Immeubles Gloria
4800 Papineau, Plateau-Mont-Royal
4 residential units, 2 commercial units | 2,275,000$

Description

Semi-Commercial
0
0
2
0
2
0
4
2

Financial Overview

Revenue 164,488$
Cap. Rate 4.96 %
GRM 13.83
NRM 20.13
Return on Cash Flow 2.23 %
Return on Investment 4.74 %

Municipal Evaluation

Previous Assessment 2023-2025 1,200,000$
 
Land 2026-2028 284,300$
Building 2026-2028 1,083,700$
Total 2026-2028 1,368,000$

Highlights

- Incredible semi-commercial building in the heart of the Plateau - Washer, dryer, and heat pumps included in the renovated units
- Located between Laurier Park and La Fontaine Park - High-quality commercial tenants with net leases
- Just steps away from the restaurants and cafés on Laurier Avenue - Commercial basement accessible for storage
- Laurier metro station is a 15-minute walk away - Excellent investment opportunity in a prime area!
- Three of the four units have been recently renovated
- High-end interior finishes in the renovated units

Residential

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

Commercial

Commercial 2
Total Units   2

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery St-Joseph E.
Intersection St-Joseph E. / Papineau
Shopping Center rue Mont-Royal
Metro Station Métro Laurier
Bus 27, 45, 359
Attraction Parcs Laurier et La Fontaine
Hospital Notre-Dame
School UQAM, UdeM, McGill

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 1193854
Building Type Semi-Detached
Floor Nb. 3
Year Built 1910
Lot Area 189
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer As per leases
Dryer As per leases
Elevator None
Wash/Dry Hookups In apartments
Dishwasher Hookups In apartments
Pool None
Furnished Semi-furnished
AC units 3 apartments
Basement Storage
Fireplace
Intercom Yes

Building Overview

Roof Tar and gravel (2017 | 20,000$)
Windows Windows (2017-2019 | 18,000$)
Balconies
Exterior Walls
Electricity Main electrical entry 400A (residential) and 200A (commercial)
Plumbing
Heating System Electric heating paid by the tenants | Wall unit A/C and air exchangers in three apartments (1705, 4802-2, 4802-3)
Hot Water Tanks Electric hot water paid by the tenants
Elevator None
Garage None
Bathrooms Three apartments completely renovated recently (1705, 4802-2, 4802-3)
Kitchens Three apartments completely renovated recently (1705, 4802-2, 4802-3)
Certificate of Location Louis-Philippe Fouquette - 2015-10-13
Environmental Report

Notes

- Zoning: H.2-4 and C.2 (2-8 apartments and commercial) | Zone 0860
- Walk Score: 90 | Bike Score: 100
*** 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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