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

Description

Residential
0
6
5
5
2
0
18
0

Financial Overview

Revenue 371,080$
Cost per Unit 344,444$
Cap. Rate 4.40 %
GRM 16.71
NRM 22.68
Return on Cash Flow 3.54 %
Return on Investment 5.35 %

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 0
Alcove 2 ½ 6
1 bdrm 3 ½ 5
2 bdrm 4 ½ 5
3 bdrm 5 ½ 2
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
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
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 Electrical heating paid by the tenants
Hot Water Tanks Natural gas hot water paid by the owner
Elevator None
Garage None
Bathrooms A few renovated apartments
Kitchens Many 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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