Immeubles Gloria
4596-4598 Décarie, Côte-des-Neiges
24 residential units, 0 commercial units | 8,095,000$

Description

Residential
0
0
9
13
2
0
24
0

Financial Overview

Revenue 468,840$
Cost per Unit 337,292$
Cap. Rate 4.45 %
GRM 17.27
NRM 22.46
Return on Cash Flow 2.58 %
Return on Investment 8.39 %

Municipal Evaluation

Previous Assessment 2023-2025 3,844,200$
 
Land 2026-2028 560,500$
Building 2026-2028 3,399,000$
Total 2026-2028 3,959,500$

Highlights

- Prestigious 24-unit building close to the Monkland Village - Underground garage with 10 interior spaces
- Incredible location near Villa-Maria metro station (3 min walk) - Lots of unused space in the basement with possibility to add lockers
- Quick access to UdeM, HEC, Polytechnic, Collège Brébeuf - Heating & hot water paid by tenants
- Close to MUHC, Jewish General Hospital, Ste-Justine - Possibility to qualify for advantageous CMHC MLI Select financing
- All large apartments with their own washer/dryer hookups - Good potential to increase the revenues
- Many renovations were done over the last 10 years - Amazing investment opportunity in a great location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 9
2 bdrm 4 ½ 13
3 bdrm 5 ½ 2
4 bdrm + 6 ½ + 0
Total Units   24

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 10
Storage 0
Total Spaces   10

Location

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

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 2087319
Building Type Attached
Floor Nb. 4
Year Built 1930
Lot Area 659
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 all units
Dishwasher Hookups
Pool None
Furnished Fridge and stove
AC units
Basement Garage
Fireplace
Intercom Yes

Building Overview

Roof Front section: Tar and gravel | Back section: elastomeric membrane
Windows
Balconies
Exterior Walls
Electricity Recent main electrical entry (2 x 400A) | 100A panels in the units with individual Hydro-Quebec meters
Plumbing Washer/dryer hookups in all the apartments
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None (4-storey walk-up)
Garage Interior garage of 10 spaces
Bathrooms Some renovated apartments in the last 10 years | Most apartments have 2 bathrooms
Kitchens Some renovated apartments in the last 10 years
Certificate of Location Jean-Philippe Giguere - 2021-01-25
Environmental Report Phase 1 - Ortam - 2025-10-20

Notes

- Zoning : C.4 H (Commercial and residential) | Zone 0405
- Walk Score: 95 | Bike Score: 72
- Fully renovated common areas
- Lots of unused space in the basement | Possibility to add storage spaces for the tenants.
- Electronic apartment locks throughout the building
*** 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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