Immeubles Gloria
7211-7219 St-Denis, Villeray
12 residential units, 1 commercial unit | 5,200,000$

Description

Semi-Commercial
0
0
8
4
0
0
12
1

Financial Overview

Revenue 313,152$
Cap. Rate 4.33 %
GRM 16.61
NRM 23.07
Return on Cash Flow 3.61 %
Return on Investment 5.16 %

Municipal Evaluation

Previous Assessment 2020-2022 2,305,100$
 
Land 2023-2025 577,900$
Building 2023-2025 2,425,300$
Total 2023-2025 3,003,200$

Highlights

- Beautiful semi-commercial property located in the heart of Villeray - Balconies, brickwork ($115K), windows ($117K), patio doors, and more
- Prime location, just 150 meters from Jean-Talon metro station - Owned by the same family since its construction in 1978
- Steps away from Jarry Park and Jean-Talon Market - Rents are below market value with excellent revenue growth potential
- Solid commercial tenant with a long-term lease in place - Commercial space represents less than 30% of the total building area
- Residential tenants pay their own heating and hot water - Possibility to qualify for a CMHC MLI SELECT financing
- Numerous renovations over the years, including: - A rare opportunity not to be missed!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 8
2 bdrm 4 ½ 4
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   12

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 8
Storage 0
Total Spaces   8

Location

Main Artery St-Denis
Intersection St-Denis / Jean-Talon
Shopping Center Plaza St-Hubert
Metro Station Jean-Talon metro (100 m)
Bus 31, 92, 93
Attraction Jarry Park
Hospital Jean-Talon Hospital
School UdeM, Ahuntsic Cegep

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 2334254
Building Type Attached
Floor Nb. 3
Year Built 1979
Lot Area 6750
Building Area 4980
Stove Tenants
Refrigerator Tenants
Washer Tenants
Dryer Tenants
Elevator None
Wash/Dry Hookups In all units
Dishwasher Hookups
Pool None
Furnished None
AC units A/C in all units
Basement Garage
Fireplace None
Intercom Yes

Building Overview

Roof Elastomeric membrane (2011)
Windows Windows replaced (2023 | 117,000$)
Balconies Balconies replaced recently | Patio doors replaced recently
Exterior Walls Brick façade extensive work (2023 | 115,000$) | Steel deck concrete construction
Electricity 100 AMP in the units
Plumbing Automatic leak detection system and shut off valve
Heating System Electrical heating paid by the tenants | Wall mounted A/C in all the units (2023)
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage Underground parking | 8 interior garage spaces
Bathrooms Some apartments were renovated over the years
Kitchens Some apartments were renovated over the years
Certificate of Location 1979 | A new certificate of location has been ordered by the seller.
Environmental Report A new Phase 1 has been ordered by the seller.

Notes

- Zoning: C.2, H.3-H.4 (Commercial, multi-residential) | Zone C02-200
- The commercial square footage is less than 30% of the total building square footage.
*** 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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