2 GILMOUR, CHÂTEAUGUAY - 14 UNITS Samuel Lapointe - PMML
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2 GILMOUR,
CHÂTEAUGUAY
14 UNITS FOR SALE
Samuel Lapointe
CELL PHONE
450-512-7859
EMAIL
samuel.lapointe@pmml.ca
PMML.CA
Descriptive sheet generated on : 2021-12-28 18:49
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PROPERTY
DESCRIPTION
14 quality and very well positioned dwellings, with 14 parking
spaces. Built in 1975, composed of 4 X 4.5 + 8 X3.5 + 2 Studios.
One studio is rented semi-furnished. Electricity is at the tenants'
expense. There is a paying laundry room on the premises.
Several units have a view on the river. The renting is very easy.
H IGH L IGH TS
Chateauguay River
Excellent location
Potential for optimization in the short term
ASKING PRICE
2 000 000 $
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
NUMBER OF UNITS
4 X 4.5 + 8 X 3.5 + 2 Studios
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NUMBER OF
PA R K I N G S
14 space
RESPONSIBILITY RESPONSIBILITY
F O R H O T WAT E R F O R H E AT I N G
Tenants Tenants
RESPONSIBIL ITY FOR APPL IANCES
Tenants
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
AC.LMMP
2 Gilmour, Châteauguay
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
BUILDING DESCRIPTION
G ENERAL MUNICIPAL
INFORMATIONS ASSESSMENT
CADASTRAL NUMBER LAND
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4 279 313 323 400$
LAND AREA BUILDING
16 240 sq.f. 460 800$
TOTAL
784 200$
CONSTRUCTION
YEAR BUILT
1975
BUILDING TYPE
Isolated
CONSTRUCTION TYPE
Brick
OTHER INFORMATION
SIGNIFICANT CAPIT AL EXPENDIT URES
IN T HE LAST 10 YEARS
Renovation over the years
Central vacuum cleaner installation X 4
OT HER INFORMAT ION
Intercom
Interior storage in the basement
Terrace on the roof
The sale is made without a legal warranty of quality at the risks and perils of the buyer.
The remarks, descriptions, features and financial projections contained in the present document are for information only and should not be considered as being official or accurate without due
diligence verification. The information herein disclosed comes from sources that we consider to be reliable, but for which we cannot guarantee the accuracy. It is upon the buyer’s responsibility to
verify all the information and to declare himself satisfied or not of his due diligence verification performed after an accepted promise to purchase.
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
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FEATURES
HEATING SYSTEM ENVIRONMENTAL STUDY
Electric baseboards Yes
HOT WATER SYSTEM CONDITION OF ROOF
Independent tank Asphalt shingles and elastomeric
membrane
ELECTRICAL PANELS
Circuit breaker SIDING
Aluminum, Brick
PLUMBING
Cup / ABS CONDITION OF BALCONIES
Excellent
WASHER AND DRYER OUTLET
No CONDITION OF DOORS
Excellent
LAUNDRY
Yes CONDITION OF WINDOWS
Aluminum, Sliding
CONDITION OF THE KITCHENS
Good PARKING SURFACE
Exterior
CONDITION OF THE BATHROOMS
Good INTERCOM SYSTEM
Yes
FLOOR COVERING
Wood / Ceramic FIRE ALARM SYSTEM
Yes
JANITOR AGREEMENT
Yes, on site
OTHER INFORMATION
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
REVENUE
% RPU(M)
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RESIDENTIAL 129 480 $ 100 % 830 $
COMMERCIAL
PARKING
LAUNDRY
STORAGE
TOTAL REVENUE 129 480 $ 100 % 830 $
EXPENSES
YEARLY %/GR CPU
VACANCY/BAD DEBT CMHC 5 179 $ 4% 370 $
ADMINISTRATION CMHC 6 215 $ 5% 444 $
MUNICIPAL TAXES Actual 19 584 $ 15 % 1 399 $
SCHOOL TAXES Actual 740 $ 1% 53 $
INSURANCE Actual 5 193 $ 4% 371 $
ELECTRICITY Actual 4 628 $ 4% 331 $
HEATING
SNOW REMOVAL Actual 1 150 $ 1% 82 $
ELEVATOR
EQUIPMENT RENTAL Actual 1 497 $ 1% 107 $
MAINTENANCE RESERVE CMHC 7 700 $ 6% 550 $
WAGES/JANITOR CMHC 4 620 $ 4% 330 $
FURNITURE RESERVE
Actual 1 572 $ 1% 112 $
TOTAL EXPENSES 58 078 $ 45 % 4 148 $
NET INCOME 71 402 $ 5 100 $
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
FINANCING
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CONVENTIONAL CMHC ASSUMPTION
MAXIMUM LOAN AMOUNT 1 009 888 $ 1 213 834 $
FINANCING CAP RATE 5.3 % 5%
DEBT COVERAGE RATIO 1.25 1.26
INTEREST RATE 3.00 % 2.40 %
AMORTIZATION 25 YEARS 30 YEARS
TERM 5 YEARS 5 YEARS
C A S H FLOW
CONVENTIONAL CMHC ASSUMPTION 1 & 2
NET REVENUE 71 402 $ 71 402 $
ANNUAL MORTGAGE COST 57 351 $ 59 403 $
NET CASH AFTER MORTGAGE 14 051 $ 11 999 $
RETURN ON INVESTMENT ON ASKING PRICE
CASHDOWN NEEDED 990 112 $ 786 166 $
CASH ON CASH RETURN 1.42 % 1.53 %
RETURN ON LIQUIDITY +
CAPITALIZATION
4.21 % 5.26 %
IRR WITH 2% MARKET APPRECIATION 8.25 % 10.35 %
COST PER GROSS REVENUE NET REVENUE FINANCING
UNIT MULTIPLICATOR MULTIPLICATOR CAP RATE
142 857 $ 15,4 28,0 3.57 %
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
AC.LMMP
Descriptive sheet generated on : 2021-12-28 18:49
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
AC.LMMP
Descriptive sheet generated on : 2021-12-28 18:49
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