Royalle Page Origine
Certified Real Estate Broker DA
450-545-9727
450-545-9727
450-545-9727

Revenue property

200, Rue Allan
Saint-Armand

3 200 000 $


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Investor or person looking for a retirement plan. Here is the rare pearl, a real estate complex close to Lake Champlain and less than 30 minutes from St-Jean, this quality complex offers a clientele of choice mainly 55 years and over, maintained with care, this property offers you an excellent return on your investment, with minimal management since everything is there the staff and the structure of the manager, to facilitate everything, As of July, 29 units fully rented. Additional spaces for future housing checked with the municipality. Demand is high, renting is easy

# 28258974

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Source: ROYAL LEPAGE ORIGINE, Real Estate Agency

General information

Category
Revenue property

Building

Year built
1935
Front
46.41 meters
Area
1354 square meters

Lot

Front
87.38 meters
Area
8030.8 square meters

Evaluation (2022)

Building
1 454 000 $
Lot
128 500 $
Total:
1 582 500 $

Income

Latest revision of revenue
2022-07-01
Residential gross potential
327 000 $ / year
Gross potential parking
2 400 $ / year

Expenses

 
Monthly
Yearly
Administration fees
667 $
8 000 $
Escalator maintenance
233 $
2 800 $
Insurance
1 413 $
16 961 $
Cable TV
125 $
1 500 $
Caretaking
2 250 $
27 000 $
Sanitary containers
280 $
3 360 $
Energy cost
4 750 $
57 000 $
Maintenance / Repairment
1 167 $
14 000 $
Snow removal / Lawn mowing
233 $
2 800 $
Municipal Taxes (2022)
1 161 $
13 934 $
School taxes (2021)
292 $
3 500 $
Total:
12 571 $
150 855 $
Basement
Separate entrance, Finished basement, 6 feet and over
Driveway
Asphalt
Foundation
Poured concrete
Garage
Attached
Heating energy
Bi-energy, Heating oil, Electricity
Parking
Garage, 45 Outdoor
Pool
Inground, Heated
Roofing
Tin, Elastomer membrane
Sewage system
Municipal sewer
Siding
Brick, Aluminum, Stone
Water supply
Other, Municipality
Zoning
Residential
Include
According to Leases Some Appliances and furniture, Gas cooker catering kitchen, installation of the cold room, tables and chairs in the dining room. Housekeeping equipment, Sweeper, 3 electric washers, an electric and 2 gas dryers, wall-mounted heat pump from 18, generator.
Exclude
Catering kitchen, (domestic refrigerators, freezers, crockery and personal effects of the caterer) Dishwasher for catering kitchen under rental contract which will not be renewed.

Addenda

Short story. The main part would have once been a hotel,
which was later acquired by nuns as a convent, the school
came in the 1960s, in 2005 the current owner acquired it
and everything was been transformed into a residence for
the elderly, the Phillipsburg manor, in 2021 a major
transformation was made to meet a specific request, either
an all-inclusive housing complex style building for
autonomous people, the 200 Allan complex is born, this
magnificent building with beautiful lofts, 3.5 and 4.5 in a
unique style, common areas, a gym, a kitchen operated by an
on-site caterer for those who want meals on request, a room
to mingle, the air of discussions since all are kind and
friendly, a heated swimming pool for the summer, community
garden spaces, laundry rooms and a room for the village
hairdresser, all with the aim of offering a unique
experience in a n unique decor. This winning formula makes
people want to live there, so the vacancy rate is
non-existent. The MRN is at 16.66 this building generates a
very interesting cash flow annually in addition to the
capitalization for a total of almost 17% return.
For an additional potential income, there are 2 Spaces
which can with a minimum investment be converted into a 3.5
rented at $900.00 per month and a 4.5 rented at $1000.00
per month therefore for an additional income of $22,800.00
annually however this will require a request for change of
use with the municipality.
Without legal warranty


Eric Huneault
Courtier immobilier résidentiel et commercial agréé
ROYAL LEPAGE ORIGINE, Real Estate Agency
450-545-9727
450-349-5883

Your mortgage

Rates of the day
2.90%Variable rate
3.04%1 year term
2.89%3 years term
2.69%5 year closed

Loan-Mortgage: $
Down payment: $
% of interest rate: %
Amortization period: years
Payment frequency:  
 
Payment: $
Total of payments: $
Total of interests: $