Curé-Labelle, Mirabel - Francois Gagnon
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13219
Curé-Labelle,
Mirabel FOR SALE
Francois Gagnon
CELL PHONE
514-927-1837
EMAIL
francois@pmml.ca
PMML.CA
Descriptive sheet generated on : 2021-02-28 14:37
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PROPERTY
DESCRIPTION
17 UNITS, MIRABEL - SQUARE MIRABEL is a high-end
contemporary project offering luxury condo-style housing
ranging from 740 to 1,450 sf in a set of 6 homogeneous
buildings. The location of the buildings meets the urban ideal
by improving the visual quality of the project from the public
domain and for residents. BUY YOUR PROJECT HERE
H IGH L IGH TS
ASKING PRICE
5 450 000 $
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
NUMBER OF UNITS
3x5.5 + 9x4.5 + 5x3.5
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NUMBER OF
PA R K I N G S
19 interior I 11
exterior I 2
visitors
RESPONSABILITY RESPONSABILITY
F O R H O T WAT E R F O R H E AT I N G
Tenants Tenants
RESPONSABIL ITY FOR APPL IANCES
Tenants
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
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13219 Cu ré-L ab elle, Mirab el
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
BUILDING DESCRIPTION
G ENERAL MUNICIPAL
INFORMATIONS ASSESSMENT
CADASTRAL NUMBER LAND
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3 156 250 To be divided in 3 lots Not issued
LAND AREA BUILDING
Not issued Not issued
TOTAL
Not issued
CONSTRUCTION
YEAR BUILT
To be built
BUILDING TYPE
Detached
CONSTRUCTION TYPE
Brick and wood
OTHER INFORMATION
Elevator
SIGNIFICANT CAPIT AL EXPENDIT URES
IN T HE LAST 10 YEARS
Wall-mounted heat pump air conditioning18,000 BTU
Wall-mounted heat pump air conditioning 12,000 BTU for small units
Air exchanger and central vacuum
17 storage spaces in the garage
Pre-wiring for electric car charging station in the garage
Semi-buried waste containers
Delivered with finished landscaping (lawn and shrubs)
OT HER INFORMAT ION
Large master bedroom with Walk-in
Glass shower and self-supporting bath
9' high ceiling
Snow removal and lawn costs are included in maintenance costs
The remarks, descriptions, features and financial projections contained in the present document are for information only and should not be considered as being official or accurate without due
diligence verification. The information herein disclosed comes from sources that we consider to be reliable, but for which we cannot guarantee the accuracy. It is upon the buyer’s responsibility to
verify all the information and to declare himself satisfied or not of his due diligence verification performed after an accepted promise to purchase.
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
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FEATURES
HEATING SYSTEM ENVIRONMENTAL STUDY
Electric baseboards | Electric Yes | May 2019
fireplace
CONDITION OF ROOF
HOT WATER SYSTEM Elastomeric membrane
Independent tanks | 60 gallons
SIDING
ELECTRICAL PANELS Brick, fiber cement and acrylic
Breakers | 125 amp./unit
CONDITION OF BALCONIES
PLUMBING Aluminum
Pex
CONDITION OF DOORS
WASHER AND DRYER OUTLET Energy Star
In all the units
CONDITION OF WINDOWS
LAUNDRY Energy Star Hybrid
None
PARKING SURFACE
CONDITION OF THE KITCHENS Interior and exterior, asphalted
High end | Quartz counter
INTERCOM SYSTEM
CONDITION OF THE BATHROOMS Yes | Intercom with camera
High end | Quartz counter
FIRE ALARM SYSTEM
FLOOR COVERING Central panel
Concrete slab; laminated 10mm +
ceramic JANITOR AGREEMENT
To be verified
OTHER INFORMATION
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
REVENUE
% RPU(M)
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RESIDENTIAL 327 312 $ 100,00 % 1 604 $
COMMERCIAL
PARKING
LAUNDRY
STORAGE
TOTAL REVENUE 327 312 $ 100,00 % 1 604 $
EXPENSES
YEARLY %/GR CPU
VACANCY/BAD DEBT CMHC 16 366 $ 5,00 % 963 $
ADMINISTRATION CMHC 16 366 $ 5,00 % 963 $
MUNICIPAL TAXES ESTIMATED 41 640 $ 12,72 % 2 449 $
SCHOOL TAXES ESTIMATED 4 838 $ 1,48 % 285 $
INSURANCE ESTIMATED 6 562 $ 2,00 % 386 $
ELECTRICITY ESTIMATED 4 080 $ 1,25 % 240 $
HEATING Actual
SNOW REMOVAL Actual
ELEVATOR ESTIMATED 1 700 $ 0,52 % 100 $
EQUIPMENT RENTAL Actual
MAINTENANCE RESERVE CMHC 8 500 $ 2,60 % 500 $
WAGES/JANITOR CMHC 5 100 $ 1,56 % 300 $
FURNITURE RESERVE Actual
TOTAL EXPENSES 105 152 $ 32,13 % 6 185 $
NET INCOME 222 160 $ 13 068 $
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
FINANCING
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CONVENTIONAL CMHC ASSUMPTION
MAXIMUM LOAN AMOUNT 3 059 000 $ 3 975 000 $
FINANCING CAP RATE 5.45 % 4.75 %
DEBT COVERAGE RATIO 1.25 1.47
INTEREST RATE 3.25 % 2.29 %
AMORTIZATION 25 YEARS 40 YEARS
TERM 5 YEARS 5 YEARS
C A S H FLOW
CONVENTIONAL CMHC ASSUMPTION 1 & 2
NET REVENUE 222 160 $ 222 160 $
ANNUAL MORTGAGE COST 178 462 $ 159 507 $
NET CASH AFTER MORTGAGE 43 698 $ 62 653 $
RETURN ON INVESTMENT ON ASKING PRICE
CASHDOWN NEEDED 2 391 000 $ 1 475 000 $
CASH ON CASH RETURN 1.83 % 4.25 %
RETURN ON LIQUIDITY +
CAPITALIZATION
5.21 % 8.64 %
IRR WITH 2% MARKET APPRECIATION 9.77 % 16.03 %
COST PER GROSS REVENUE NET REVENUE FINANCING
UNIT MULTIPLICATOR MULTIPLICATOR CAP RATE
320 588 $ 16,7 24,5 4.08 %
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
AC.LMMP
Descriptive sheet generated on : 2021-02-28 14:37
CO M M E RCIA L RE A L E STATE A G E N CY A N D M O RTG A G E BRO KE RA G E F IRM 
AC.LMMP
Descriptive sheet generated on : 2021-02-28 14:37
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