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$453,000

1412-1188 Av. Union, Montréal (Ville-Marie), QC, H3B 0E5

MLS® # 9982574

1 Beds

1 Bath

60.4 METERSQ sqft

Property Information:

Beautiful 1 BDR+Den luxury condo located in the heart of downtown Montreal, in the prestigious financial district. Plastered high ceilings, large windows, wood floors, separate glass shower, breakfast bar and private balcony. Competitive price in an unbeatable location! Included Garage(SS223) and locker (L013)

TOM CONDOS
-24/7 security and valet service.
-Gym, aerobic studio, sauna, serene terrace, and party room with kitchen
-Rooftop terrace on the 41st floor.
-Indoor pool
-24/7 security and valet service.
-Gym, aerobic studio, sauna, serene terrace, and party room with kitchen
-Rooftop terrace on the 41st floor.
-Indoor pool

PROXIMITY
-Across the street from metro and train stations
-Place Ville-Marie
-UQAM
-McGill University
-Concordia University
-Place Bonaventure
-Bell Centre
-The Eaton Centre
-Medical clinics, essential services

And more... A must see!

Inclusions: refrigerator, hot plate, dishwasher, washer and dryer, Garage(SS223) and locker (L013)

Building Features:

  • Style: Apartment
  • Cadastre - Parking: Garage
  • Garage: Heated
  • Parking: Garage
  • Heating System: Forced air, Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Taxes:

  • Municipal Tax: $3,419
  • School Tax: $445
  • Annual Tax Amount: $3,864

Expenses:

  • Condo Fees: $613 Monthly

Property Assessemnt:

  • Lot Assessment: $41,800
  • Building Assessment: $502,000
  • Total Assessment: $543,800

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1
  • Built in: 2018
  • Floor Space (approx): 60.4 Square Metres
  • Zoning: RESI
  • No. of Parking Spaces: 1

Rooms:

  • Bedroom Other level 2.77 m x 3.58 m Flooring: Wood
  • Bathroom Other level 1.52 m x 2.82 m Flooring: Ceramic
  • Living Other level 3.35 m x 3.05 m Flooring: Wood
  • Kitchen Other level 2.49 m x 2.06 m Flooring: Ceramic
  • Den Other level 2.59 m x 2.44 m Flooring: Wood

Convert Measurement to:


Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Potential Investment Performance

Cumulative ROI

-40.6%

Cumulative Market Appreciation

-$26,103

Net Operating Income in Year 5

$12,589

Cash on Cash Return in Year 5

-8.2%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$90,600
Mortgage Amount $362,400
Mortgage Payment
%
$1,880

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,086
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $1,200
Net Operating Income $886
Debt Service
Mortgage Payment $1,880
Net Cash Flow -$994

Cap Rate

2.35%

Acquistion Costs

Down Payment $90,600
Land Transfer Tax $0
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $92,600

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $90,600 - - - - - - - - -
Closing Costs $2,000 - - - - - - - - -
Mortgage Paydown $5,638$5,909$6,193$6,491$6,803$7,130$7,472$7,832$8,208$8,603
Total $98,238$5,909$6,193$6,491$6,803$7,130$7,472$7,832$8,208$8,603
Cash Invested $98,238$104,148$110,341$116,833$123,636$130,766$138,239$146,071$154,280$162,883
Rental Cash Flows
Rent and other income $25,035$25,786$26,560$27,357$28,178$29,023$29,894$30,790$31,714$32,666
Operating Expenses -$14,401-$14,714-$15,035-$15,363-$15,699-$16,042-$16,393-$16,751-$17,118-$17,493
Mortgage Payment -$22,564-$22,564-$22,564-$22,564-$22,564-$22,564-$22,564-$22,564-$22,564-$22,564
Net Cash Flow -$11,929-$11,491-$11,039-$10,570-$10,085-$9,582-$9,063-$8,524-$7,967-$7,391
Returns
Property Price Appreciation -$5,345-$5,282-$5,219-$5,158-$5,097-$5,037-$4,977-$4,919-$4,861-$4,803
Mortgage Paydown $5,638$5,909$6,193$6,491$6,803$7,130$7,472$7,832$8,208$8,603
Net Cash Flow -$11,929-$11,491-$11,039-$10,570-$10,085-$9,582-$9,063-$8,524-$7,967-$7,391
Total Return -$11,636-$10,864-$10,065-$9,237-$8,379-$7,490-$6,567-$5,611-$4,620-$3,592
Cumulative Return -$11,636-$22,500-$32,566-$41,804-$50,183-$57,673-$64,241-$69,853-$74,473-$78,066
Investment Metrics
Cumulative ROI -11.8% -21.6% -29.5% -35.8% -40.6% -44.1% -46.5% -47.8% -48.3% -47.9%
Cash On Cash -12.1% -11.0% -10.0% -9.0% -8.2% -7.3% -6.6% -5.8% -5.2% -4.5%

Location of 1412-1188 Av. Union, Montréal (Ville-Marie), QC, H3B 0E5

Demographic Information of 1412-1188 Av. Union, Montréal (Ville-Marie), QC, H3B 0E5

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$159,095.73

Average Number of Children

1.45

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

2.86 %

High school certificate or equivalent

19.32 %

Apprenticeship trade certificate/diploma

2.09 %

College/non-university certificate

12.61 %

University certificate (below bachelor)

5.41 %

University Degree

57.7 %

Commuter

Travel To Work

By Car

36.84 %

By Public Transit

25.74 %

By Walking

28.86 %

By Bicycle

2.81 %

By Other Methods

5.74 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

99.96 %

Houses

Own Vs. Rent