Magnificent 28plex 2023! Exceptional location just a stone's throw from the 132 and Montreal Island
- Construction 2022-2023 - 28plex building with underground garages - 24 indoor parking spaces (garage) - 19 outdoor parking spaces - Mandatory mortgage assumption, with MCAP, the balance will be +-$8,475,000 as of March 1, 2024. - Negligible assumption fees and fairly simple process with this lender. - Monthly mortgage payments of $32,130/month. - Current interest rate to be assumed, is 3.9%. - The 5-year term ends on May 1, 2028. - Down payment of +-2,4 million, based on the asking price. - Welcome tax (based on asking price: +-$315,000)
DESCRIPTION OF THE APPARTMENTS:
- There are: (5 x 3 1/2), (16 x 4 1/2) and (7 x 5 1/2) - Quartz countertops - Heat pumps - Backsplashes in the kitchen - Building accessible for wheelchairs
GROSS INCOME: $589188
EXPENSES (ANNUAL):
- Municipal taxes: (Not issued) estimate at $66,000 - School taxes: (Not issued) estimate at $8,000 - Insurances: $13,005 - Energy: estimate at $5400
*For the CMHC standardised expenses, ask the listing broker*