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1300 Ducas, Lasalle
63 residential units, 0 commercial units | 4,250,000$

Description

Financial Overview

Revenue 466,080$
Cost per Unit 67,460$
Cap. Rate 5.88 %
GRM 9.12
NRM 17.00
Return on Cash Flow 9.57 %
Return on Investment 15.83 %

Municipal Evaluation

Previous Assessment 2017-2019 3,586,000$
 
Land 2020-2022 941,400$
Building 2020-2022 3,325,900$
Total 2020-2022 4,267,300$

Highlights

- Gorgeous property of 63 furnished units designed for students - Emphyteutic lease with Cegep ending in 2096
- Adjacent to André-Laurendeau Cegep, 15 min from Downtown - Ideal and very safe location with security cameras
- 52 single units and 11 double units; can house up to 74 occupants - Very well managed and maintained, excellent cashflow
- Every unit includes fridge, kitchenette, microwave, desk and bed - Amazing investment opportunity
- Hot water, heating and electricity paid by owner
- No units in basement, built in 1996

Residential

Studio 1 ½ 52
Alcove 2 ½ 11
1 bdrm 3 ½ 0
2 bdrm 4 ½ 0
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   63

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery de la Vérendrye blvd.
Intersection Rue Jean-Chevalier
Shopping Center Carrefour Angrignon
Metro Station Angrignon metro station
Bus 113, 256
Attraction Angrignon Park
Hospital LaSalle Hospital
School André-Laurendeau Cegep

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank 2x62 gallons

General Information

Zoning Residential
Cadastral 1449597
Building Type Detached
Floor Nb. 3
Year Built 1996
Lot Area 18762
Building Area 0
Stove Included in leases
Refrigerator Included in leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups
Dishwasher Hookups
Pool
Furnished All units
AC units
Basement
Fireplace
Intercom

Building Overview

Roof Roof done 2018: 28,000$
Windows
Balconies
Exterior Walls
Electricity 600 amps electrical system, 125 amps panel in each apartment
Plumbing Copper and plastic plumbing with cast iron drain
Heating System Heated with electric baseboards
Hot Water Tanks 2 hot water tanks of 62 gallons each heated with natural gas
Elevator
Garage
Bathrooms Private 3-piece washroom in every apartment
Kitchens All units are furnished and include: Stove & Fridge, microwave, desk, bed, etc.
Certificate of Location Certificate of Location - Jacques Poupart - 2010-11-05
Envrionmental Report Phase 1 - Spectrum - 2017

Notes

- General repairs 2018: 76,000$
- Internet supplied by the Cegep
- The sale is an EMPHYTEUTIC LEASE of 99 years until 2096 with Andre-Laurendeau Cegep, adjacent to it.
- The André-Laurendeau Cegep has a 60 day right of first refusal for Promises to Purchase received.
- The emphyteutic rent amount is 4% of the land’s municipal evaluation.
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