Immeubles Gloria
11 Lemieux, Granby
5 residential units, 0 commercial units | 1,500,000$

Description

Residential
0
0
0
0
3
2
5
0

Financial Overview

Revenue 78,300$
Cost per Unit 300,000$
Cap. Rate 3.37 %
GRM 19.16
NRM 29.59
Return on Cash Flow 0.78 %
Return on Investment 2.46 %

Municipal Evaluation

Previous Assessment 2022-2024 984,000$
 
Land 2025-2027 505,900$
Building 2025-2027 761,100$
Total 2025-2027 1,267,000$

Highlights

- Superb 5-plex built in 2014 in Granby - Washer,dryer and dishwasher hookups in all the apartments
- Spacious units which are three-level townhouses - Eligible for CMHC MLI Select financing
- Part of a 9-building portfolio currently for sale - The owner is in the process of converting the units into divided condos
- Situated along the shores of Lake Boivin and the Yamaska River - Possible to continue the subdivision process to sell the units separately
- Nestled in nature with direct access to the cycling trails - Excellent investment opportunity not to be missed!
- The buildings are part of the Cité du Lac horizontal co-ownership

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 11
Garage 0
Storage 0
Total Spaces   11

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 5 rented tanks

General Information

Zoning Residential
Cadastral 5446992
Building Type Detached
Floor Nb. 2
Year Built 2014
Lot Area 1677
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 None
Intercom None

Building Overview

Roof 2014
Windows 2014
Balconies All the apartments have large terraces
Exterior Walls 2014
Electricity
Plumbing Tous les logements sont dotés de grandes galeries à l'arrière
Heating System Electric heating paid by the tenants
Hot Water Tanks Electric hot water paid by the tenants | 5 hot water heaters replaced recently
Elevator None
Garage 11 exterior parking spaces
Bathrooms All apartments with two bathrooms
Kitchens
Certificate of Location 2024
Environmental Report Phase 1 (2008) | Phase 2 (2009)

Notes

- 11 rue Lemieux [2014, 5 units, lot: 4790103, share: 2.80%]
- Possibility to acquire together with one or many of the the neighboring buildings (7, 11, 12, 16, 17, 22, 24, 30, 40 Lemieux)
*** 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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