Immeubles Gloria
4516 Décarie, Côte-des-Neiges
21 residential units, 0 commercial units | 8,500,000$

Description

Residential
0
2
1
5
5
8
21
0

Financial Overview

Revenue 538,920$
Cost per Unit 404,762$
Cap. Rate 5.01 %
GRM 15.77
NRM 19.95
Return on Cash Flow 5.60 %
Return on Investment 9.48 %

Municipal Evaluation

Previous Assessment 2023-2025 3,510,100$
 
Land 2026-2028 572,500$
Building 2026-2028 3,042,900$
Total 2026-2028 3,615,400$

Highlights

- Prestigious 21-unit building close to the Monkland Village - Ideal size mix comprising of many large apartments
- Incredible location near Villa-Maria metro station (3 min walk) - Washer/dryer and dishwasher hookups in all units
- Quick access to UdeM, HEC, Polytechnic, Collège Brébeuf - 1 large double garage and 8 exterior parking spaces
- Close to MUHC, Jewish General Hospital, Ste-Justine - Possibility to qualify for advantageous CMHC MLI Select financing
- Mostly rebuilt 10 years ago following a fire - Amazing investment opportunity in a great location!
- Sprinkler system and air exchangers throughout the building

Residential

Studio 1 ½ 0
Alcove 2 ½ 2
1 bdrm 3 ½ 1
2 bdrm 4 ½ 5
3 bdrm 5 ½ 5
4 bdrm + 6 ½ + 8
Total Units   21

Commercial

Commercial 0
Total Units   0

Parking

Parking 8
Garage 1
Storage 5
Total Spaces   14

Location

Main Artery Décarie
Intersection Décarie / Côte-St-Luc
Shopping Center Royalmount
Metro Station Villa-Maria
Bus 17, 66, 371
Attraction Monkland Village
Hospital Jewish, General, MUHC
School UdeM, Marianopolis

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Semi-Commercial
Cadastral 2087313
Building Type Attached
Floor Nb. 4
Year Built 1928
Lot Area 673
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer As per leases
Dryer As per leases
Elevator None
Wash/Dry Hookups In apartments
Dishwasher Hookups In apartments
Pool None
Furnished Appliances
AC units
Basement Units and garage
Fireplace
Intercom Yes

Building Overview

Roof
Windows
Balconies
Exterior Walls
Electricity Recent main electrical entry | Individual 100A panels | Electricity redone in the last 10 years
Plumbing Sprinklers throughout the building | Washer/dryer and dishwasher hookups in all the units
Heating System Electrical heating paid by the tenants | No A/C
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None (4-storey walk-up)
Garage 1 double garage | 8 exterior parking spaces
Bathrooms Mostly rebuilt 10 years ago | Most apartments have 2 bathrooms
Kitchens Mostly rebuilt 10 years ago (new plumbing, electricity, kitchens, bathrooms, air exchangers)
Certificate of Location
Environmental Report Phase 1 - D&G Enviro - 2015-01-01

Notes

- Zoning : C.4 H (Commercial and residential) | Zone 0405
- 5 apartments in the basement have been added without a permit, but they have been recognized by the city on the 2026-2028 municipal assessment.
- Intercom with electronic access key, connected on tenants' cellphones, electronic apartment locks throughout the building
- The building was rebuilt following a fire from 10 years ago (new plumbing, electricity). Only the brick façades were kept.
- Rebuilt up to code with sprinkler system and air exchangers
** 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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