$4,549,000

16 units for sale - Ormstown

$4,549,000

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$4,549,000

16 units for sale - Ormstown

$4,549,000

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1589 Ch. de la Rivière-aux-Outardes, Ormstown, J0S 1K0

Excellent opportunity for an investor who wants to benefit from a good interest rate at 2.53%, term 5 years, amort. 40 years, APH SELECT. Building of 16 units construction 2022! All 4 1/2 are large with high quality materials, condo style interior finish with electrical terminal. Gross income of $281,160/year. Located near services, schools, parks, etc. Take out your calculator it's worth the cost!

  • Lot area: 44,411 SF
  • NUMBER OF ROOMS : 0
  • Year built : 2022
MIGUEL OTINIANO
Residential and Commercial Real Estate Broker
Building details and property interior
Particularities plusParticularities minus

82'6" X 65'3" Irregular

2022

PVC

Casement , French door

Poured concrete

Aluminum , , Brick

Elastomeric membrane

Addenda
Particularities plusParticularities minus

* 16-unit building, construction 2022, located in ORMSTOWN, 43 minutes from Montreal via the 138.

* Potential gross revenue of $281,160/year

* 16 units X 4 1/2 of more than 1050 square feet

* High quality construction with Quartz countertops

* Elevator

* Camera system

* Large outdoor balconies and outdoor storage

* Independent laundry room, heat pump and central vacuum

* Large windows

* All apartments are rented and lots of optimization potential

*** APH SELECT CNÉB LEVEL 2 CERTIFICATE (ENERGY EFFICIENCY) ***

* Visit on accepted purchase offer only *

*** MANDATORY MORTGAGE ASSUMATION TO BENEFIT FROM A GOOD INTEREST RATE 2.53%, AMORT. 40YEARS, TERM 5 YEARS. ***

INCOME $281,160 starting July 1, 2023

EXPENSES
Municipal taxes $30,551 current (inc. reimbursement of garbage and recycling fees)
School taxes $1,500 Normalized
Insurance $5,245 Current
Maintenance $8,800 Normalized
Concierge $5,280 Normalized
Serv. pub. (energy) $6,480 Current
internet and cable $12,000 Current

Total expenses: $69,856

Building details and property interior
Particularities plusParticularities minus

82'6" X 65'3" Irregular

2022

PVC

Casement , French door

Poured concrete

Aluminum , , Brick

Elastomeric membrane

Lot and exterior features
Particularities plusParticularities minus

149'8" X 303'9" Irregular

44,410.82 SF

Driveway : 28

IGA , Highway , Daycare centre , Hospital , Elementary school , High school

Residential

Characteristics
Particularities plusParticularities minus

Electric baseboard units

Electricity

Central vacuum cleaner system installation , Mobility impaired accessible , Elevator(s) , Fire detector , Air exchange system , Intercom , Outside storage , Alarm system , Wall-mounted heat pump

Municipality

Municipality

Financial details
Particularities plusParticularities minus
Assessment
    Taxes
    Gross yearly revenu (potential)
    Annual Expenses
    1589 Ch. de la Rivière-aux-Outardes, Ormstown, J0S 1K0
    NEIGHBOURHOOD STATISTICS
    • Statistics Person living alone
    • Statistics Families with children
    • Statistics Families with no children
    • 33.6%
    • 19.3%
    • 20.6%
    • 4.0%
    • 14.4%
    • 74.3%
    • 9.8%
    • 6.8%
    • 9.1%
    • 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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    MIGUEL OTINIANO
    Residential and Commercial Real Estate Broker

    MORTGAGE PAYMENTS CALCULATOR

    Financial details

    Taxes
    Gross yearly revenu (potential)
    Annual Expenses
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