Immeubles Gloria
2230 Bordeaux, Ville-Marie
9 residential units, 0 commercial units | 1,950,000$

Description

Financial Overview

Revenue 100,500$
Cost per Unit 216,667$
Cap. Rate 3.41 %
GRM 19.40
NRM 29.27
Return on Cash Flow 0.80 %
Return on Investment 1.71 %

Municipal Evaluation

Previous Assessment 2020-2022 979,200$
 
Land 2023-2025 295,100$
Building 2023-2025 1,105,200$
Total 2023-2025 1,400,300$

Highlights

- Charming 9-unit building in Ville-Marie - Several units have been renovated over the years
- Located halfway between Plateau-Mont-Royal and The Village - Electric heating and hot water paid by the tenants
- Close to Parc La Fontaine, in the heart of a vibrant neighborhood - Qualifies for advantageous CMHC APH Select financing
- A 15-minute walk from Papineau metro station (1.1 km) - Same owner for over 20 years
- Walk Score: 85 and Bike Score: 94 - Significant potential to increase the rents
- All units have washer/dryer hookups - Excellent investment opportunity in a prime area!

Residential

Studio 1 ½ 0
Alcove 2 ½ 2
1 bdrm 3 ½ 3
2 bdrm 4 ½ 0
3 bdrm 5 ½ 4
4 bdrm + 6 ½ + 0
Total Units   9

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Sherbrooke E.
Intersection Papineau / Sherbrooke
Shopping Center Place Dupuis
Metro Station Papineau metro
Bus 10, 24, 45, 356, 359, 445
Attraction La Fontaine Park
Hospital Notre-Dame Hospital
School UQAM, McGill, Concordia

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank Owned

General Information

Zoning Residential
Cadastral 1884547
Building Type Semi-Detached
Floor Nb. 3
Year Built 1915
Lot Area 181
Building Area 181
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups In apartments
Dishwasher Hookups
Pool None
Furnished
AC units
Basement Crawlspace
Fireplace None
Intercom None

Building Overview

Roof 2003 | Elastomeric membrane
Windows 2003
Balconies Balcony floors 2016
Exterior Walls
Electricity
Plumbing Washer/dryer hookups in all the units
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage None
Bathrooms Many renovated units over the years
Kitchens Many renovated units over the years
Certificate of Location Talel Mahfoudh - 2022-06-08
Envrionmental Report Phase 1 & Phase 2 - Laforge - 2019-11-08

Notes

- Zoning : Usage R.2 | Zone 0005
- Possibility to qualify for an advantageous CMHC MLI SELECT financing based on the energy efficiency criteria
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the buyer's own risk. ***
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