Immeubles Gloria
4980-4990 Clanranald, Côte-des-Neiges
36 residential units, 0 commercial units | 12,995,000$

Description

Residential
3
0
16
4
13
0
36
0

Financial Overview

Revenue 726,940$
Cost per Unit 360,972$
Cap. Rate 4.06 %
GRM 17.88
NRM 24.57
Return on Cash Flow 2.04 %
Return on Investment 4.37 %

Municipal Evaluation

Previous Assessment 2023-2025 5,918,000$
 
Land 2026-2028 2,236,900$
Building 2026-2028 4,825,300$
Total 2026-2028 7,062,200$

Highlights

- Extensively renovated 36-unit apartment building in Côte-des-Neiges - 34 of the 36 units have been completely renovated
- Prime location just 750 m from Snowdon Metro station - Electric heating paid by the tenants
- Quick access to UdeM, HEC, Polytechnic, Marianopolis, Brébeuf - Good quality tenants in place.
- Close to the MUHC, Jewish General, Ste-Justine, St. Mary’s - Advantageous CMHC MLI Select financing to be assumed
- Over $3,000,000 invested in renovations since 2021 - Potential to requalify for a new CMHC MLI Select loan in the future
- Major work completed on electrical, plumbing, roofing, brick, balconies - Outstanding turnkey investment opportunity!

Residential

Studio 1 ½ 3
Alcove 2 ½ 0
1 bdrm 3 ½ 16
2 bdrm 4 ½ 4
3 bdrm 5 ½ 13
4 bdrm + 6 ½ + 0
Total Units   36

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 13
Storage 21
Total Spaces   34

Location

Main Artery Décarie
Intersection Décarie / Queen-Mary
Shopping Center Royalmount
Metro Station Snowdon, Villa-Maria
Bus 17, 51, 166, 371
Attraction Monkland Village
Hospital MUHC, Jewish General
School UdeM, Marianopolis

Heating

Energy Source Electricity
Heating Type Heat pump
Responsibility Tenants

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 2087954
Building Type Detached
Floor Nb. 3
Year Built 1955
Lot Area 1720
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool None
Furnished
AC units Heat pump
Basement Garage
Fireplace
Intercom Yes

Building Overview

Roof TPO roof (2021-2022)
Windows
Balconies All balconies redone (2021-2022)
Exterior Walls Major brick work done (2021-2022)
Electricity Electricity completely redone (2021-2022)
Plumbing Plumbing completely redone in 2021-2022 (except underground)
Heating System Electric heating paid by the tenants (heat pump + electric baseboards)
Hot Water Tanks Central high-efficiency natural gas hot water heater (2021–2022) | Hot water paid by the owner
Elevator None
Garage 13 interior spaces (2 tandem spaces)
Bathrooms 34 of the 36 units have been fully renovated
Kitchens 34 of the 36 units have been fully renovated
Certificate of Location Jean-Philippe Grondin - 2023-01-11
Environmental Report Phase 1 and 2 (February 2021)

Notes

- Zoning: Usage H.6-7 (12 units +) | Zone 0355
- Over $3,000,000 invested in renovations in 2021-2022.
- Potential to lease the 20 basement lockers and the 750 sq. ft. storage space to generate additional income.
- Energy efficiency report confirming the potential to qualify again for a CMHC MLI Select loan (50 points for energy efficiency).
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the buyer’s own risks. ***
Top