Our building

Your bonds will help house low-income tenants and help keep Parc Extension diverse and dynamic for generations. Here's a look at our target property.

 
 
 

Target property

Characteristics:

  • Number of units: 12
  • Lot area: 2700 sq ft
  • Heating: natural gas
  • Hardwood flooring
  • Laundry room on site
  • A wheelchair accessible common space
  • Common space are: 1200 sq ft
  • Playground and picnic area in the backyard
 
 

Amenities and services

Brick by brick helps to strengthen community by offering:

 
  • Affordable, spacious, clean, and well maintained apartments
  • Wheelchair access to common space
  • Green spaces and playground
  • Community garden and food bank
  • Access to municipal recreational facilities
  • Access to college libraries and continuing education
  • Daily breakfast programme
  • Childcare facilities and support
  • After school programming
  • Training in cooperative management
  • Multilingual translation service (Greek, Urdu, Hindi, Creole, French, English)
  • Access to communications and conflict resolution training
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Financial projection

Our objective is to issue $250 000 worth of bonds in 2018. These bonds will cover part of the cost of purchasing the property as well as the fixed acquisition costs.

Brick by Brick's community bonds are secured against its assets: the land and building that it owns.

Target building appraisal:

  • Municipal evaluation: $800K
  • Market value in 2017: $1.1M
  • Gross income: $80 000
  • Annual operating cost: $30 000
  • Net income: $50 000
  • Target mortgage length: 25 yr
  • Refinancing interval: 5 yr

Financial projection overview:

2015 Appraisal, including 2019 renovations, excluding appreciation

Évaluation foncière, Municipalité de Montréal. En vigueur pour les exercices financiers 2017-2018-2019

Insurance:

A copy of our comprehensive building and liability insurance will be available upon request.