Immeubles Gloria
5706 Saint-Laurent, Plateau-Mont-Royal (Mile-End)
6 residential units, 0 commercial units | 1,799,000$

Description

Financial Overview

Revenue 76,440$
Cost per Unit 299,833$
Cap. Rate 3.03 %
GRM 23.53
NRM 32.93
Return on Cash Flow 0.66 %
Return on Investment 1.32 %

Municipal Evaluation

Previous Assessment 2020-2022 701,800$
 
Land 2023-2025 287,100$
Building 2023-2025 744,500$
Total 2023-2025 1,031,600$

Highlights

- Amazing property of 6 units in the heart of the Mile-End - Well-maintained property over the years
- A short 10-minute walk to Rosemont metro station - 5 out of 6 units renovated recently
- At the epicenter of Montreal's booming artificial intelligence industry - Electrical heating and hot water paid by the tenants
- Located less than 2 km from the UdeM MIL campus - The current rents are very low for the area
- 200 meters away from the Ubisoft headquarters in Montreal - Lots of potential to increase the revenues
- 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 6
2 bdrm 4 ½ 0
3 bdrm 5 ½ 0
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-Laurent / 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 Semi-Commercial
Cadastral 1866550
Building Type Attached
Floor Nb. 3
Year Built 1926
Lot Area 171
Building Area 105
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups 6 washer hookups
Dishwasher Hookups None
Pool None
Furnished Fridge and stove
AC units
Basement Crawlspace
Fireplace None
Intercom

Building Overview

Roof Asphalt and gravel (2016)
Windows
Balconies Front balconies redone (2020)
Exterior Walls
Electricity Breaker panels replaced in all the units (2014) | Main electrical and water heater breakers (2023)
Plumbing All units have washer hookups | #01, #03 and #04 also have dryer hookups
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants | 6 hot water tanks installed in the crawlspace (2023)
Elevator None
Garage None
Bathrooms 4 completely renovated units : #01 and #05 in 2021, #04 and #06 in 2014 | #02 partially renovated
Kitchens 4 completely renovated units : #01 and #05 in 2021, #04 and #06 in 2014 | #02 partially renovated
Certificate of Location Jacques Fournier - 2013-07-11
Environmental Report

Notes

- Zoning : Usage C.4 and H | Zone 0019
- Walk Score : 99 | Bike Score : 100
- Ground floor units have access to the backyard
- Possibility to qualify for an advantageous CMHC MLI SELECT financing
*** 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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