- Padula Bergeron Group
1105 Rue Grant, Longueuil (Le Vieux-Longueuil), QC J4H3J9
ASKING PRICE
$850,000
Property Description
Rooming house (maison de chambres) located in the heart of Vieux-Longueuil, a high-demand rental sector. Built in 1953, this detached two-storey building sits on a 545 m² lot and offers 12 fully occupied rooms generating $88,800/year in gross rental income. Classified as a rooming house and boarding residence, providing excellent potential for stable rental income or redevelopment. Sale without legal warranty at buyer's risk.
HIGHLIGHTS
12-room rooming house (detached)
High-demand area – Vieux-Longueuil
Near CEGEPs, schools, parks & transit
Fully occupied – 12/12 rooms rented
Annual gross income: $88,800
Low operating expenses (~13%)
CAPITAL SPENDINGS
No major renovations disclosed
Building in original condition
Renovation/redevelopment potential
OTHER INFORMATION
Sale without legal warranty
Certificate of location: not available
Occupancy: 30 days after accepted promise
Leases per current occupancy
Cadastre No. 2009697
LOCATION
BUILDING DESCRIPTION
General Information
Cadastre number
2009697
Municipal Assessment
Municipal Assessment
$844,300
Municipal Land Assessment
$339,700
Municipal Building Assessment
$504,600
Construction
Number of Storeys
2
Type of Building
Detached building
Type of Construction
Wood-frame and brick
Year of Construction
1953
Electromechanical System
Heating system
Electric baseboard
Hot water
Independent water heaters
Water supply
Municipal
Sewer system
Municipal
Electrical system
Parking
Type of Parking
None
Number of Parking Spaces
0
Area
Land Surface Area
5,866.33 sq.ft.
Building type
Laundry
None
Washer/Dryer Inlet
Appliance Responsibility
Tenants
Hot Water Responsibility
Tenants
Water Responsibility
Tenants
Features
Plumbing
Condition of Roof
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
Condition of Bathrooms
Environmental Report
Floor Covering
INCOME & EXPENSES
INCOME & EXPENSES
Revenue
Yearly
% /GR
RPU (m)
Residential
$88,800
100%
$617
Affordable Res.
Commercial
Lockers
Parking
Laundry
Other revenues
Total Revenues
$88,800
100%
$617
Vac. / Bad debt
EGR
$88,800
Expenses
Yearly
% OF EGR
CPU (Y)
Insurance
$4,632
5.2%
$386
Insurance
$4,632
5.2%
$386
Electricity
Electricity
Heating
Heating
Snow Removal
Snow Removal
Elevator
Elevator
Lawn
Lawn
Structural Reserve
Structural Reserve
Janitor
Janitor
Maintenance
Maintenance
Appliances
Appliances
WiFi
WiFi
Heat Pump
Heat Pump
Internet
Internet
Total Expenses
$11,312
12.7%
$943
Total Expenses
$11,312
12.7%
$943
Net Revenue
$77,488
87.3%
$6,457
Net Revenue
$77,488
87.3%
$6,457
Financing
Current
Maximum loan amount
Financing CAP
Debt coverage ratio
Interest Rate
Amortization
Term
Treasury
Current
Net Revenue
$77,488
Annual Mortgage Cost
Net cash after mortgage
$77,488
Return on Investment
Down Payment
Cash on cash return
Return on liquidity + capitalization
Key Indicators
CPU
CPU
$70,833
$70,833
GIM
GIM
9.57
9.57
NIM
NIM
10.97
10.97
CAP
CAP
9.12%
9.12%
