Immeubles Gloria
1005 Rielle, Verdun
36 residential units, 0 commercial units | 8,850,000$

Description

0
1
23
12
0
0
36
0

Financial Overview

Revenue 504,600$
Cost per Unit 245,833$
Cap. Rate 3.70 %
GRM 17.54
NRM 26.99
Return on Cash Flow 1.82 %
Return on Investment 2.87 %

Municipal Evaluation

Previous Assessment 2020-2022 3,818,900$
 
Land 2023-2025 1,423,900$
Building 2023-2025 3,998,900$
Total 2023-2025 5,422,800$

Highlights

- Incredible opportunity for an optimization project in the heart of Verdun - Possibility to convert to electrical heating and hot water
- Next to Wellington street, voted “World’s Coolest Street” in 2022 - The current zoning allows for a 4-story construction
- 500m away from Verdun metro and 900m away from De l’Église metro - Renovated multi-res on the same street sold for over 300,000$/door
- Near Arthur-Therrien Park with access to Verdun’s Beach - Market rents in the area more than justify the renovation investments
- Currently 15 vacant apartments ready to be renovated - Exceptional location with a great development upside!
- The remaining rents are extremely low for the sector

Residential

Studio 1 ½ 0
Alcove 2 ½ 1
1 bdrm 3 ½ 23
2 bdrm 4 ½ 12
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   36

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 25
Storage 25
Total Spaces   50

Location

Main Artery Wellington St.
Intersection De l'Église
Shopping Center IDS shopping mall
Metro Station Verdun Metro and De L'Église
Bus 37, 58, 61, 107, 108
Attraction Promenades Wellington
Hospital MUHC
School Concordia, McGill, UQAM

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 1183363
Building Type Semi-Detached
Floor Nb. 3
Year Built 1965
Lot Area 13807
Building Area 8979
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished None
AC units
Basement Garage and lockers
Fireplace No
Intercom Yes

Building Overview

Roof
Windows
Balconies Fiber glass balconies
Exterior Walls Concrete basement with garage | Wood structure | Brick façade in good general condition
Electricity Electrical conversion possibility | 60AMP panels with breakers in all apartments
Plumbing Currently laundry room in the basement | Washer/dryer hookups could be added in the units
Heating System Lochinvar natural gas boiler (2010) | Could be converted to electrical heating paid by the tenants
Hot Water Tanks Lochinvar natural gas boiler (2010) | Could be converted to electrical hot water paid by the tenants
Elevator None
Garage 25 interior garage spaces | 18 lockers
Bathrooms Original bathrooms | Generally in good condition
Kitchens Original kitchens | Generally in good condition
Certificate of Location Jean-Philippe Giguère - 2022-01-24
Envrionmental Report Phase 1 - Ortam - 2021-07-29

Notes

- The current H4 zoning allows for 4-story construction
- Walk Score : 84 | Bike Score : 93
- Wellington street in Verdun has been voted coolest street in the world in 2022 by Time Out
- Detailed architect plans are available upon request
- The information presented above are to be verified by the buyer during the inspection period.
*** 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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