Immeubles Gloria
2750 Van Horne, Côte-des-Neiges
8 residential units, 0 commercial units | 3,200,000$

Description

Residential
0
0
1
1
6
0
8
0

Financial Overview

Revenue 178,494$
Cost per Unit 400,000$
Cap. Rate 4.00 %
GRM 17.93
NRM 24.97
Return on Cash Flow 1.48 %
Return on Investment 4.76 %

Municipal Evaluation

Previous Assessment 2023-2025 2,340,900$
 
Land 2026-2028 930,000$
Building 2026-2028 1,457,700$
Total 2026-2028 2,387,700$

Highlights

- Incredible development opportunity in the heart of Côte-des-Neiges - Construction permit approved at the City but not paid for yet
- An amazing location just minutes from UdeM and Outremont - Architect plans available upon request
- Directly across from Wilderton Mall - Electric heating and hot water paid by the tenants
- Close to Jewish General Hospital, Ste-Justine, and St. Mary’s - Qualifies for CMHC MLI Select financing (energy efficiency)
- Large 7,700 SF lot with building extension possibility - Excellent investment and development opportunity!
- Potential to build 4 additional large two-storey apartments

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 6
Storage 6
Total Spaces   12

Location

Main Artery Darlington
Intersection Darlington / Van Horne
Shopping Center Wilderton Mall
Metro Station Université-de-Montréal metro
Bus
Attraction Oratoire St-Joseph
Hospital Jewish General, 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 Basement

General Information

Zoning Residential
Cadastral 2173462
Building Type Detached
Floor Nb. 3
Year Built 1943
Lot Area 715
Building Area 181
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 Fridge and stove
AC units
Basement Apartments
Fireplace None
Intercom Yes

Building Overview

Roof
Windows
Balconies
Exterior Walls
Electricity Each apartment has its own Hydro-Quebec meter
Plumbing
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage Independent garage with 6 spaces | A permit has been approved to convert the garage into 4 additional apartments
Bathrooms Many renovations done in the last 10 years
Kitchens Many renovations done in the last 10 years
Certificate of Location Luc Leblanc - 2017-10-25
Environmental Report Phase 1 - 2018-02

Notes

- Zoning: H.4-5 (4 to 12 units) | Zone 0506
- Possibility to build 4 additional apartments on the lot
- A construction permit was approved by the City in May 2022 to build a 4-unit building extension (the permit was never paid)
- Architect plans available upon request showing 4 new two-level units of approximately 1,500 SF each.
*** 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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