- Padula Bergeron Group
5483–5499 10e Avenue, Montréal (Rosemont / La Petite-Patrie) , H1Y 2G9
Asking Price
2 150 000 $
Property Description
Well-located 9-unit semi-detached building in Old Rosemont
(Montréal/Rosemont–La Petite-Patrie), offering strong and stable rental
income. Ideally situated near the Pie-IX and Saint-Michel metro stations and
served by multiple bus lines. Close to top-rated schools including École
Saint-Jean-Vianney and Collège Jean-Eudes, with easy access to Beaubien
Street shopping, grocery stores, parks, and the Olympic Stadium. A solid
income-generating asset in one of Montréal's highest-demand rental
markets.
HIGHLIGHTS
9-unit semi-detached
residential building
Strong rental demand — 8 of 9
units occupied
Steps from Pie-IX &
Saint-Michel metro stations
Annual potential gross
revenue: $135,264
Low operating expenses
(~15% of gross revenue)
Net operating revenue:
$115,004
CAPITAL SPENDINGS
No major renovations disclosed
No rented equipment reported
Municipal water & sewage:
municipality-serviced
OTHER INFORMATION
Sale without legal warranty
Certificate of location available
(2020)
Occupancy: 30 days after
accepted promise to purchase
Deed of sale signature: 30
days PP accepted
No judicial authorization or
repossession
LOCATION
BUILDING DESCRIPTION
General Information
Cadastre number
1 587 952
Municipal Assessment
Municipal Assessment
1 511 000 $
Municipal Land Assessment
625 400 $
Municipal Building Assessment
885 600 $
Construction
Number of Storeys
3
Type of Building
Semi-detached
Type of Construction
Brick
Year of Construction
Unknown
Building size
49,9 × 49,9 pi
Electromechanical System
Heating system
—
Hot water
—
Water supply
Municipal
Sewage system
Municipal
Electrical system
—
Parking
Type of Parking
None
Number of Parking Spaces
0
Area
Land Surface Area
4 487,47 pi²
Building type
Laundry
—
Washer/Dryer Inlet
—
Appliance Responsibility
—
Hot Water Responsibility
—
Water Responsibility
Municipal
Features
Plumbing
—
Condition of Roof
—
Condition of Doors
—
Condition of Balconies
—
Concierge Agreement
—
Intercom and Doorbell
—
Heating system
—
Hot Water System
—
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
135 264 $
100 %
1 252 $
Affordable Res
—
Commercial
—
Lockers
—
Parking
—
Laundry
—
Other Revenues
—
Total Revenues
135 264 $
100 %
1 252 $
Vac. / Bad debt (0%)
—
0 %
—
EGR
135 264 $
100 %
1 252 $
Expenses
Yearly
% OF EGR
CPU (Y)
Taxes Municipales
9 829 $
7,3 %
91 $
Taxes Municipales
9 829 $
7,3 %
91 $
Taxes Scolaires
1 251 $
0,9 %
12 $
Taxes Scolaires
1 251 $
0,9 %
12 $
Insurance
9 180 $
6,8 %
85 $
Insurance
9 180 $
6,8 %
85 $
Electricity
—
Electricity
—
Heating
—
Heating
—
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
—
Administration
—
Administration
—
Total Expenses
20 260 $
15,0 %
188$
Total Expenses
20 260 $
15,0 %
188$
Net Revenue
115004$
85,0%
1065$
Net Revenue
115004$
85,0%
1065$
Financing
Current
Maximum loan amount
1 612 500 $
Financing CAP
7,13 %
Debt coverage ratio
1,61
Interest Rate
3,75 %
Amortization
50 ans
Term
5 ans
Treasury
Current
Net Revenue
115 004 $
Annual Hypo Payment
71 460 $
Liquidity after hypo
43 544 $
Return on Investment
Down Payment (25%)
537 500 $
Cash on cash return
8,10 %
Return on liquidity + capitalization
—
Key Indicators
CPU
CPU
238 889 $
238 889 $
GIM
GIM
15,89
15,89
NIM
NIM
18,70
18,70
CAP
CAP
5,35 %
5,35 %
