Note that the commercial lease begins on September 1, 2022

Revenues of $23 940/year. Note that if you are not registered for GST and QST taxes, you could register and thus not have to pay these additional amounts for the purchase because 50% of the building is subject to GST and QST since the entire ground floor is floor is for commercial premises.

Ask to have the profitability and economic value of the building analyzed by commercial financing because there are significant differences in the calculation grids between commercial lenders and residential lenders.

Visit of the dwellings on accepted promise to purchase only.

Parts of 111:
Ground floor: Open area, 37.4 ft. X 16.4 ft. irr. Floating floor
Ground floor: Office, 14 ft. X 9.5 ft. irr. Floating floor
Ground floor: Bathroom, 6.9 ft. X 4.8 ft. Ceramic
Ground floor: Bathroom, 6.3 ft. X 4.7 ft. Ceramic
Ground floor: Dining room, 23.3 ft. X 11.1 ft. irr. Floating floor (there is a stove, refrigerator and a sink).
Ground floor: Cold room, 7.10 ft. X 6.10 ft. Vinyl
Ground floor: Storage, 4.9 ft. X 4.4 ft. Floating floor
Ground floor: Office, 17.2 ft X 12.5 ft. Floating floor
Ground floor: Hall, 18.5 ft. X 6.1 ft. Floating floor, exterior exit.

For the 115:
Ground floor 2nd annexed room: Office 25.4 x 16.6 ft Tiles, exterior exit.

Parts for the basement:
Storage: 34.10 ft. X 22.3 ft. Concrete
Storage: 21.1 cu. X 22.3 ft. Concrete
Storage: 23.10 X 28.9 ft. Concrete

Calculation of TGA: The net income of this building of $17 7420 divided by 9,3% would give a value of $190 774 for example: The TGA expresses the yield of a building, which would be purchased without a mortgage and for which the real expenses would coincide with the normalized expenses. For example, a TGA of 9,3% would mean that, over one year, the normalized net income will have reimbursed 9,3% of the cost of the building. In this context, it would take +-10.50 years to have reimbursed 100% of the cost of the building. It is therefore a useful tool for comparing properties on the same basis and for evaluating what it costs to acquire rental income.