Immeubles Gloria
6550 Wilderton, Côte-des-Neiges
22 residential units, 0 commercial units | 5,500,000$

Description

Residential
3
0
11
8
0
0
22
0

Financial Overview

Revenue 350,268$
Cost per Unit 250,000$
Cap. Rate 4.28 %
GRM 15.70
NRM 23.32
Return on Cash Flow 3.93 %
Return on Investment 5.64 %

Municipal Evaluation

Previous Assessment 2023-2025 3,070,500$
 
Land 2026-2028 1,037,900$
Building 2026-2028 2,261,200$
Total 2026-2028 3,299,100$

Highlights

- 22 units located in the vibrant heart of Côte-des-Neiges - Wall-mounted heat pumps installed in every unit
- Located at the border of the Town of Mount Royal and Outremont - Central natural gas heating and hot water paid by the owner
- Right next to the Wilderton Shopping Centre - 10 parking spaces available, including one garage
- Within walking distance of Université-de-Montréal metro station - Possibility to assume the existing CMHC MLI Select financing
- Minutes from UdeM, HEC Montréal, Polytechnique - Current rents sit below market, offering strong upside potential
- Close to both the Jewish General and Sainte-Justine hospitals - Exceptional investment opportunity in a prime location

Residential

Studio 1 ½ 3
Alcove 2 ½ 0
1 bdrm 3 ½ 11
2 bdrm 4 ½ 8
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   22

Commercial

Commercial 0
Total Units   0

Parking

Parking 9
Garage 1
Storage 0
Total Spaces   10

Location

Main Artery Van Horne
Intersection Van Horne / Wilderton
Shopping Center Wilderton Mall
Metro Station Université-de-Montréal metro
Bus
Attraction Outremont
Hospital Jewish General, Ste-Justine
School UdeM, HEC, Polytechnique

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 Residential
Cadastral 2173809
Building Type Detached
Floor Nb. 4
Year Built 1957
Lot Area 1052
Building Area 350
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups Some apartments
Pool None
Furnished Appliances
AC units Heat pumps
Basement Apartments
Fireplace None
Intercom Yes

Building Overview

Roof
Windows Aluminium
Balconies
Exterior Walls
Electricity Main entry 600A | 22 x 60A + 100A for service
Plumbing
Heating System Central natural gas Lochinvar furnace | Wall-mounted heat pumps in all the units
Hot Water Tanks Central natural gas heated hot water | Hot water paid by the owner.
Elevator None
Garage 1 single garage and 9 exterior parking spaces
Bathrooms
Kitchens
Certificate of Location Sébastien Alarie - 2023-11-01
Environmental Report Phase 1 (2024-01) | Phase 2 (2024-03)

Notes

- Cadastral designation : 2 173 809 et 2 174 262 Cadastre du Québec
- Zoning: H.6 (12 to 36 units) | Zone 0428
- Advantageous zoning allowing the addition of housing units (to be confirmed with the City)
- Addressable Mircom fire alarm panel
*** 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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