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INVESTMENT OPPORTUNITY
Asking Price:
$ 4,250,000
Gross Revenues:  
$ 452,400
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Revenue and Expenses Summary
Revenues - Residential  446,400$
Revenues - Commercial 0$
Revenues - Garage/Parking 0$
Revenues - Laundry 6,000$
Revenues - Other 0$
Recovery of Expenses 0$
Gross Potential Revenues 452,400$
Vacancies 15,624$
Gross Effective Revenues: 436,776$
Total Taxes: 35,719$
Total Expenses: 200,329$
Net Revenue: 236,447$
Financial Summary
G.R.M. (Gross Rev. Multiplier): 9.39
N.R.M. (Net Rev. Multiplier): 17.97
Cost Per Unit: 67,460$
Sold Amount:
n/a
Sold Date:
n/a
Civic Number Street District
1300 - DUCAS LASALLE

Cross Street:

 
General Information
Property use: Residential
Residential units: 63 Units
Commercial units: 0 Units
Comm. area size: 0
   
Features
Parking inside: 0
Parking outside: 0
Elevators 0
Common Washers: 2
Common Dryers: 2
Building and Lot
Building type: Detached
Year Built: 1996
Building Stories: 3
Lot Area: 18762
Municipal Evaluation
Year:  2020-2022
Land:  941,400$
Building:  3,325,900$
Total:  4,267,300$
Number of Units
Studio(s): (1 ˝) 52
Alcove: (2 ˝) 11
1 bedroom: (3 ˝) 0
2 bedrooms: (4 ˝) 0
3 bedrooms: (5 ˝) 0
4 bedrooms & more: 0
Total nb. of Units: 63
Heating
Heating Energy: Electricity
Heating Type: Electric Baseboards
Heating Paid By: Owner
   
Hot Water Heat: Natural Gas
Hot Water Paid By: Owner
   
Notes:
Superb Residential Property of 63 furnished units for students - Adjacent to André-Laurendeau Cegep and just 15 minutes from the heart of Montreal 52 single units and 11 doubles units can house up to 74 occupants, all units are above ground. All furnished units include: Stove & Fridge, microwave, desk, bed, etc. Wi-fi supplied by the Cegep, Private washroom in every apartment Security cameras ; Property constructed in 1996 and is linked to the Cegep with an emphyteutic 99 year lease which ends in 2096