- Padula Bergeron Group
8040 Av. Bloomfield , Montréal (Villeray / Saint-Michel / Parc-Extension)
Asking Price
$1,249,000
Property Description
Well-located quadruplex in Parc-Extension, a high-demand rental sector driven by proximity to Université de Montréal’s MIL Campus and Parc metro. The property offers stable income with significant upside through a permitted densification project allowing conversion from 4 to 8 units.
HIGHLIGHTS
4-unit residential building (detached)
High-demand area – Vieux-Longueuil
Walking distance to Parc metro & MIL Campus
Expansion potential: 4 → 8 units (permit obtained)
Easy access to Highway 40 & downtown
Low operating expenses (~13%)
CAPITAL SPENDINGS IN RECENT YEARS
Roof replaced: 2014
Expansion permit obtained (major valueadd)
No other major renovations disclosed
OTHER INFORMATION
Sale without legal warranty
Certificate of location available (2013)
Occupancy: 30 days after accepted
promise to purchase
Current leases extend up to June 2026
LOCATION
BUILDING DESCRIPTION
General Information
Cadastre number
2248438
Municipal Assessment
Municipal Assessment
$866,500
Municipal Land Assessment
$377,900
Municipal Building Assessment
$488,600
Construction
Number of Storeys
3
Type of Building
Detached building
Type of Construction
Wood-frame and brick
Year of Construction
1957
Electromechanical System
Heating system
Electric baseboard
Hot water
Independent water heaters
Water supply
Municipal
Sewage system
Municipal
Electrical system
No issues reported / standard system (circuit breakers implied)
Parking
Type of Parking
None
Number of Parking Spaces
0
Area
Land Surface Area
3,129 sq.ft.
Building type
Laundry
None
Washer/Dryer Inlet
—
Appliance Responsibility
Tenants
Hot Water Responsibility
Tenants
Water Responsibility
Tenants
Features
Plumbing
—
Condition of Roof
Replaced in 2014
Condition of Doors
—
Condition of Balconies
—
Concierge Agreement
—
Intercom and Doorbell
—
Heating system
Electric baseboard
Hot Water System
Independent tanks
Condition of Windows
—
Condition of Kitchens
—
Electrical Panels
—
Exterior Siding
Brick
Condition of Bathrooms
—
Environmental Report
—
Floor Covering
—
INCOME & EXPENSES
INCOME & EXPENSES
Revenue
Yearly
% /GR
RPU (m)
Residential
$84,000
100%
$1,750
Affordable Res.
Commercial
Lockers
Parking
Laundry
Other Revenues
Total Revenues
$84,000
100%
$1,750
Vac. / Bad debt
$2,520
3%
$52.50
EGR
$81,48
97%
$1,697
Expenses
Yearly
% OF EGR
CPU (Y)
Administration
Administration
Municipal Taxes
$5,698
7.0%
$1,424
Municipal Taxes
$5,698
7.0%
$1,424
School Taxes
$694
0.9%
$174
School Taxes
$694
0.9%
$174
Insurance
$2,000
2.5%
$500
Insurance
$2,000
2.5%
$500
Electricity
$2,111
2.6%
$528
Electricity
$2,111
2.6%
$528
Heating
Heating
Snow Removal
Snow Removal
Elevator
Elevator
Lawn
Lawn
Structural Reserve
Structural Reserve
Janitor
$780
1.0%
$195
Janitor
$780
1.0%
$195
Maintenance
$2,440
3.0%
$610
Maintenance
$2,440
3.0%
$610
Appliances
Appliances
WiFi
WiFi
Heat Pump
Heat Pump
Internet
$3,259
4.0%
$815
Internet
$3,259
4.0%
$815
Total Expenses
$16,982
20.8%
$4,246
Total Expenses
$16,982
20.8%
$4,246
Net Revenue
$64,498
79.2%
$16,125
Net Revenue
$64,498
79.2%
$16,125
Financing
Current
Maximum loan amount
Financing CAP
Debt coverage ratio
Interest Rate
Amortization
Term
Treasury
Current
Net Revenue
$64,498
Annual Mortgage Cost
Net cash after mortgage
$64,498
Return on Investment
Down Payment
Cash on cash return
Return on liquidity + capitalization
Key Indicators
CPU
CPU
$312,250
$312,250
GIM
GIM
14.87
14.87
NIM
NIM
19.36
19.36
CAP
CAP
5.16%
5.16%
