Immeubles Gloria
2370 Gold, Saint-Laurent
40 residential units, 0 commercial units | 9,000,000$

Description

Financial Overview

Revenue 508,440$
Cost per Unit 225,000$
Cap. Rate 3.38 %
GRM 17.70
NRM 29.57
Return on Cash Flow 2.42 %
Return on Investment 3.64 %

Municipal Evaluation

Previous Assessment 2017-2019 4,289,500$
 
Land 2020-2022 534,100$
Building 2020-2022 4,784,900$
Total 2020-2022 5,319,000$

Highlights

- Beautiful 4-story building with elevator in the heart of Saint-Laurent - Natural gas heating and hot water paid by the owner
- Consisting of 40 large units, 4 1/2 of 900 sq.ft and 5 1/2 of 1100+ sq.ft - Good quality of tenants
- Incredible location minutes away from Royalmount project - The rents are extremely low for the size of units and sector
- Easy access to Du College and De La Savane metros - The current average rent is 1$/sq.ft
- Major government investments in the sector in next few years - Enormous potential to increase the revenues
- Close to Place Vertu, airport, metros, REM and all services - Excellent investment opportunity in an amazing location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 2
2 bdrm 4 ½ 18
3 bdrm 5 ½ 20
4 bdrm + 6 ½ + 0
Total Units   40

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 28
Storage 1
Total Spaces   29

Location

Main Artery Alexis-Nihon
Intersection Highways 40 / 15 S
Shopping Center Place Vertu, Royalmount
Metro Station Du College Metro
Bus 73, 128, 175, 202, 460
Attraction Airport
Hospital Jewish General Hospital
School Vanier / Saint-Laurent Cegep

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank 2x1000L

General Information

Zoning Residential
Cadastral 1238082
Building Type Detached
Floor Nb. 4
Year Built 1966
Lot Area 2144
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator One elevator
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool
Furnished Fridge & stoves
AC units
Basement Garage
Fireplace None
Intercom Yes

Building Overview

Roof Roof completely redone in 2021 (120,000$)
Windows
Balconies Concrete balconies on 1st floor | Fiber glass on upper floors
Exterior Walls Brick pointing done in 2021 (3,000$)
Electricity 600AMP main electrical entry | 60AMP panels with breakers | Many panels replaced in 2021 (25,000$)
Plumbing
Heating System Natural gas high efficiency furnace replaced in 2013 | Heating paid by the owner
Hot Water Tanks 2x1000L hot water tanks | Hot water paid by the owner
Elevator One elevator | Elevator upgraded 2018 (23,000$)
Garage 29 interior garage spaces | Garage door replaced 2018 (3,600$)
Bathrooms Some renovated bathrooms
Kitchens Some renovated kitchens
Certificate of Location Stefan Roy - 2007-11-07
Envrionmental Report Environnement Ecophase Inc. : Phase 1 (2013-07) and Phase 1 Update (2016-12)

Notes

- Intercom system redone in 2019 (2,000$) | Fire alarm panel replaced 2021 (2,300$)
- Hallway carpets 2019 (6,500$) | Painting of corridors 2019 (5,000$)
- Security cameras system
- Zoning: Zone H 12042 Residential
- 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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