Immeubles Gloria
5558-5566 10e Avenue, Rosemont
5 residential units, 0 commercial units | 2,149,000$

Description

Residential
0
0
2
2
1
0
5
0

Financial Overview

Revenue 127,560$
Cost per Unit 429,800$
Cap. Rate 4.39 %
GRM 16.85
NRM 22.75
Return on Cash Flow 1.80 %
Return on Investment 5.50 %

Municipal Evaluation

Previous Assessment 2023-2025 1,573,000$
 
Land 2026-2028 430,400$
Building 2026-2028 1,378,600$
Total 2026-2028 1,809,000$

Highlights

- Fully renovated 5-unit building in the heart of Rosemont - 1,500 sq.ft ground-floor unit with yard and parking
- Close to Molson and Beaubien parks, as well as the Angus district - Possibility of CMHC MLI Select financing (energy efficiency)
- Promenades Masson just a 2-minute walk away - Excellent opportunity for an investor or owner-occupant!
- High-end condo-quality finishes
- Plumbing, electrical, and ventilation systems fully redone
- Reputable builder with multiple completed projects in the area

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 1
Garage 0
Storage 0
Total Spaces   1

Location

Main Artery St-Michel blvd.
Intersection St-Michel / Masson
Shopping Center Promenade Masson
Metro Station Préfontaine
Bus 67, 357, 467
Attraction Lafond Park
Hospital Jean-Talon Hospital
School Rosemont College

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 1587692
Building Type Attached
Floor Nb. 3
Year Built 1925
Lot Area 239
Building Area 0
Stove Included in leases
Refrigerator Included in leases
Washer Included in leases
Dryer Included in leases
Elevator None
Wash/Dry Hookups In apartments
Dishwasher Hookups In apartments
Pool None
Furnished 5 appliances + A/C
AC units A/C wall units
Basement Yes
Fireplace
Intercom

Building Overview

Roof Tar and gravel (2011)
Windows Windows and doors replaced (2020)
Balconies Fiberglass and wood (2020)
Exterior Walls Brick repairs (2014) | Foundation repairs (2020)
Electricity 100A panels (2020)
Plumbing Plumbing mostly redone (2020) | Sump pump (2020)
Heating System Electric heating paid by the tenants | Wall units A/C and air exchangers (2020)
Hot Water Tanks Electric hot water paid by the tenants
Elevator None
Garage 1 parking in the back
Bathrooms All bathrooms fully renovated (2020)
Kitchens All kitchens fully renovated (2020) | Quartz countertops with high-end finishes
Certificate of Location Jean-Philippe Grondin - 2023-11-08
Environmental Report

Notes

- Zoning: H.2-4 (multiresidential) | Zone 0808
- Walk Score: 98 | Bike Score: 81
- New plumbing, electrical, and ventilation systems (2020
- Installation of a French drain and waterproof slab (2020)
*** 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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