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$1,274,900 +GST/QST

Quadruplex for sale - Villeray/Saint-Michel/Parc-Extension (Villeray)

$1,274,900 +GST/QST

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$1,274,900 +GST/QST

Quadruplex for sale - Villeray/Saint-Michel/Parc-Extension (Villeray)

$1,274,900 +GST/QST

7570 - 7570A Rue St-André, Villeray/Saint-Michel/Parc-Extension (Villeray), H2R 2N7

Invest in a safe and profitable building! Perfectly located in the heart of Villeray, less than 10 minutes' walk from the Jean Talon Metro, this completely stripped 4plex in 2018 gives you peace of mind with accommodation always rented and very low maintenance. Virtual visit : https://my.matterport.com/show/?m=wC9Ecj7Z9jq

  • Lot area: 2,224 SF
  • NUMBER OF ROOMS : 0
  • Year built : 1946
MANUEL RAMOS
Residential Real Estate Broker
NICOLAS BEL
Residential and Commercial Real Estate Broker
Brokers tranquilit
Building details and property interior
Particularities plus Particularities minus

25'3" X 59'10"

1946

3,023.58 SF

Aluminum

Casement

Poured concrete

Brick

Elastomeric membrane

Heated

Wood , Ceramic

Wood

Addenda
Particularities plus Particularities minus

Maximize your leverage and get a 40% return by buying this building with only 20% down payment and 30-year amortization. Indeed this semi-commercial building qualifies for residential financing.

Economic data:

Price : 1 275 000 $

Potential Gross Revenue : 78 300 $

Vacancy Rate and Bad Debt : 3900 $ (5%)

Effective Gross Revenue : 74 400 $ (95%)

Operating Expenses : 18 523 $ (24%)

NOI : 55 877 $ (71%)

Cap Rate : 4,4%

Cash Down : 255 000 $
Mortgage : 1 020 000 $
Amortizing : 30 years
Rate : 2,84%

Annual Mortgage payment : 50 554 $
Cash Flow : 5 322 $

Capital Payement : 34 000 $
Return on Capital Payement : 13%

Estimated Annual Appreciation : 5%
Annual Appreciation : 63 750 $
Return on the Appreciation : 25%

Internal Rate Return : 40%

Note 1: All units have independent entrances. 2 entries on St-André and 2 entries on St-Hubert.

Note 2: the building is 23.5% commercial. So the GST / QST is applied on 23.5% of the sale price. However, if you have a tax number, you may not have to pay GST / QST at the notary. Contact the collaborating broker for more details.

Building details and property interior
Particularities plus Particularities minus

25'3" X 59'10"

1946

3,023.58 SF

Aluminum

Casement

Poured concrete

Brick

Elastomeric membrane

Heated

Wood , Ceramic

Wood

Lot and exterior features
Particularities plus Particularities minus

25'3" X 88'1" Irregular

2,223.82 SF

Asphalt

Driveway : 1 , Garage : 2

Highway , CEGEP , Daycare centre , Golf , Hospital , Metro , Park , Bicycle path , Elementary school , High school , Commuter train , Public transportation , University

Commercial , Residential

Characteristics
Particularities plus Particularities minus

Electric baseboard units

Electricity

Wall-mounted air conditioning , Air exchange system

Municipality

Municipality

Included & Excluded
Particularities plus Particularities minus

3 Samsung white washers, 3 Samsung white dryers, 3 stainless steel dishwashers, 3 Frigidaire stainless steel cookers, 3 stainless steel refrigerators, and 3 stainless steel microwaves.

All tenants' personal property

Financial details
Particularities plus Particularities minus
Assessment (2018)
Taxes
  • (2019)
  • (2019)
Gross yearly revenu (potential)
Annual Expenses
Energy
7570 - 7570A Rue St-André, Villeray/Saint-Michel/Parc-Extension (Villeray), H2R 2N7
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 17.2%
  • 14.7%
  • 7.7%
  • 17.2%
  • 41.8%
  • 0.3%
  • 1.8%
  • 15.1%
  • 78.4%
  • 2.7%
UnilingualFrench UnilingualEnglish Bilingual(fr/en) Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
  • Statistics Household
  • Statistics Individual
  • Statistics Owners
  • Statistics Renters
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MANUEL RAMOS
Residential Real Estate Broker
NICOLAS BEL
Residential and Commercial Real Estate Broker
Brokers tranquilit
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Financial details

Assessment (2018)
Taxes
  • (2019)
  • (2019)
Gross yearly revenu (potential)
Annual Expenses
Energy
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7570 - 7570A Rue St-André, Villeray/Saint-Michel/Parc-Extension (Villeray)

$1,274,900 +GST/QST