 $ 9 902 $ 5.7 % 396 $ 12 185 $ 7.0 % 487 $ 12 500 $ CMHC 7.2 % 500 $ 95 007 $ 3 800 $ FINANCING Maximum loan amount Financing cap. rate Debt coverage ratio Interest rate Amortization Term Option Conventional Loan 910 000 $ 6.7 1.36 4.5 20 5 Option CMHC Loan Option Assumption of Mortage 822 965 $ 3,85% 2,85% 25 Mai 2018 Mai 2018 CASH FLOW Net Revenue Annual Mortgage Cost Net Cash after Mortgage 95 007 $ 68 840 $ 26 167 $ 95 007 $ 50 668 $ 44 339 $ RETURN ON INVESTMENT Cash down payment Cash on cash Cash + principal IRR with 2% market appreciation 490 000 $ 5.3 % 11.2 % 16.9 % 577 035 $ 7.7 % 10.5 % 15.4 %
PICTURES
PICTURES
PICTURES