Immeubles Gloria
3590 Ridgewood, Côte-des-Neiges
36 residential units, 0 commercial units | 11,475,000$

Description

Financial Overview

Revenue 582,413$
Cost per Unit 318,750$
Cap. Rate 3.26 %
GRM 19.70
NRM 30.58
Return on Cash Flow 1.73 %
Return on Investment 4.26 %

Municipal Evaluation

Previous Assessment 2017-2019 5,316,000$
 
Land 2020-2022 1,462,200$
Building 2020-2022 5,395,400$
Total 2020-2022 6,857,600$

Highlights

- Exclusive building in the best location in Côte-des-Neiges - Heating and hot water paid by the owner
- Directly on the Mount-Royal, right next to Westmount - Very well maintained and managed property over the years
- The backyard gives into the Westmount Summit Woods park - Excellent potentiel to increase the revenues
- Close to Côte-des-Neiges metro station, UdeM, HEC, Polytechnique - Family owned property for a very long time
- Near Jewish Hospital, Ste-Justine, and Ste-Mary's - First time on the market in over 60 years
- Consisting of many large units including 4 penthouses on the 5th floor - Unique investment opportunity in an incredible location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 2
1 bdrm 3 ½ 15
2 bdrm 4 ½ 15
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 4
Total Units   36

Commercial

Commercial 0
Total Units   0

Parking

Parking 15
Garage 24
Storage 35
Total Spaces   74

Location

Main Artery Côte-des-Neiges
Intersection Queen-Mary
Shopping Center Van Horne Commercial Center
Metro Station Côte-des-Neiges Metro
Bus 11, 165, 166, 369, 465, 711
Attraction Oratoire St-Joseph
Hospital Montreal General Hospital
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 4 x 115 gallons

General Information

Zoning Residential
Cadastral 2174946
Building Type Detached
Floor Nb. 5
Year Built 1956
Lot Area 2559
Building Area 0
Stove Included in leases
Refrigerator Included in leases
Washer Owner
Dryer Owner
Elevator One elevator
Wash/Dry Hookups Laundry room
Dishwasher Hookups Some units
Pool No
Furnished Fridges & stoves
AC units Window units
Basement Garage
Fireplace No
Intercom Yes

Building Overview

Roof
Windows Sliding aluminium windows
Balconies Fiber glass balconies
Exterior Walls Brick façade
Electricity Individual Hydro-Quebec meters | All 60AMP panels, the units on 5th floor have two panels each
Plumbing 350,000$ invested in plumbing in 1997, all the risers were replaced (no invoice on file)
Heating System 3 Lochinvar high efficiency gas fired boiler replace in 2019 at a cost of approximately 50,000$ (no invoice on file)
Hot Water Tanks 4 x 115 US gallons hot water tanks (2008)
Elevator One elevator
Garage 24 interior garage spaces and 15 exterior parking spaces
Bathrooms Many bathrooms have been renovated
Kitchens A few kitchens have been renovated
Certificate of Location Jean-Louis Chénard - 2021-10-04
Envrionmental Report Phase 1 - Expected in 2021

Notes

- 350,000$ was invested in landscaping since 2002 (no invoice on file)
- Common rooftop terrace
- The information presented above are to be verified by the buyer during the inspection period.
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