Immeubles Gloria
5949-5959 Esplanade, Plateau-Mont-Royal (Mile-End)
6 residential units, 0 commercial units | 1,550,000$

Description

Residential
0
0
0
4
2
0
6
0

Financial Overview

Revenue 62,364$
Cost per Unit 258,333$
Cap. Rate 2.49 %
GRM 24.85
NRM 40.02
Return on Cash Flow 0.40 %
Return on Investment 1.17 %

Municipal Evaluation

Previous Assessment 2020-2022 952,000$
 
Land 2023-2025 474,700$
Building 2023-2025 924,700$
Total 2023-2025 1,399,400$

Highlights

- Amazing 6-plex located in the heart of the Mile-End - Well-maintained property over the years
- Prime location close to Rosemont metro station - Electrical heating and hot water paid by the tenants
- At the epicenter of Montreal's booming artificial intelligence industry - The current rents are extremely low for the area
- Located less than 2 km from the UdeM MIL campus - Tremendous potential to increase the revenues
- 800 meters away from the Ubisoft headquarters in Montreal - Possibility to acquire with the neighboring 6-plex 5937-5947 Esplanade
- Close to all the Mile-End and Little Italy bars and restaurants - Incredible investment opportunity in a sought-after neighborhood!

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Van Horne
Intersection St-Urbain / Bernard
Shopping Center Little Italy, Fairmount street
Metro Station Rosemont metro
Bus 55, 160, 363
Attraction Ubisoft, Mile-End
Hospital Hôtel-Dieu
School UdeM MIL, MILA

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Residential
Cadastral 1867341
Building Type Attached
Floor Nb. 3
Year Built 1910
Lot Area 255
Building Area 0
Stove Tenants
Refrigerator Tenants
Washer Tenants
Dryer Tenants
Elevator None
Wash/Dry Hookups In all units
Dishwasher Hookups None
Pool None
Furnished None
AC units
Basement
Fireplace
Intercom None

Building Overview

Roof
Windows
Balconies
Exterior Walls
Electricity
Plumbing
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage None
Bathrooms Maintained over the years
Kitchens Maintained over the years
Certificate of Location Jean Girard - 2017-09-28
Environmental Report

Notes

- Zoning : Usage H.2-4 | Zone 0005
- Possibility to acquire together with the neighboring 6-plex (5937-5947 Esplanade)
- 5937-5947 Esplanade (6 units) : 1 867 339 Cadastre du Québec | 5949-5959 Esplanade (6 units) : 1 867 341 Cadastre du Québec
*** 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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