$85,000,000 +GST/QST
ULS: 20878712
16+-Plex for sale - Gatineau (Gatineau) (Des Fleurs,Rémi Berthiaume,Cheval Blanc)
Rue Maurice-Beaudoin, Gatineau (Gatineau) (Des Fleurs,Rémi Berthiaume,Cheval Blanc)
Investment opportunity! Welcome to the new real estate project: Les Jardins Lorrain de Gatineau. Comprising 6 buildings totaling 195 units, with a pool and common space to be built, it's the perfect location for individual investors or a group. With annual income exceeding $5,000,000, this project is situated near the extension of Boulevard La Vérendrye and the Rapibus extension. Offering a mix of housing including 1, 2, and 3-bedroom apartments, it caters to a variety of housing needs in the region. This development prioritizes community, providing a modern lifestyle for its residents.
Living area
167,870 ft²
Addendum
Welcome to the project: Les Jardins Lorrain
Discover ModernVision's exceptional real estate project. The company offers you a turnkey solution, ensuring a hassle-free experience for buyers. Modern spaces, high-end finishes, and meticulous attention to detail make our project an incomparable living space. Choose excellence with ModernVision and make your real estate dream come true today.
Area: Rue Maurice-Beaudoin, Gatineau
Harmoniously designed complex with 6 buildings, each 4 to 5 storeys high, comprising 195 units, swimming pool and common facilities.
Vision :
To create a community-oriented development offering modern living, architectural excellence and diversified unit types.
195 units
4-5 storeys
54x - 1 bedroom
108x - 2 bedrooms
4x - 2 bedrooms + office
29x - 3 bedrooms
Benefits: Reduced material costs, supply chain control, faster project delivery.
Green spaces: Enhanced harmonious living environment.
Multifunctional path: Safety for pedestrians and cyclists in the new neighborhood.
Building configuration: 6 low-rise apartment buildings, different housing units in each, underground parking.
Building configuration:
-16
-24
-24
-27
-52
-52
Expected income:
Expected net operating income for the first full year is $3,693,285.
Capitalization rate:
Similar properties have yields of 3.84% to 4.99%. The recommended rate is 4.10% to 4.60% for this property.
Estimated value:
The property is estimated to be worth between $80,300,000 and $90,100,000. An average value of $85,000,000 is suggested based on the income approach.
Expected base rent:
Fully occupied at market rates
Projected base rental income: $4,180,800
Parking income:
188 underground parking spaces
Projected rate: $100 per space
Parking income: $225,600 per year
Financial summary:
Acquisition costs
- Land $16,200,000
- Building $68,800,000
- Total - Selling price: $85,000,000
Revenues and expenses:
- Gross operating income: $5,065,200
- Vacancies and credits: $101,304
- Effective gross revenue (EGR): $4,963,896
- Expenses: $1,270,611
Cash flow:
- Net operating income: $3,693,285
- Debt servicing: $2,959,804
- Cash flow (before tax): $733,480
+ Total shareholders' equity (payment of capital): $416,061
- Cash flow + shareholders' equity: $1,149,524
+ Appreciation: $5,955,280
- Cash flow + EQ + App: $7,104,822
Discover ModernVision's exceptional real estate project. The company offers you a turnkey solution, ensuring a hassle-free experience for buyers. Modern spaces, high-end finishes, and meticulous attention to detail make our project an incomparable living space. Choose excellence with ModernVision and make your real estate dream come true today.
Area: Rue Maurice-Beaudoin, Gatineau
Harmoniously designed complex with 6 buildings, each 4 to 5 storeys high, comprising 195 units, swimming pool and common facilities.
Vision :
To create a community-oriented development offering modern living, architectural excellence and diversified unit types.
195 units
4-5 storeys
54x - 1 bedroom
108x - 2 bedrooms
4x - 2 bedrooms + office
29x - 3 bedrooms
Benefits: Reduced material costs, supply chain control, faster project delivery.
Green spaces: Enhanced harmonious living environment.
Multifunctional path: Safety for pedestrians and cyclists in the new neighborhood.
Building configuration: 6 low-rise apartment buildings, different housing units in each, underground parking.
Building configuration:
-16
-24
-24
-27
-52
-52
Expected income:
Expected net operating income for the first full year is $3,693,285.
Capitalization rate:
Similar properties have yields of 3.84% to 4.99%. The recommended rate is 4.10% to 4.60% for this property.
Estimated value:
The property is estimated to be worth between $80,300,000 and $90,100,000. An average value of $85,000,000 is suggested based on the income approach.
Expected base rent:
Fully occupied at market rates
Projected base rental income: $4,180,800
Parking income:
188 underground parking spaces
Projected rate: $100 per space
Parking income: $225,600 per year
Financial summary:
Acquisition costs
- Land $16,200,000
- Building $68,800,000
- Total - Selling price: $85,000,000
Revenues and expenses:
- Gross operating income: $5,065,200
- Vacancies and credits: $101,304
- Effective gross revenue (EGR): $4,963,896
- Expenses: $1,270,611
Cash flow:
- Net operating income: $3,693,285
- Debt servicing: $2,959,804
- Cash flow (before tax): $733,480
+ Total shareholders' equity (payment of capital): $416,061
- Cash flow + shareholders' equity: $1,149,524
+ Appreciation: $5,955,280
- Cash flow + EQ + App: $7,104,822
Building details and property interior
Year constructed
To be built
Living area
167,870 ft²
Energy efficiency
Novoclimat certification
Dividing Floor
Concrete
Garage
Heated, Built-in
Lot and exterior features
Lot area
479,426 ft²
Topography
Flat
Driveway
Asphalt
Parking (total)
Garage (188), Driveway (75)
Proximity
Elementary school, High school, Public transportation, Park, Daycare centre, Bicycle path
Characteristics
Heating System
Electric baseboard units
Energy efficiency
Novoclimat certification
Heating Energy
Electricity
Property or unit amenity
Air exchange system, Intercom, Sprinkler system
Water Supply
Municipality
Sewage System
Municipality
Financial details
Taxes
- Municipal (2024)
- $ 438,750
- Total
- $ 438,750
Annual expenses
- Management/Administration
- $ 173,736
- Insurance
- $ 97,500
- Superintendent
- $ 29,250
- Maintenance
- $ 117,000
- Advertising
- $ 9,750
- Security
- $ 126,750
- Total
- $ 553,986
Energy expenses
- Electricity
- $ 277,875
- Total
- $ 277,875
Gross annual revenues (potential)
- Residential
- $ 4,839,600
- Parking
- $ 225,600
- Total
- $ 5,065,200
Inclusions and exclusions
Inclusions
195 units built to plan.
Mortgage payment calculator
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