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