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5-6-7-Plex for sale - Trois-Rivières

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5-6-7-Plex for sale - Trois-Rivières

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523 - 537 Rue Gervais, Trois-Rivières, G9A 2P5

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.

  • Lot area: 6,842 SF
  • NUMBER OF ROOMS : 23
  • Year built : 1917
DENIS GENDRON
Residential and Commercial Real Estate Broker
Brokers tranquilit
Building details and property interior
Particularities plusParticularities minus

49'4" X 42'2" Irregular

1917

3,015.4 SF

Aluminum , Wood

Guillotine

Poured concrete , Stone

Aluminum , Fibrociment

Asphalt shingles

Wood , Linoleum , Carpet

Wood

Addenda
Particularities plusParticularities minus

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)
--------
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))
--------
(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)
================
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

Building details and property interior
Particularities plusParticularities minus

49'4" X 42'2" Irregular

1917

3,015.4 SF

Aluminum , Wood

Guillotine

Poured concrete , Stone

Aluminum , Fibrociment

Asphalt shingles

Wood , Linoleum , Carpet

Wood

Lot and exterior features
Particularities plusParticularities minus

52'8" X 125' Irregular

6,841.54 SF

3 coins de rue du Fleuve

Fenced

Flat

Highway , CEGEP , Daycare centre , Hospital , Park , Bicycle path , Elementary school , High school , Public transportation , University

Residential

Room details
Particularities plusParticularities minus
Unit Room Level Dimensions Flooring Description
1 (app.) Kitchen 2nd level 12'7" X 16'5" Linoleum
1 (app.) Living room 2nd level 11'8" X 12'10" Wood
1 (app.) Master bedroom 2nd level 9'8" X 12'6" Wood
1 (app.) Bedroom 2nd level 11'1" X 10' Wood
1 (app.) Bathroom 2nd level 12' X 7'11" Linoleum
1 (app.) Corridor 2nd level 4'6" X 23'2" Wood
2 (app.) Kitchen 2nd level 13'9" X 11'9" Linoleum
2 (app.) Living room 2nd level 11'8" X 11'1" Wood
2 (app.) Master bedroom 2nd level 11'10" X 11'1" Wood
2 (app.) Bedroom 2nd level 12'1" X 9'8" Wood
2 (app.) Bathroom 2nd level 4'5" X 6'3" Linoleum
2 (app.) Corridor 2nd level 6'11" X 10'9" Wood
3 (app.) Kitchen 1st level/Ground floor 11'10" X 10'1" Linoleum
3 (app.) Living room 1st level/Ground floor 9'1" X 9'1" Linoleum
3 (app.) Master bedroom 1st level/Ground floor 9'9" X 11'7" Linoleum
3 (app.) Bathroom 1st level/Ground floor 3'11" X 6'7" Linoleum
3 (app.) Corridor 1st level/Ground floor 6' X 11' Linoleum
4 (app.) Kitchen 1st level/Ground floor 12'3" X 12'10" Linoleum
4 (app.) Living room 1st level/Ground floor 11'8" X 11'3" Carpet
4 (app.) Master bedroom 1st level/Ground floor 9'5" X 12'9" Wood
4 (app.) Bathroom 1st level/Ground floor 3'11" X 8'10" Linoleum
4 (app.) Corridor 1st level/Ground floor 6'11" X 22'11" Wood
5 (app.) Total space 1st level/Ground floor 15'6" X 34'3" Concierge warehouse /free 30 d
Characteristics
Particularities plusParticularities minus

Electric baseboard units

Electricity

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

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Financial details
Particularities plusParticularities minus
Assessment (2017)
Taxes
  • (2020)
  • (2020)
Gross yearly revenu (potential)
Annual Expenses
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 31.6%
  • 26.2%
  • 14.0%
  • 15.2%
  • 6.8%
  • 4.2%
  • 4.6%
  • 13.0%
  • 74.5%
  • 0.0%
UnilingualFrenchUnilingualEnglishBilingual(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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DENIS GENDRON
Residential and Commercial Real Estate Broker
Brokers tranquilit

MORTGAGE PAYMENTS CALCULATOR

Financial details

Assessment (2017)
Taxes
  • (2020)
  • (2020)
Gross yearly revenu (potential)
Annual Expenses
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