5 buildings built between 2020 and 2022 comprising of a total of 36 units. All the apartments are large 4 1/2 of 950 sq.ft. The property is located in the municipality of Franklin, 1 hour south of Montreal, close to the US border (Churubusco customs). Quality construction with washer-dryer hookups, air conditioning, air exchanger, open concept kitchen, exterior storage, 61 parking spaces. Lots of rental demand in the area and good quality of tenants. Possibility to assume the existing advantageous CMHC financing. Excellent turn-key investment opportunity!
BUILDING
36 x 4 ½
Approximately 950 sq.ft each
Construction 2020 to 2022
Heating : Electricity paid by the tenants
Hot water : Electricity paid by the tenants
Air conditioning : 1-3-5 Terrasse-Chartrand : 20 x wall unit A/C | 7-9 Terrasse-Chartrand: 16 x heat pumps
Plumbing: Washer/dryer and dishwasher hookups in all the apartments
Certificate of location : 2021-2022
Environmental report : Phase 1 – 2022-04
CADASTRAL
5 buildings part of a horizontal co-ownership:
- 1 Terrasse-Chartrand : 6 units | 6346175 Cadastre du Québec | Construction June 2021
- 3 Terrasse-Chartrand : 6 units | 6346174 Cadastre du Québec | Construction July 2021
- 5 Terrasse-Chartrand : 8 units | 6346173 Cadastre du Québec | Construction June 2020
- 7 Terrasse-Chartrand : 8 units | 6346172 Cadastre du Québec | Construction June 2022
- 9 Terrasse-Chartrand : 8 units | 6346171 Cadastre du Québec | Construction May 2022
- Common area : 6 415 894 Cadastre du Québec
*** See certificate of location for the lot dimensions ***
ADVANTAGEOUS CMHC FINANCING TO ASSUME
- 1 Terrasse-Chartrand : 880,000$ | 2.50% | 40 years | Expiry October 2026 | Desjardins CMHC (regular).
- 3 Terrasse-Chartrand : 880,000$ | 2.50% | 40 years | Expiry October 2026 | Desjardins CMHC (regular).
- 5 Terrasse-Chartrand : 935,000$ | 1.50% | 35 years | Expiry February 2026 | National Bank CMHC (regular).
- 7 Terrasse-Chartrand : 1,235,000$ | 3.80% | 40 years | Expiry October 2027 | National Bank CMHC MLI Select (50 points energy efficiency)
- 9 Terrasse-Chartrand : 1,175,000$ | 3.80% | 40 years | Expiry October 2027 | National Bank CMHC MLI Select (50 points energy efficiency)
Possibility to assume one or many of the existing advantageous financing.
1-3-5 Terrasse-Chartrand : Possibility to qualify for a new CMHC MLI SELECT financing with the energy efficiency criteria.