5 units, profitable, positive cash flow, in addition income can be optimized. Located in a neighborhood where the revitalization will allow an additional increase in rents & net income and certain added value. Price $ 7,000 under municipal evaluation. Homeowner: your rent will be free. Perfect for investor. Good choice.

SIMULATION:
Price 185,000 $
Minimum down payment of 15% or $ 27,750
to finance $ 157,250
+ CMHC of 2.4% or $ 3,774
Total mortgage (including CMHC) of $ 161,024
____________
Current income of $ 20,124 / year
Expenses:
Municipal taxes $ 4,432
School taxes 170 $
Insurance $ 2.505
Total Expenses $ 7,107
Net income ($ 20,124- $ 7,107) $ 13,017 / year = $ 1,084 / month
Mortgage of $ 713 / month ($ 161,024, term of 5 years, amortized for 25 years at the rate of 2.39%)
POSITIVE CASH FLOW of $ 371 / current month ($ 1,084 - $ 713)
POSITIVE CASH FLOW of $ 571 / month or more (if renovation of dwelling # 523)
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Annual RETURN on invested capital: $ 4,452 (see A) / $ 31,179 (see B) = 14.28% (E)
A) Cash Flow of $ 371 / month X 12 months = $ 4.452
B) Invested capital of $ 31,179 (15% cash or $ 27,750 plus purchase fees of $ 3,429 (i.e. CMHC insurance taxes of $ 336 + Notary fees of $ 1,500 + Transfer fees of $ 1,593))
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(if renovation of dwelling 523)
Annual RETURN on capital invested for renovation of dwelling 523: $ 2,400 (E) / $ 7,500 (E) = 32% (E)
Additional cash flow of $ 200 / month X 12 months = $ 2,400
Invested capital of $ 7,500 (estimate)
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ASSUMPTIONS of this simulation:
a) The buyer and the building qualify for financing requiring a down payment of 15%
b) Cash of $ 27,750 (15%)
c) Annual income of $ 20,124 / year (actual as of November 29, 2020) despite the use of housing 523 by the concierge at the reduced price of $ 106 / month while the rental value is between $ 306 to $ 375 per month depending on the buyer's choice of renovations (this accommodation will be vacated at date of deed sale)
d) Insurance for CMHC financing of 2.4% or $ 3,774
e) CMHC insurance tax of 9% i.e. $ 336 payable in cash upon purchase
f) Transfer fee of $ 1,593 (0.5% of $ 51,700 + 1% on excess)
g) Mortgage of $ 161,024 (including CMHC insurance of $ 3,774)
i) 5-year term financing amortized over 25 years at a rate of 2.39%
j) Purchase fees of $ 3,429 (i.e. CMHC insurance taxes of $ 336 + Notary fees of $ 1,500 + Transfer fees of $ 1,593)
k) As of December 4, 2020
l) Owner-occupant simulation
m) (E) = Estimation

At this price, this property is not negotiable