Immeubles Gloria
3090 Linton, Côte-des-Neiges
14 residential units, 0 commercial units | 3,126,000$

Description

Financial Overview

Revenue 169,752$
Cost per Unit 223,286$
Cap. Rate 3.37 %
GRM 18.42
NRM 29.60
Return on Cash Flow 1.40 %
Return on Investment 2.33 %

Municipal Evaluation

Previous Assessment 2020-2022 2,315,600$
 
Land 2023-2025 874,400$
Building 2023-2025 2,251,700$
Total 2023-2025 3,126,100$

Highlights

- Beautiful 14 units building in the heart of Côte-des-Neiges - Very well maintained property over the years
- Great location close to Université de Montréal Metro station - Great quality of tenants, rarely any vacants
- Near UdeM, HEC, Polytechnique, Collège Brébeuf - Advantageous zoning that could allow to add units
- Close to Jewish General Hospital, Ste-Justine and St-Mary's - Enormous potential to increase the rents
- Walking distance to Plaza Côte-des-Neiges - Excellent investment opportunity in a great location!
- Electric heating paid by tenants, gas powered hot water

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 3
2 bdrm 4 ½ 11
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   14

Commercial

Commercial 0
Total Units   0

Parking

Parking 1
Garage 5
Storage 14
Total Spaces   20

Location

Main Artery Côte-des-Neiges
Intersection Van Horne / Decelles
Shopping Center Plaza Côte-des-Neiges
Metro Station Université de Montréal Metro
Bus 129, 161, 369, 370, 465
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 Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 2173489
Building Type Detached
Floor Nb. 3
Year Built 1946
Lot Area 8255
Building Area 3657
Stove Included in leases
Refrigerator Included in leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool None
Furnished Fridge & Stove
AC units Tenants
Basement Apts. & Garage
Fireplace None
Intercom Yes

Building Overview

Roof Roof redone 2020 | Elastomeric membrane
Windows Aluminum windows
Balconies
Exterior Walls Brick work 2016
Electricity Electric conversion 2003 | Main pannel, apartments electrical pannels and wiring 2003
Plumbing Connexions to city were redone in 2004
Heating System Electric heating paid by tenants
Hot Water Tanks Gas powered hot water paid by owner
Elevator None
Garage 5 garage space (3 unusable, garage doors to replace to be functional) | 1 outside parking
Bathrooms Maintenance and repairs when required (Toilet, sink, bathtub and faucet)
Kitchens Maintenance and repairs when required (Kitchen cabinets, sink and faucet)
Certificate of Location Eric Denicourt - 2018-10-18
Envrionmental Report

Notes

- Zoning H.6 (12 to 36 units) | Zone 0443
- Advantageous zoning allowing to add or subdivide units (to confirm with City)
- Building front door replaced 2004
- Toilet and sink in the basement for janitor's use
- The information presented above are to be verified by the buyer during the inspection period.
*** This sale is made without any legal warranty of quality and right of ownership, on an “as is, where is” basis, at the Buyer’s own risks. ***
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