Immeubles Gloria
5451-5457 Sherbrooke W., Notre-Dame-de-Grâce
16 residential units, 3 commercial units | 5,400,000$

Description

Semi-Commercial
0
1
2
1
7
5
16
3

Financial Overview

Revenue 374,386$
Cap. Rate 4.28 %
GRM 14.42
NRM 23.35
Return on Cash Flow 2.17 %
Return on Investment 5.71 %

Municipal Evaluation

Previous Assessment 2023-2025 3,966,900$
 
Land 2026-2028 596,500$
Building 2026-2028 3,489,400$
Total 2026-2028 4,085,900$

Highlights

- Superb semi-commercial building in the heart of NDG - Long-standing commercial tenants
- Located at the corner of Addington and Sherbrooke West - Commercial area represents 12% of the total building area
- Just a few minutes' walk from Vendôme and Villa-Maria metro stations - Eligible for CMHC MLI Select energy-efficiency financing
- Very close to the upscale Westmount neighborhood - Strong potential to optimize rental income
- Natural gas heating and hot water paid by the owner - Unique investment opportunity in a prime sector!
- Several renovations completed over the years

Residential

Studio 1 ½ 0
Alcove 2 ½ 1
1 bdrm 3 ½ 2
2 bdrm 4 ½ 1
3 bdrm 5 ½ 7
4 bdrm + 6 ½ + 5
Total Units   16

Commercial

Commercial 3
Total Units   3

Parking

Parking 0
Garage 0
Storage 12
Total Spaces   12

Location

Main Artery Highway 15
Intersection Décarie / Sherbrooke
Shopping Center Monkland Village
Metro Station Vendôme, Villa-Maria
Bus Lines 105, 162, 51
Attraction Monkland Village
Hospital MUHC, Jewish General
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 Semi-Commercial
Cadastral 4139473
Building Type Semi-Detached
Floor Nb. 4
Year Built 1931
Lot Area 596
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups In a few units
Dishwasher Hookups
Pool None
Furnished
AC units None
Basement
Fireplace
Intercom Yes

Building Overview

Roof First level 2001 | Second level elastomeric membrane 2010
Windows Most windows and balcony doors replaced in 2007-2008
Balconies 2 balconies to be repaired
Exterior Walls
Electricity 60A breakers in the apartments | 400A main electrical entry
Plumbing
Heating System Natural gas heating paid by the owner | Lochinvar furnace (2012-2013)
Hot Water Tanks Hot water heated with natural gas paid by the owner | Indirect storage tank (2012-2013)
Elevator None
Garage None
Bathrooms
Kitchens 5 kitchens completely redone since 2020
Certificate of Location Denis Ethier - 2005-05-25
Environmental Report Phase 4 - Enviro-Experts - 2023-09-19

Notes

- Zoning: C.4 and H (commercial and residential) | Zone 0612
- Work completed in the past 5 years: fire alarm control panel, new complete LED emergency lighting system.
- Upgrading of fire detectors, alarm, pressure sensors, and piezo devices in all residential units and commercial spaces
- Main water entry of the building redone in copper with a code-compliant backflow prevention / non-return system
- Intercom system in all units, replacement of the laundry room washers and dryers
- 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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