Triplex - 5233-5243 Rue St-Denis
EXCEPTIONAL INVESTMENT OPPORTUNITY ! 2 triplex very well maintained, excellent tenants. Positive cashflow in the very first year!
Gross Income 139,135$
GIM (Price/Income) 14.4%
Required Down Payment (40%) 799,600$
Gross Annual Rental Income* 139,135$
Annual Expenses** 29,693$
Annual Borrowing Cost (interest)*** 47,063$
Net Annual Income**** 62,378$
ROIC (Net Income/Down Payment) 7.8%
ROIC in 5 years 10.6%
* Includes a 40% tax reimbursement from 2 business tenants
**Insurance, Municipal & School Taxes, 5% Maintenance
***Assumes 4% interest, 5 year Term, 25 year amortization Mortgage
****Assumes 1.5% Annual Residential rent increase & Commercial rent increase as stated in 5 year commercial lease.
Excellent location, East side of St-Denis Street in the heart of the Plateau. Full occupancy, all leases renewed. Stated lot dimensions, Municipal & School Taxes, evaluation are for both lots.
Stated income includes rent from 6 units and a partial reimbursement of Municipa & School Taxes, and Business Tax from commercial tenants.
GST & QST will be applicable on commercial part of purchase price only. Amount to be verified by buyer's Notary & Tax Advisor.
All Inspections & Expert Assessment will be paid for by buyer.
Buyer must accept Certificate of Location "as is" with easements, Rights of Way & city zoning bylaws. Seller declares that the business (restaurant) located at 5237 benefits from an acquired right to operate.
Please see Sellers Declaration for detailed list of improvements & renovations.
See listing broker for the complete list of inclusions.
See listing broker for the complete list of exclusions.
|Availability||30 September 2025|
|Municipal tax||$17,938 / year|
|School tax||$2,151 / year|
|Gross annual income||$139,128|
|Sewage system||Municipal sewer|
|Heating system||Electric baseboard units|
|Type of property||Triplex|
|Type of building||Attached|
|Building dimensions||15 x 18 m (irregular)|
|Land dimensions||15 x 30 m|
|Municipal Taxes (2019)||$17,938|
|School taxes (2018)||$2,151|
|Unit Type||Total||Total empty||Surface||Description|