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1666 Thierry, LaSalle
23 residential units, 14 commercial units | 5,250,000$

Description

Financial Overview

Revenue 509,259$
Cap. Rate 5.78 %
GRM 10.31
NRM 17.28
Return on Cash Flow 4.05 %
Return on Investment 6.98 %

Municipal Evaluation

Previous Assessment 2017-2019 3,061,100$
 
Land 2020-2022 745,300$
Building 2020-2022 2,928,000$
Total 2020-2022 3,673,300$

Highlights

- High quality concrete semi-commercial property - Commercial tenants are exceptionally stable
- Completely renovated, over 1M$ in reno since 2012 - Many long term commercial tenants
- Excellent location: Carrefour Angrignon, Angrignon Metro Station - Seller will credit 100,000$ over 3 years to lower mortgage rate
- Res. lease incl : heating, electricity, hot water, fridge, stove - Amazing investment opportunity !
- Great quality of tenants, rarely any vacants
- Very well managed and maintained property

Residential

Studio 1 ½ 0
Alcove 2 ½ 9
1 bdrm 3 ½ 12
2 bdrm 4 ½ 2
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   23

Commercial

Commercial 15
Total Units   15

Parking

Parking 39
Garage 0
Storage 13
Total Spaces   52

Location

Main Artery Newman boulevard
Intersection Thierry / Turley
Shopping Center Carrefour Angrignon
Metro Station Angrignon metro
Bus 1, 21, 22, 23, 24, 98, 106, 111, 350, 406
Attraction Angrignon Park
Hospital LaSalle Hospital
School École Montessori de Montréal

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Owner

Heating Hot Water

Energy Source Electricity
Responsibility Owner
Water Tank

General Information

Zoning Semi-Commercial
Cadastral 1499371
Building Type Detached
Floor Nb. 3
Year Built 1974
Lot Area 25478
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups None
Dishwasher Hookups None
Pool None
Furnished Fridges and stoves
AC units
Basement
Fireplace
Intercom Yes

Building Overview

Roof 2012 roof 5 ply tar and gravel with insulation
Windows 2016 aluminum windows
Balconies
Exterior Walls Facade and sides completely redone
Electricity Recently redone
Plumbing Recently redone
Heating System Forced air heating and air conditionning in all commercial units
Hot Water Tanks
Elevator None
Garage
Bathrooms Many recently redone
Kitchens 50% redone
Certificate of Location Rabin & Rabin - 2018-03-05
Envrionmental Report Phase 1 - Inspecsol - 2012-10

Notes

Over 1M$ of quality renovation since 2012
All concrete building of high quality
New addressable fire alarm and 16 security cameras
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