Income properties for sale
1 - 9, Terrasse Chartrand, Franklin
$7,995,000
$7,995,000
Income properties for sale
1 - 9, Terrasse Chartrand, Franklin
Features
Use of property
Residential
Year built
2021
Lot area
94,360 sqft
Parking (total)
Driveway (61)
Number of units
Residential (36)
Residential units
36 x 4 ½
Potential gross revenue
$542,005
Description
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 Ormstown and 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!
Centris No. 13771745
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $156,200 |
| Building | $4,710,500 |
| Total | $4,866,700 |
| Taxes | |
|---|---|
| Municipal (2024) | $74,829 |
| School (2024) | $3,834 |
| Total | $78,663 |
| Expenses | |
|---|---|
| Insurance | $18,340 |
| Superintendent | $7,740 |
| Snow removal | $5,500 |
| Maintenance | $16,200 |
| Management/Administration | $22,347 |
| Garbage | $10,982 |
| Total | $81,109 |
See all financial details