Building of 18 apartments having benefited from almost total renovations! Among other things: all the plumbing and all the electricity have been redone, new windows and doors, new French drain and waterproof membrane, all the bathrooms redone with new showers, toilets and sinks, all the divisions in the apartments and corridors redone, new washer and dryer, wifi camera surveillance system, etc. Roof is in good condition. ******* BALANCE OF SALE AND PRIVATE FINANCING AVAILABLE *******
31'2" X 41'6"
******* DO NOT MISS THIS OPPORTUNITY *******
Rare on the market, a turnkey property providing you with a POSITIVE cash flow. In order to facilitate management, a wifi surveillance camera system, accessible remotely, is installed. A tenant also acts as concierge.
As of February 13, 2023, all units are rented. An occupancy agreement is signed by each of the tenants as well as a building rules and regulations. The owners do not accept any discrepancy, which offers a friendly living environment for the tenants.
UNMATCHED FINANCIAL RATIOS
 Down payment for financing: approximately $450,000
 Cap Rate: 7.0%
 ROI: 10.8%
 NIM: 14.2
 GIM: 10.4
 Cash on Cash: 6.6%
For more financial details, please consult the financial analysis in the attached documents.
Expenses related to Maintenance and Management are harmonized with CMHC standards. Janitor expenses are the actual one.
******* VENDOR IS OPEN TO A BALANCE OF SALE AND PRIVATE FINANCING *******
31'2" X 41'6"
49' X 155'1" Irregular
Driveway : 6
Electric baseboard units
All apartments have the following inclusions: microwave, mini-fridge, small 2-burner stove, Murphy bed. One set of coin-operated washer and dryer located in the laundry room. Surveillance camera system.
MORTGAGE PAYMENTS CALCULATOR
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