Rue Maurice-Beaudoin
$85,000,000
-
167870 p2
Living area -
479426 p2
Lot size -
N/A
Year of construction
Description
Investment opportunity! Welcome to the new real estate project: Les Jardins Lorrain de Gatineau. Comprising 6 buildings totaling 195 units, with a pool and common space to be built, it's the perfect location for individual investors or a group. With annual income exceeding $5,000,000, this project is situated near the extension of Boulevard La Vérendrye and the Rapibus extension. Offering a mix of housing including 1, 2, and 3-bedroom apartments, it caters to a variety of housing needs in the region. This development prioritizes community, providing a modern lifestyle for its residents.
Manuel Silva
Courtier immobilier résidentiel et commercial
Characteristics
| Types of property | |
| Living area | 167870 p2 |
| Land size | 479426 p2 |
| Parking | Driveway (75) - Garage (188) |
| Evaluation year | N/A |
| Municipal evaluation land | $0 |
| Municipal evaluation building | $0 |
Addenda
Welcome to the project: Les Jardins Lorrain
Discover ModernVision's exceptional real estate project.
The company offers you a turnkey solution, ensuring a
hassle-free experience for buyers. Modern spaces, high-end
finishes, and meticulous attention to detail make our
project an incomparable living space. Choose excellence
with ModernVision and make your real estate dream come true
today.
Area: Rue Maurice-Beaudoin, Gatineau
Harmoniously designed complex with 6 buildings, each 4 to 5
storeys high, comprising 195 units, swimming pool and
common facilities.
Vision :
To create a community-oriented development offering modern
living, architectural excellence and diversified unit types.
195 units
4-5 storeys
54x - 1 bedroom
108x - 2 bedrooms
4x - 2 bedrooms + office
29x - 3 bedrooms
Benefits: Reduced material costs, supply chain control,
faster project delivery.
Green spaces: Enhanced harmonious living environment.
Multifunctional path: Safety for pedestrians and cyclists
in the new neighborhood.
Building configuration: 6 low-rise apartment buildings,
different housing units in each, underground parking.
Building configuration:
-16
-24
-24
-27
-52
-52
Expected income:
Expected net operating income for the first full year is
$3,693,285.
Capitalization rate:
Similar properties have yields of 3.84% to 4.99%. The
recommended rate is 4.10% to 4.60% for this property.
Estimated value:
The property is estimated to be worth between $80,300,000
and $90,100,000. An average value of $85,000,000 is
suggested based on the income approach.
Expected base rent:
Fully occupied at market rates
Projected base rental income: $4,180,800
Parking income:
188 underground parking spaces
Projected rate: $100 per space
Parking income: $225,600 per year
Financial summary:
Acquisition costs
- Land $16,200,000
- Building $68,800,000
- Total - Selling price: $85,000,000
Revenues and expenses:
- Gross operating income: $5,065,200
- Vacancies and credits: $101,304
- Effective gross revenue (EGR): $4,963,896
- Expenses: $1,270,611
Cash flow:
- Net operating income: $3,693,285
- Debt servicing: $2,959,804
- Cash flow (before tax): $733,480
+ Total shareholders' equity (payment of capital): $416,061
- Cash flow + shareholders' equity: $1,149,524
+ Appreciation: $5,955,280
- Cash flow + EQ + App: $7,104,822
Inclusions / Exclusions
Inclusions
195 units built to plan.
Exclusions
N/A
