A building (2 commercial and 3 residential units) is available for sale at an asking price of $2.5 million.

Asking price: $ 2,500,000

Municipal Assessment : $1,380,700 (2020)

Available commercial area: From 800 sqft to 3,675 sqft

Lot area:3,201.2 sqft

Lot dimension: 43.3 x 74 P

Livable surface: 6881 PC

Number of units: Residential (3), Commercial (2)

Residential units: 2 x 4 , 1 x 6

• Main unit

4 rooms, 2 bedrooms, 1 bathroom

Potential gross revenue: $163,668

Expenses: Municipal Taxes: $27,921, School Taxes: $1,281

• Suit #5052

4 , 2nd floor,

2 bedrooms, with balcony

Include laundry machine and dryer

For residence

Rent: $1,500

• Suit #5054

4 , 3rd floor

2 bedrooms, with balcony

Include laundry machine and dryer

For residence

Rent: $719 (lower than the local rent of $1,500)

• Suit #5048

6 , spans two floors (2nd floor & 3rd floor)

2nd floor includes: 1 bathroom, 1 living room, 1 bedroom, 1 balcony

3rd floor includes 1 kitchen, 1 dining room, 2 bedrooms, 1 bathroom (include laundry machine & dryer), 1 balcony. Rent not mentioned

+/) 100% Normal text Times New.. 9 + BIUA ASSUMPTIONS Most likely Pessimistic Optimistic Purchase Price $2.550.000 $2.595.000 $2.500,000 Cap Rate 5.279% 5.18% 5.38%3 Acquisition Expenses $29.202 $29,202 $29.202 Revenue Growth Factor 2.5% 1.5% 3.0% Expense Growth Factor 1.5% 1.5% 1.5% Financing LTV 85% 95% 80% Financing amount 2,167,500 2.465,250 2,000.000 Mortgage rate 2.44% 2.94% 2.379% Mortgage monthly rate 0.2033% 0.2450% 0.1975% Mortgage amortization Period 25 20 25 Equity funding 637,500 1,299,196 626,838 Own Equity 318,750 649,598 313.419 Investor Equity 318,750 649.598 313.419 Exit cap rate Sale expenses 146,593 148,180 114.975