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INVESTMENT OPPORTUNITY
Asking Price:
$ 14,500,000
Gross Revenues:  
$ 1,689,852
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Revenue and Expenses Summary
Revenues - Residential  1,631,628$
Revenues - Commercial 0$
Revenues - Garage/Parking 34,224$
Revenues - Laundry 24,000$
Revenues - Other 0$
Recovery of Expenses 0$
Gross Potential Revenues 1,689,852$
Vacancies 115,010$
Gross Effective Revenues: 1,574,842$
Total Taxes: 130,477$
Total Expenses: 547,846$
Net Revenue: 1,026,996$
Financial Summary
G.R.M. (Gross Rev. Multiplier): 8.58
N.R.M. (Net Rev. Multiplier): 14.12
Cost Per Unit: 60,417$
Sold Amount:
$ 13,000,000
Sold Date:
2017-06
Civic Number Street District
12145 - 59 55 LAURENTIEN Ahuntsic

Cross Street:

6021-31-41, 6060-70, Emile-Nelligan  
General Information
Property use: Résidentiel
Residential units: 240 Units
Commercial units: 0 Units
Comm. area size: 0
   
Features
Parking inside: 43
Parking outside: 39
Elevators 0
Common Washers: 16
Common Dryers: 16
Building and Lot
Building type: Detached
Year Built: 1963
Building Stories: 3 1/2
Lot Area: 104627
Municipal Evaluation
Year:  2017-2019
Land:  3,909,500$
Building:  10,426,200$
Total:  14,335,700$
Number of Units
Studio(s): (1 ˝) 6
Alcove: (2 ˝) 0
1 bedroom: (3 ˝) 158
2 bedrooms: (4 ˝) 76
3 bedrooms: (5 ˝) 0
4 bedrooms & more: 0
Total nb. of Units: 240
Heating
Heating Energy: Natural Gas
Heating Type: Hot Water
Heating Paid By: Owner
   
Hot Water Heat: Naturel Gas
Hot Water Paid By: Owner
   
Notes:
*** Domaine Laurentien project 8 independent buildings totaling 239 units plus un Bureau de location *** 6021-6031-6041-6060-6070, Emile-Nelligan (33 units*5 = 165 unités) & 12145-12155-12159 Laurentien (25*3 = 75 units plus an Office) Located near Hôpital Sacré-Cœur de Montréal, Train stations, public transports, CLSC parks and public transports, etc. Lots of potential - Rents are much lower than the market values in the area New financing possible !!!