Immeubles Gloria
315 Rielle, Verdun
32 residential units, 0 commercial units | 11,250,000$

Description

Residential
0
2
17
13
0
0
32
0

Financial Overview

Revenue 565,032$
Cost per Unit 351,563$
Cap. Rate 3.75 %
GRM 19.91
NRM 26.61
Return on Cash Flow 1.33 %
Return on Investment 3.88 %

Municipal Evaluation

Previous Assessment 2023-2025 4,473,000$
 
Land 2026-2028 821,400$
Building 2026-2028 4,277,800$
Total 2026-2028 5,099,200$

Highlights

- Completely renovated building of 32 units in the heart of Verdun - High-end finishings: quartz countertops, noise insulation, etc.
- De l’Église metro station 250 meters away (3 minutes walk) - Extensive electrical, plumbing, brick and foundation work done
- Next to Wellington Street, voted “World’s Coolest Street” in 2022 - Electrical heating paid by the tenants | Hot water paid by owner
- All the cafés, restaurants/bars, fine cuisine grocery stores nearby - Possibility to build-out an office space on the 4th floor (penthouse unit)
- Near Arthur-Therrien Park with access to Verdun’s Beach - Possibility to qualify for a CMHC MLI Select financing
- All the units were completely renovated in 2019-2020 - Amazing turn-key investment opportunity in a prime location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 2
1 bdrm 3 ½ 17
2 bdrm 4 ½ 13
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   32

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 6
Storage 1
Total Spaces   7

Location

Main Artery Wellington St.
Intersection Highway 15 S.
Shopping Center IDS shopping mall
Metro Station De l'Eglise Metro
Bus 37, 58, 61, 107, 350
Attraction Promenades Wellington
Hospital Verdun Hospital
School Concordia, McGill, UQAM

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 1183690
Building Type Attached
Floor Nb. 3
Year Built 1968
Lot Area 566
Building Area 495
Stove Included in leases
Refrigerator Included in leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool None
Furnished Fridge & stove
AC units None
Basement Garage and units
Fireplace None
Intercom Yes

Building Overview

Roof Elastomeric membrane and fascia (2017)
Windows All the windows and doors replaced (2019)
Balconies Aluminium balconies redone (2019)
Exterior Walls Masonry, sills and brick pointing (2019) | Foundation repaired (2019) | Basement concrete floor and ramp redone
Electricity Breaker panels and most wiring in all apartments redone (2019)
Plumbing Drains, roof vents, PVC piping all around, copper entries, wirsbo/copper hot and cold, french drain
Heating System Electrical heating paid by the tenants | Electrical baseboards replaced (2019)
Hot Water Tanks Natural gas hot water boiler (2019) | Hot water paid by the owner
Elevator None
Garage All wiring and electrical replaced, main, heaters, garage door motor (2019) | 6 interior garage spaces and some bicycle racks
Bathrooms 100% of the units completely renovated (2019)
Kitchens 100% of the units completely renovated (2019) | Quartz countertops, stainless steel appliances
Certificate of Location Martin Lavoie - 2017-10-11
Environmental Report Phase 1 and 2 (2018-02) | Phase 1 (2020-04)

Notes

- Complete building renovation in 2019-2020
- Apartments: Sound insulation (double gypse, cellulose for floors), hardwood and porcelain floors, new ventilation
- Common areas electricity redone: main, exterior lights, cameras, intercom, internet and server room, etc.
- Common areas: Flooring rebuilt, metal support in basement, stairs repaired, new basement slab | Fire security entire system brought to code
- Possibility to build-out office space on the 4th floor (penthouse unit). Patio door, drains, water lines are existing in the unit.
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the buyer's own risks. ***
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