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100 Mount Vernon, Lachine
24 residential units, 0 commercial units | 4,300,000$
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Overview
Revenue
Financing
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Download PDF
Contact Us
Back to List
Overview
Revenue
Financing
Documents
Photos
View on map
100 Mount Vernon, Lachine
24 residential units, 0 commercial units | 4,300,000$
Description
Residential
0
0
18
6
0
0
24
0
Financial Overview
Revenue
243,012$
Cost per Unit
179,167$
Cap. Rate
3.61 %
GRM
17.69
NRM
27.64
Return on Cash Flow
1.75 %
Return on Investment
3.12 %
Municipal Evaluation
Previous Assessment
2017-2019
1,847,100$
Land
2020-2022
576,400$
Building
2020-2022
1,640,100$
Total
2020-2022
2,216,500$
Highlights
- Beautiful renovated 24 units brick building in the heart of Lachine
- Electrical heating paid by most tenants, few units paid by the owner
- Well located near Montreal-West train station and Angrignon metro
- Possibility to add 6 units in the basement (total of 30 units after reno)
- Walking distance to Canal Lachine and bike path
- The plans were approved by the City through a PPCU in July 2021
- The building was extensively renovated since 2014
- Amazing potential to develop the property by adding 6 units
- Over 1,300,000$ were invested in renovations
- Significant upside to increase the revenues
- 2015-2016: New roof, windows, electricity, plumbing, balconies, etc.
- Excellent investment opportunity!
Residential
Studio
1 ½
0
Alcove
2 ½
0
1 bdrm
3 ½
18
2 bdrm
4 ½
6
3 bdrm
5 ½
0
4 bdrm +
6 ½ +
0
Commercial
Commercial
0
Parking
Parking
6
Garage
0
Storage
30
Location
Main Artery
Highway 20
Intersection
Highway 20 / des Érables
Shopping Center
Place Newman
Metro Station
Montreal-West Train station
Bus
90, 116, 123, 356
Attraction
Lachine Canal
Hospital
Lachine Hospital
School
André-Laurendeau Cegep
Heating
Energy Source
Electricity
Heating Type
Electric Baseboards
Responsibility
Tenants & Owner
Heating Hot Water
Energy Source
Electricity
Responsibility
Tenants & Owner
Water Tank
2015-2016
General Information
Zoning
Residential
Cadastral
1703466
Building Type
Detached
Floor Nb.
3
Year Built
1955
Lot Area
1356
Building Area
0
Stove
As per leases
Refrigerator
As per leases
Washer
Dryer
Elevator
None
Wash/Dry Hookups
Laundry room
Dishwasher Hookups
Pool
None
Furnished
As per leases
AC units
Basement
Apartments
Fireplace
None
Intercom
Yes
Building Overview
Roof
Roof redone in 2015-2016
Windows
Windows and all interior and exterior doors replaced in 2015-2016
Balconies
Fiberglass balconies replaced in 2015-2016
Exterior Walls
The structure was reinforced by Bisson in 2019 (55,000$), new insulation to exterior walls and roof in 2015-2016
Electricity
Electricity completely redone in the building in 2015-2016, new electrical entrance and electrical room
Plumbing
Plumbing completely redone in the building in 2015-2016, including the main water entry to the street
Heating System
Electrical heating, the owner pays the heating for only a few units
Hot Water Tanks
Hot water tank in each apartment, 24 tanks replaced in 2015-2016
Elevator
None
Garage
None
Bathrooms
All the units have been completely renovated in 2015-2016
Kitchens
All the units have been completely renovated in 2015-2016
Certificate of Location
Francois Houle - 2003-04-02
Envrionmental Report
Phase 1 - D&G Enviro-Group - 2015-11-19
Notes
- Other 2015-2016 renovations include: new fire panel, new intercom, security cameras, extra sound proofing between the units, concrete main entrance
- Over 1,300,000$ were invested in renovations since 2014
- The City has approved the addition of 6 units in the basement through a PPCU (zoning change)
- In order to conform to the PPCU, 6 parking spaces will have to be built on the lot according to the submitted plans
- The information presented above are to be verified by the buyer during the inspection period
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the BUYER’s own risks ***
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