Immeubles Gloria
2615 Aird, Hochelaga-Maisonneuve
20 residential units, 0 commercial units | 4,000,000$

Description

Financial Overview

Revenue 221,580$
Cost per Unit 200,000$
Cap. Rate 3.42 %
GRM 18.05
NRM 29.21
Return on Cash Flow 1.57 %
Return on Investment 2.73 %

Municipal Evaluation

Previous Assessment 2017-2019 1,799,100$
 
Land 2020-2022 631,800$
Building 2020-2022 1,311,200$
Total 2020-2022 1,943,000$

Highlights

- Beautiful detached building in the heart of Hochelaga-Maisonneuve - 2019-2021: balconies, fireproof doors, 5 apartments, lighting, etc.
- 350m away from Viau Metro station and future REM de l'Est - The rents are very low for the area
- Next to Olympic Stadium and Maisonneuve Park - Good potential to increase the revenues
- A few steps away from Marché Maisonneuve, grocery stores, pharmacy - Qualifies very well for a CMHC MLI Select financing
- New Canoë residential project of over 1,000 units 3 blocks away - Excellent investment opportunity
- Many renovations were done in the last few years

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 13
2 bdrm 4 ½ 7
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   20

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 6
Storage 0
Total Spaces   6

Location

Main Artery Pie-IX.
Intersection Pie-IX / Hochelaga
Shopping Center Promenades Ontario
Metro Station Viau Metro
Bus 34, 85, 125, 139, SRB Pie-IX
Attraction Maisonneuve Park
Hospital Maisonneuve-Rosemont Hospital
School Maisonneuve College

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 1877968
Building Type Detached
Floor Nb. 3
Year Built 1964
Lot Area 743
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished
AC units
Basement Apts & garages
Fireplace None
Intercom Yes

Building Overview

Roof
Windows All the 20 fire proof doors replaced (2020)
Balconies All the balconies were renovated (2020)
Exterior Walls
Electricity Lighting system updated (2020)
Plumbing Drinking water plumbing replaced (2021)
Heating System Natural gas heating paid by the owner | New ecoenergetic furnace (2020)
Hot Water Tanks Hot water heated with natural gas paid by the owner | Hot water tank (2020)
Elevator None
Garage Electrical garage door replaced (2021)
Bathrooms 5 units completely renovated in 2019-2021 | Most units have been renovated recently
Kitchens 5 units completely renovated in 2019-2021 | Most units have been renovated recently
Certificate of Location Felix Guay Lord - 2019-07-19
Envrionmental Report Phase 1 and Phase 2 - GestEnv-NG2 - 2019

Notes

- All the common areas were renovated (2019-2021)
- New mailboxes (2021)
- Master key system for apartments and service rooms
-The information presented above are to be verified by the buyer during the inspection period.
*** This sale is done without legal warranty of quality, on an “as is, where is” basis, at the Buyer's risks and perils. ***
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