Immeubles Gloria
2300 Madison, Notre-Dame-de-Grâce
20 residential units, 0 commercial units | 4,200,000$

Description

Residential
0
2
14
4
0
0
20
0

Financial Overview

Revenue 253,176$
Cost per Unit 210,000$
Cap. Rate 3.70 %
GRM 16.59
NRM 26.99
Return on Cash Flow 2.10 %
Return on Investment 3.69 %

Municipal Evaluation

Previous Assessment 2023-2025 2,357,400$
 
Land 2026-2028 1,053,500$
Building 2026-2028 1,580,200$
Total 2026-2028 2,633,700$

Highlights

- Beautiful building in a prime NDG location - Building well maintained over the years
- Easy access to Villa-Maria and Vendôme metro stations - Possibility to assume the existing CMHC MLI Select financing
- Steps from Monkland Village’s shops, cafés and grocery stores - Below-market rents offering strong potential for rental income growth
- Near Concordia’s Loyola campus, ideal for students - Excellent long-term value and strong investment potential
- Wall-mounted heat pumps installed in all units
- Natural gas heating and hot water paid by the owner

Residential

Studio 1 ½ 0
Alcove 2 ½ 2
1 bdrm 3 ½ 14
2 bdrm 4 ½ 4
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   20

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Sherbrooke W.
Intersection Sherbrooke W. / Cavendish
Shopping Center Royalmount
Metro Station Vendôme Metro
Bus 105, 162, 51
Attraction Monkland Village
Hospital MUHC, Jewish General Hospital
School Marianopolis College

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 2605455
Building Type Semi-Detached
Floor Nb. 3
Year Built 1959
Lot Area 780
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool None
Furnished Fridge and stove
AC units Heat pump
Basement Apartments
Fireplace None
Intercom Yes

Building Overview

Roof Approximately 2019 (no invoice on file)
Windows
Balconies
Exterior Walls
Electricity Wall-mounted heat pumps in all units | Electricity paid by tenants
Plumbing
Heating System Central natural gas furnace | Heating paid by the owner
Hot Water Tanks Central natural gas water heater | Hot water paid by the owner
Elevator None
Garage None
Bathrooms Some bathrooms renovated
Kitchens Some kitchens renovated
Certificate of Location Lawrence Rabin - 2023-07-13
Environmental Report Phase 1 (2023-07) | Phase 2 (2023-08)

Notes

- Zoning: H.6 (12 to 36 units) | Zone 0514
- Favourable zoning allowing additional units (subject to confirmation with the City)
*** 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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