Immeubles Gloria
2050 Décarie, Notre-Dame-de-Grâce
18 residential units, 0 commercial units | 6,200,000$

Description

Residential
5
1
5
4
3
0
18
0

Financial Overview

Revenue 368,940$
Cost per Unit 344,444$
Cap. Rate 4.37 %
GRM 16.80
NRM 22.86
Return on Cash Flow 3.49 %
Return on Investment 4.98 %

Municipal Evaluation

Previous Assessment 2023-2025 3,295,000$
 
Land 2026-2028 615,700$
Building 2026-2028 3,036,600$
Total 2026-2028 3,652,300$

Highlights

- Prestigious building in the heart of Notre-Dame-de-Grâce - Advantageous zoning that could allow for additional units
- Incredible location near Vendôme metro station (2 min. walk) - Possibility to qualify for advantageous CMHC MLI Select financing
- Quick access to UdeM, McGill, Concordia universities - Good potential to increase the revenues
- Close to MUHC, Jewish General Hospital, Ste-Justine - Amazing investment opportunity in a great location!
- Many apartments have washer/dryer hookups
- Some renovations were done over the last 10 years

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 1
Garage 0
Storage 0
Total Spaces   1

Location

Main Artery Sherbrooke W.
Intersection Décarie / Sherbrooke W.
Shopping Center Royalmount
Metro Station Vendôme
Bus 24, 102, 105, 124
Attraction Victoria Village
Hospital Jewish, General, MUHC
School UdeM, Concordia, McGill

Heating

Energy Source Electricity & Gas
Heating Type Electric Baseboards
Responsibility Tenants & Owner

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Residential
Cadastral 4139772
Building Type Semi-Detached
Floor Nb. 3
Year Built 1939
Lot Area 559
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Some units + laundry room
Dishwasher Hookups
Pool None
Furnished Fridge, stove, washer, dryer
AC units
Basement Apartments
Fireplace
Intercom Yes

Building Overview

Roof
Windows
Balconies
Exterior Walls
Electricity
Plumbing Washer/dryer hookups in some units | Common laundry room in the basement (Coinamatic rental)
Heating System Mostly electric heating paid the tenants | #102 and #104 are heated with natural gas
Hot Water Tanks Electric hot water heating paid by the tenants
Elevator None
Garage None
Bathrooms A few renovated apartments
Kitchens A few renovated apartments
Certificate of Location Richard Grabski - 2013-03-21
Environmental Report Phase 1-2 - Spheratest - 2013

Notes

- Zoning : H.2-6 (2-36 units) | Zone 0761
- There are 5 additional undeclared apartments that generate revenues (see "Other Revenues")
- Electronic apartment locks throughout the building
- Intercom with electronic access key, connected on tenants' cellphones
- Recently renovated common areas and lobby
** 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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