Immeubles Gloria
Grand Boulevard, Notre-Dame-de-Grâce
31 residential units, 0 commercial units

Description

Residential
10
1
12
8
0
0
31
0

Financial Overview

Revenue 396,144$
Cost per Unit 198,387$
Cap. Rate 4.35 %
GRM 15.52
NRM 22.95
Return on Cash Flow 3.17 %
Return on Investment 6.06 %

Municipal Evaluation

Previous Assessment 2020-2022 2,349,500$
 
Land 2023-2025 1,259,500$
Building 2023-2025 2,194,300$
Total 2023-2025 3,453,800$

Highlights

- Beautiful building in prime NDG location with strong rental demand - Current rents are low for the area
- Easy access to Villa Maria and Vendôme metro stations - Great potential to increase the revenues, a renovator’s dream
- Close to Concordia Loyola Campus, great for students - Possibility to qualify for CMHC MLI SELECT financing
- Walk to shops, cafés, groceries, and services - Advantageous zoning allowing for additional apartments
- Natural gas heating and hot water paid by the owner - Excellent long-term value and investment potential
- Well maintained property over the years

Residential

Studio 1 ½ 10
Alcove 2 ½ 1
1 bdrm 3 ½ 12
2 bdrm 4 ½ 8
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   31

Commercial

Commercial 0
Total Units   0

Parking

Parking 11
Garage 4
Storage 0
Total Spaces   15

Location

Main Artery St-Jacques Street
Intersection St-Jacques / Cavendish
Shopping Center Carrefour Angrignon
Metro Station Vendôme metro
Bus 90, 104, 105, 138, 356
Attraction Monkland Village
Hospital MUHC
School Concordia - Loyola Campus

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 2605540
Building Type Detached
Floor Nb. 3
Year Built 1958
Lot Area 1486
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 None
Basement Units and garage
Fireplace None
Intercom Yes

Building Overview

Roof May 2015 (35,000$)
Windows Most windows replaced recently
Balconies 6 balconies repaired recently
Exterior Walls Brick façade and sidings repointed recently | Entire southern exterior brick wall has been redone.
Electricity Breakers
Plumbing
Heating System Natural gas heating paid by the owner
Hot Water Tanks Natural gas heating for hot water paid by the owner
Elevator None
Garage 3 garage spaces and 15 exterior parking spaces
Bathrooms Mostly original bathrooms that were maintained
Kitchens Mostly original kitchens that were maintained
Certificate of Location Christian Tessier - 2025-05-29
Environmental Report Phase 1 - Envirotest - 2025-06-04

Notes

- Zoning: Usage H.4-7 (4 units +) | Zone 0608
- Advantageous zoning allowing for additional apartments (to confirm with the City)
- Walk Score 84: daily errands easily done on foot | Bike Score 96: cyclist-friendly with safe routes
- 2 new pairs of washer/dryer
*** 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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