Immeubles Gloria
200 rue Régnault, Sept-Îles
120 residential units, 0 commercial units | 12,000,000$

Description

Financial Overview

Revenue 1,079,464$
Cost per Unit 100,000$
Cap. Rate 5.17 %
GRM 11.12
NRM 19.32
Return on Cash Flow 7.40 %
Return on Investment 14.79 %

Municipal Evaluation

Previous Assessment 2016-2018 4,403,800$
 
Land 2019-2021 611,900$
Building 2019-2021 3,598,700$
Total 2019-2021 4,210,600$

Highlights

- Housing complex consisting of 120 units in 6 buildings - The area is being developed with the Sept-Îles Harbour
- 4 buildings of 14 units, 2 of 32 units - Located in the urbanised area of the city, with quick access to amenities
- Electrical heating paid by tenants, hot water by owner - Walking distance to Intercar Terminus
- Major renovations in the last few years
- Well managed properties - Can be sold with another 182 units project at 30-50 Marsolet
- Great potential to increase rents - Excellent investment opportunity

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 4
2 bdrm 4 ½ 52
3 bdrm 5 ½ 64
4 bdrm + 6 ½ + 0
Total Units   120

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Boulevard Laure
Intersection Rue Comeau
Shopping Center Local stores
Metro Station
Bus Intercar Terminus
Attraction Outdoor Center Lac des Rapides
Hospital CISS North Shore Hospital
School École Maisonneuve

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 2829684
Building Type Detached
Floor Nb. 3
Year Built 1971
Lot Area 14961
Building Area 0
Stove Tenants
Refrigerator Tenants
Washer Tenants
Dryer Tenants
Elevator None
Wash/Dry Hookups In all apt.
Dishwasher Hookups
Pool None
Furnished No
AC units
Basement
Fireplace
Intercom Yes

Building Overview

Roof 2004 Elastomere membrane
Windows Most of the windows were changed in 2004, patio doors 2012
Balconies Balconies redone 2015 (E-F-G-H)
Exterior Walls Brick work and metal siding done recently
Electricity Each unit has its own electrical meter. Main entrance of 600 amp for 14 units, 800 amp for 32 units
Plumbing Washer/dryer hookups in all the units
Heating System Electric baseboards
Hot Water Tanks 4-5 electrical hot water tanks per building
Elevator None
Garage None
Bathrooms
Kitchens
Certificate of Location Dany Savard - 2020-09-30
Envrionmental Report Phase 1 - SNC Lavalin - 2020-10-29

Notes

4 buildings of 14 units and 2 buildings of 32 units
Recent renovations: concrete sidewalk (2020), intercom, alarm (2019)
Major renovations in the last few years
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