Immeubles Gloria
255 Square-Saint-Louis, Plateau-Mont-Royal
15 residential units, 0 commercial units | 3,995,000$

Description

Residential
15
0
0
0
0
0
15
0

Financial Overview

Revenue 224,760$
Cost per Unit 266,333$
Cap. Rate 3.87 %
GRM 17.77
NRM 25.79
Return on Cash Flow 1.19 %
Return on Investment 3.70 %

Municipal Evaluation

Previous Assessment 2023-2025 2,262,700$
 
Land 2026-2028 455,200$
Building 2026-2028 2,169,500$
Total 2026-2028 2,624,700$

Highlights

- Renovated building with 15 high-end studios on Square St-Louis - Shared rooftop terrace with views of downtown Montréal
- AAA location in the heart of Plateau-Mont-Royal - Stabilized asset with 100% occupancy over the past 3 years
- 300 metres from Sherbrooke Metro and the Quartier Latin - Strong long-term rental growth potential
- Historic 1885 architecture with authentic Montréal character - Rare turnkey investment opportunity in an AAA location
- Over $1,500,000 invested in renovations since 2022
- Electrical, plumbing, windows, kitchens, bathrooms and more

Residential

Studio 1 ½ 15
Alcove 2 ½ 0
1 bdrm 3 ½ 0
2 bdrm 4 ½ 0
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   15

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery St-Denis
Intersection St-Denis / Sherbrooke
Shopping Center Place Dupuis
Metro Station Sherbrooke Metro
Bus
Attraction Square-St-Louis
Hospital Notre-Dame Hospital
School UQAM

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 1202049
Building Type Semi-Detached
Floor Nb. 3
Year Built 1885
Lot Area 0
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator
Wash/Dry Hookups
Dishwasher Hookups
Pool
Furnished
AC units
Basement
Fireplace
Intercom

Building Overview

Roof Roof replaced (2023) | Rooftop terrace accessible to tenants
Windows Doors and windows replaced (2023)
Balconies Installation of a new galvanized steel emergency staircase in the interior courtyard
Exterior Walls Repair of the shared masonry wall (interior portion)
Electricity Electricity completely redone (2023) | 400A main electrical entry | 17 Hydro-Québec meters (1 per unit + 2 service meters)
Plumbing 90% of plumbing redone (2023) | Shared laundry room on each floor
Heating System Electric heating paid by tenants | Wall-mounted heat pumps in all units
Hot Water Tanks Electric hot water paid by tenants | Individual tank in each unit
Elevator None
Garage None
Bathrooms All units fully renovated
Kitchens All units fully renovated
Certificate of Location 2013-02-25
Environmental Report Phase 1 - NCL Envirotek - (2022)

Notes

- Zoning: Usage H.2-3 | Zone 0486
- Walk Score: 100 | Bike Score: 100
- Included in the leases: Wifi, heat pump, fridge, stovetop, microwave, stools (2), curtains, wall-mounted TV
*** 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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