Immeubles Gloria
4955 Édouard-Montpetit, Côte-des-Neiges
14 residential units, 0 commercial units | 2,850,000$

Description

Financial Overview

Revenue 160,020$
Cost per Unit 203,571$
Cap. Rate 3.00 %
GRM 17.81
NRM 33.33
Return on Cash Flow 1.29 %
Return on Investment 2.18 %

Municipal Evaluation

Previous Assessment 2020-2022 2,091,500$
 
Land 2023-2025 718,500$
Building 2023-2025 2,356,000$
Total 2023-2025 3,074,500$

Highlights

- Beautiful 14 units building in the heart of Côte-des-Neiges - One 5 ½ of 1,000 sq.ft on 2 floors with private rooftop terrace
- Great location 600m away from Snowdon Metro - Potential to convert the heating system to electricity
- Quick access to UdeM, HEC, Polytechnic, Collège Brébeuf - Long time owners, first time on the market in 20 years
- Close to Jewish General Hospital, Ste-Justine and St-Mary's - The rents are extremely low for the area
- Walking distance to Décarie Square and SmartCenters - Huge potential to increase the revenues
- All large apartments, the 4 ½ are 850 sq.ft - Excellent investment opportunity in a great location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 0
2 bdrm 4 ½ 13
3 bdrm 5 ½ 1
4 bdrm + 6 ½ + 0
Total Units   14

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 15
Total Spaces   15

Location

Main Artery Décarie and Victoria
Intersection Queen-Mary / Décarie
Shopping Center Décarie Square
Metro Station Snowdon (600m)
Bus 17, 129, 124, 368, 371
Attraction Oratoire St-Joseph
Hospital Jewish General, Ste-Justine
School UdeM, HEC, Polytechnic

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank 2 x 75GAL

General Information

Zoning Residential
Cadastral 2650536
Building Type Detached
Floor Nb. 3
Year Built 1950
Lot Area 733
Building Area 0
Stove Included in leases
Refrigerator Included in leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished Fridge & stove
AC units
Basement Garage and units
Fireplace None
Intercom Yes

Building Overview

Roof Tar and gravel (2008)
Windows Windows and balcony doors progressively replaced from 2003 to 2014
Balconies
Exterior Walls Brick work and repointing : south and front wall November 2022 (75,000$) | North wall 2020 | Back wall 2008
Electricity 30AMP panels with breakers (2008) | Recent Hydro-Quebec meters | 200AMP Main
Plumbing
Heating System Natural gas furnace (1990) | Heating paid by owner | Each tenants pays the gas for their stove
Hot Water Tanks Natural gas hot water heaters 2 x 75GAL | Hot water paid by owner
Elevator None
Garage 2 double garage doors (condemned) | Possibility to reconvert to garage or to add a unit (to verify with the City)
Bathrooms Bathrooms were renovated over the years
Kitchens Kitchens were renovated over the years | Natural gas stove
Certificate of Location Roger Simard - January 2023
Envrionmental Report Phase 1 - December 2022

Notes

- Zoning H.6 (12 to 36 units) | Zone 0248 | Advantageous zoning allowing to add or subdivide units (to confirm with City)
- Potential to convert the existing natural gas heating system to electricity and transfer the heating costs to the tenants
- Ceilings throughout the building are over 9 feet in height
- Walkscore : 88 Bikescore : 70
- The information presented above are to be verified by the buyer during the inspection period.
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