Immeubles Gloria
3441 Jeanne-Mance, Plateau-Mont-Royal
29 residential units, 0 commercial units | 8,500,000$

Description

Residential
8
4
5
12
0
0
29
0

Financial Overview

Revenue 452,720$
Cost per Unit 293,103$
Cap. Rate 3.73 %
GRM 18.78
NRM 26.81
Return on Cash Flow 1.12 %
Return on Investment 3.68 %

Municipal Evaluation

Previous Assessment 2023-2025 5,152,000$
 
Land 2026-2028 907,900$
Building 2026-2028 5,092,100$
Total 2026-2028 6,000,000$

Highlights

- Investment opportunity in the heart of the McGill Student District - Electric heating and hot water paid by most tenants
- Incredible location 350m away from Place-des-Arts metro station - Great potential to increase the revenues
- Walking distance to McGill (650m) and UQAM (300m) - Incredible investment opportunity in sought-after neighbourhood!
- Attractive size mix suited to attract the student demographic
- 20 units out of 29 have been renovated recently
- Recent replacement of electrical and plumbing systems

Residential

Studio 1 ½ 8
Alcove 2 ½ 4
1 bdrm 3 ½ 5
2 bdrm 4 ½ 12
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   29

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Sherbrooke W.
Intersection Sherbrooke W. / Park av.
Shopping Center Eaton Centre
Metro Station Place-des-Arts (350m)
Bus
Attraction Mont-Royal Park
Hospital Hôtel-Dieu, CHUM
School McGill (650m), UQAM (300m)

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Residential
Cadastral 2160546
Building Type Semi-Detached
Floor Nb. 3
Year Built 1941
Lot Area 349
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished Fridge, stove, microwave
AC units
Basement
Fireplace
Intercom Yes

Building Overview

Roof Elastomeric membrane (2024 | 100,000$)
Windows
Balconies
Exterior Walls
Electricity 100 AMP with breakers | 30 individual Hydro-Quebec meters
Plumbing ABS/ Pex
Heating System Electric heating paid by the tenants (except for apartments #4 and #14)
Hot Water Tanks Electric hot water tanks in the basement | Paid by the tenants
Elevator None
Garage None
Bathrooms 20 apartments were renovated in the last 3 years
Kitchens 20 apartments were renovated in the last 3 years | Fridge, stove, microwave included
Certificate of Location Etienne Cote - 2016-05-10
Environmental Report Phase 1 - Groupe Ortam - 2024-10-15

Notes

- Zoning: H.1-6 (1 to 36 units) | Zone 0496
- Walk Score: 99% | Bike Score: 99%
*** 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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