Investing in Saint-Hubert
Rental potential in Saint-Hubert
The metropolitan airport, the Canadian Space Agency, the École nationale d'aérotechnique and aerospace companies generate housing demand from workers and students. The rental stock includes duplexes, triplexes and a few multi-unit buildings, often near chemin de Chambly and the major boulevards. Commercial and industrial land around the airport also interests investors.
How we analyze a plex
Gross income multiplier
The asking price compared with the building's income and with plexes sold in the area.
Net income
Actual rents minus taxes, insurance, energy, maintenance and vacancy: what you really keep.
Comparable sales
Plexes recently sold in Saint-Hubert and the surrounding area, and the price per door, adjusted for the condition of the building.
Municipal assessment
The relationship between the price and the municipal assessment, to help frame an offer.
Before buying a plex in Saint-Hubert
- The current leases and the renewal notices for each unit.
- Vacant units and market rents in the area.
- The condition of the building: roof, windows, plumbing, electrical and foundation.
- The number of dwellings allowed by the zoning.
- Municipal and school taxes, insurance and energy.
- Financing: the down payment varies depending on the number of units and whether you live in the building.
For an $800,000 plex in Saint-Hubert, the welcome tax is approximately $12,659. Calculate it for your price →