Immeubles Gloria
5265-5275 Côte-St-Luc, Côte-des-Neiges
34 residential units, 0 commercial units | 11,500,000$

Description

Residential
0
0
10
24
0
0
34
0

Financial Overview

Revenue 686,320$
Cost per Unit 338,235$
Cap. Rate 4.34 %
GRM 16.76
NRM 23.01
Return on Cash Flow 2.17 %
Return on Investment 6.93 %

Municipal Evaluation

Previous Assessment 2023-2025 6,979,000$
 
Land 2026-2028 1,279,800$
Building 2026-2028 5,908,700$
Total 2026-2028 7,188,500$

Highlights

- Prestigious 34-unit building close to the Monkland Village - Advantageous zoning that could allow to convert garage into units
- Incredible location near Villa-Maria metro station (3 min. walk) - Possibility to qualify for advantageous CMHC MLI Select financing
- Quick access to UdeM, HEC, Polytechnic, Collège Brébeuf - Good potential to increase the revenues
- Close to MUHC, Jewish General Hospital, Ste-Justine - Amazing investment opportunity in a great location!
- All large apartments with their own washer/dryer hookups
- Underground garage with 22 interior spaces

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 10
2 bdrm 4 ½ 24
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   34

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 22
Storage 0
Total Spaces   22

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 Dual Energy
Heating Type Baseboards & Hot Water
Responsibility Tenants & Owner

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Residential
Cadastral 2647600
Building Type Detached
Floor Nb. 4
Year Built 1939
Lot Area 1279
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 In renovated units
Pool None
Furnished 4 appliances
AC units None
Basement Garage
Fireplace
Intercom Yes

Building Overview

Roof Telus antennas on the roof (with commercial lease)
Windows
Balconies
Exterior Walls
Electricity Recent main electrical entry | 100A panels for the apartments with individual Hydro-Quebec meters
Plumbing All the apartments have washer/dryer hookups
Heating System 5275: Electrical heating paid by the tenants | 5265: Natural gas heating paid by the owner
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None (4-storey walk-up)
Garage 22 interior garage spaces | Heated garage | 1 garage door | Carbon monoxyde detectors | Electronic garage access
Bathrooms Some renovated apartments
Kitchens Some renovated apartments
Certificate of Location
Environmental Report Phase 1 - D&G Enviro - 2015-01-01

Notes

- Zoning : H.6-7 (12 units +) | Zone 0548
- 1 apartment in the basement has been added without a permit, but has 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
- All the apartments are very large and could easily add a bedroom in most units.
- Included in the leases: Fridge, stove, washer & dryer in some units, heating (only for 5265)
** 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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