Immeubles Gloria
Lemieux Portfolio, Granby
35 residential units, 0 commercial units | 9,900,000$

Description

Residential
0
0
2
10
16
7
35
0

Financial Overview

Revenue 491,112$
Cost per Unit 282,857$
Cap. Rate 3.28 %
GRM 20.16
NRM 30.44
Return on Cash Flow 0.79 %
Return on Investment 2.73 %

Municipal Evaluation

Previous Assessment 2022-2024 5,953,000$
 
Land 2025-2027 2,663,300$
Building 2025-2027 5,386,700$
Total 2025-2027 8,050,000$

Highlights

- Superb complex of 9 recent buildings in Granby - 27 apartments have two bathrooms
- A total of 35 spacious units, 25 of which are three-level townhouses - Washer,dryer and dishwasher hookups in all the apartments
- Situated along the shores of Lake Boivin and the Yamaska River - Eligible for CMHC MLI Select financing (on the portfolio)
- Nestled in nature with direct access to the cycling trails - The owner is in the process of converting the units into divided condos
- The buildings are part of the Cité du Lac horizontal co-ownership - Possible to continue the subdivision process to sell the units separately
- The complex consists of 3 fiveplexes, 2 fourplexes, and 4 triplexes - Excellent investment opportunity not to be missed!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 2
2 bdrm 4 ½ 10
3 bdrm 5 ½ 16
4 bdrm + 6 ½ + 7
Total Units   35

Commercial

Commercial 0
Total Units   0

Parking

Parking 70
Garage 0
Storage 0
Total Spaces   70

Location

Main Artery Highway 10
Intersection Denison street (route 112)
Shopping Center Galeries de Granby
Metro Station
Bus
Attraction Boivin Lake
Hospital Granby Hospital
School Granby Cegep

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 4790104
Building Type Detached
Floor Nb. 2
Year Built 2012
Lot Area 0
Building Area 0
Stove Tenants
Refrigerator Tenants
Washer Tenants
Dryer Tenants
Elevator None
Wash/Dry Hookups In the units
Dishwasher Hookups In the units
Pool None
Furnished None
AC units None
Basement
Fireplace
Intercom

Building Overview

Roof 2012 to 2019
Windows 2012 to 2019
Balconies All the apartments have large terraces
Exterior Walls 2012 to 2019
Electricity
Plumbing Washer,dryer and dishwasher hookups in all the apartments
Heating System Electric heating paid by the tenants
Hot Water Tanks Electric hot water paid by the tenants | 28 hot water heaters replaced recently
Elevator None
Garage Total of 70 exterior parking spaces
Bathrooms 27 apartments with two bathrooms
Kitchens 7 apartments recently refurbished for re-rental
Certificate of Location 2024
Environmental Report Phase 1 (2008) | Phase 2 (2009)

Notes

- 07 rue Lemieux [2014, 4 units, lot: 4790104, share: 3.36%] | 11 rue Lemieux [2014, 5 units, lot: 4790103, share: 2.80%]
- 12 rue Lemieux [2012, 3 units, lot: 4790106, share: 1.20%] | 16 rue Lemieux [2019, 4 units, lot: 4790095, share: 1.94%]
- 17 rue Lemieux [2016, 5 units, lot: 4790098, share: 3.88%] | 22 rue Lemieux [2019, 3 units, lot: 4790092, share: 1.46%]
- 24 rue Lemieux [2012, 3 units, lot: 4708191, share: 1.46%] | 30 rue Lemieux [2012, 5 units, lot: 4708187, share: 2.43%]
- 40 rue Lemieux [2016, 3 units, lot: 5782902, share: 1.70%]
*** 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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