7-unit building constructed in 2024, fully rented: income of $108,720/year, GRM of 15.63 and $242,714 per door. Five 5½ and two 3½ units at Domaine Haute-Rive, in East Angus. Heating and electricity paid by tenants; Section F of the lease applies. CMHC financing at 4.69% until 2029, assumable subject to lender approval. Quartz countertops, wall-mounted heat pump, parking and storage shed for each unit; the 5½ units feature a freestanding tub, large shower, powder room and walk-in pantry. No. 90, next door and with the same layout, is also available.
Revenue
Five 5½ units at $1,440 per month and two 3½ units at $930
per month, for a total of $108,720 per year. All leases end
on June 30, 2027. Internet, parking (2 spaces per 5½, 1
space per 3½) and an outdoor storage shed are included.
Heating and electricity are paid by the tenants, and no
appliances are supplied by the owner.
Building under five years old
Section F of the lease (art. 1955 C.C.Q.) applies: the
Tribunal administratif du logement (Québec's housing
tribunal) cannot fix the rent during the five years
following the date the building became ready for habitation.
Construction
Three-storey building constructed in [2024 / 2025], brick
and vinyl siding, gross floor area of approximately 8,650
sq. ft. according to the assessment roll. Wall-mounted heat
pump in each unit.
Financing
CMHC-insured National Bank loan (MLI Select), 4.69% fixed
until February 10, 2029, 40-year amortization.
Any assumption of the loan is subject to approval by the
lender and CMHC.
Lot and parking
The parking entrance is shared with [90 / 80] rue de la
Haute-Rive. The property is subject to the Domaine
Haute-Rive community harmony bylaws. A certificate of
location dated April 15, 2024 is available.
Acquiring both buildings
[90 / 80] rue de la Haute-Rive, next door and with the same
layout, is also for sale. An investor can acquire both, for
a total of 14 recent units side by side.
Investor package
Leases, income and expense statement, tax bills,
certificate of location and financing details are available
to serious buyers.
| Type | |
|---|---|
| Style | Detached |
| Dimensions | 53.6x52.6 P |
| Lot Size | 13027.6 PC |
| Insurance | $ 3989 / year |
|---|---|
| Snow removal / Lawn mowing | $ 2837 / year |
| Municipal Taxes (2026) | $ 14134 / year |
| School taxes (2026) | $ 1064 / year |
| Roofing | Asphalt shingles |
|---|---|
| Available services | Balcony/terrace, Outdoor storage space |
| Proximity | Bicycle path, Daycare centre, Elementary school, Golf, High school, Park - green area |
| Siding | Brick, Vinyl |
| Window type | Crank handle |
| Heating system | Electric baseboard units |
| Heating energy | Electricity |
| Topography | Flat |
| Cupboard | Melamine |
| Sewage system | Municipal sewer |
| Water supply | Municipality |
| Foundation | Poured concrete |
| Windows | PVC |
| Zoning | Residential |
| Equipment available | Ventilation system, Wall-mounted heat pump |
80 Rue Haute Rive, East Angus, QC J0B 1R0
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