Immeubles Gloria
4620 Barclay, Côte-des-Neiges
11 residential units, 0 commercial units | 2,500,000$

Description

Financial Overview

Revenue 145,400$
Cost per Unit 227,273$
Cap. Rate 3.99 %
GRM 17.19
NRM 25.05
Return on Cash Flow 2.14 %
Return on Investment 3.39 %

Municipal Evaluation

Previous Assessment 2020-2022 1,626,100$
 
Land 2023-2025 772,000$
Building 2023-2025 1,309,400$
Total 2023-2025 2,081,400$

Highlights

- Beautiful brick building in the heart of Côte-des-Neiges - Well maintained building with many recent renovations
- 350 meters away from Plamondon Metro station - 5 completely renovated units with high end finishes
- Close to UdeM, HEC, Polytechnic, College Brébeuf - Large garage with 5 spaces currently vacant
- Next to Jewish General, Ste-Justine and St Mary's Hospital - Zoning allows for an additional unit in the garage
- Plaza Côte-des-Neiges a few minutes away, grocery store, pharmacy - Incredible potential to increase the revenues
- Electrical heating and hot water paid by tenants - Excellent investment opportunity in a great location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 4
2 bdrm 4 ½ 5
3 bdrm 5 ½ 2
4 bdrm + 6 ½ + 0
Total Units   11

Commercial

Commercial 0
Total Units   0

Parking

Parking 4
Garage 5
Storage 0
Total Spaces   9

Location

Main Artery Van Horne Av.
Intersection Van Horne / Victoria
Shopping Center Côte-des-Neiges Plaza
Metro Station Plamondon Metro
Bus 124, 160, 161, 368, 370
Attraction Mount Royal
Hospital Jewish Hospital / Ste-Justine
School UdeM, HEC, Polytechnic

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank 11 water tanks

General Information

Zoning Residential
Cadastral 2649184
Building Type Semi-Detached
Floor Nb. 3
Year Built 1950
Lot Area 705
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished Fridges & stoves
AC units
Basement Garage & units
Fireplace None
Intercom Yes

Building Overview

Roof Roof redone in September 2016 (28,000$)
Windows Some windows were repaired recently
Balconies 2021 balconies (6,000$)
Exterior Walls Brick and repointing done in 2016 and 2019 (80,000$)
Electricity 100AMP panels in apartments
Plumbing Hot and cold water riser pipes redone in 2018 (15,000$)
Heating System Electrical heating paid by the tenants
Hot Water Tanks 11 hot water tanks were changed in the last 5 years
Elevator None
Garage 5 interior garage spaces and 4 exterior parking spaces (in front of garage doors)
Bathrooms 5 apartments completely renovated 2021-2022 | High end finishes
Kitchens 5 apartments completely renovated 2021-2022 | High end finishes
Certificate of Location 2021
Envrionmental Report Phase 1 - SCP Environnement - November 2022

Notes

- The current zoning allows for 12 units. An additional unit could be built in the garage (subject to approval by the City)
- Washer and dryer replaced in December 2020 (3,900$)
- The information presented above are to be verified by the buyer during the inspection period.
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