Immeubles Gloria
Cité-des-Jeunes, Gatineau
194 residential units, 3 commercial units

Description

Residential
0
30
104
60
0
0
194
3

Financial Overview

Revenue 1,816,443$
Cost per Unit 91,495$
Cap. Rate 4.98 %
GRM 9.77
NRM 20.04
Return on Cash Flow 7.75 %
Return on Investment 18.90 %

Municipal Evaluation

Previous Assessment 2015-2017 13,006,300$
 
Land 2018-2020 4,587,300$
Building 2018-2020 9,874,400$
Total 2018-2020 14,461,700$

Highlights

- Residential concrete high-rise building consisting of 194 units - Renovations: brick work, elevators, balconies, many windows, doors
- Centrally located 10 minutes from downtown Ottawa - Good management in place
- Close to the UQO and University of Ottawa - Great quality of tenants
- Near Les Galeries de Hull shopping center - Excellent potential to increase rents
- Near casino, hospital, schools, public transports and services - Possibility to build a new 10-story condo tower on existing land
- Many major renovation have been done in recent years - Amazing investment opportunity with lots of upside

Residential

Studio 1 ½ 0
Alcove 2 ½ 30
1 bdrm 3 ½ 104
2 bdrm 4 ½ 60
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   194

Commercial

Commercial 3
Total Units   3

Parking

Parking 200
Garage 100
Storage 0
Total Spaces   300

Location

Main Artery Saint-Raymond blvd.
Intersection Moussette blvd.
Shopping Center Galeries de Hull
Metro Station
Bus 33, 49, 50 ,56 ,64, 533, 749
Attraction Gatineau Park
Hospital Hull Hospital
School UQO, Ottawa University

Heating

Energy Source Electricity
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 1342387
Building Type Detached
Floor Nb. 15
Year Built 1974
Lot Area 10922
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator 2 elevators
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool
Furnished
AC units
Basement
Fireplace
Intercom

Building Overview

Roof
Windows
Balconies
Exterior Walls
Electricity
Plumbing
Heating System
Hot Water Tanks
Elevator
Garage
Bathrooms
Kitchens
Certificate of Location Hugues St-Pierre - 1998-08-04
Envrionmental Report

Notes

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