Immeubles Gloria
14536 Notre-Dame E., Pointe-aux-Trembles
125 residential units, 0 commercial units | 11,000,000$

Description

Financial Overview

Revenue 921,900$
Cost per Unit 88,000$
Cap. Rate 4.99 %
GRM 11.93
NRM 20.01
Return on Cash Flow 3.55 %
Return on Investment 7.25 %

Municipal Evaluation

Previous Assessment 2017-2019 4,950,000$
 
Land 2020-2022 1,603,600$
Building 2020-2022 3,346,400$
Total 2020-2022 4,950,000$

Highlights

- Waterfront retirement home in Pointe-aux-Trembles - Security equipments on site and 4 elevators
- 124 private and semi-private rooms between 200 to 320 sq.ft - Over 40% of the units are currently vacant
- Different room configurations, and one 3 1/2 in the basement - The tenants must be over 55 years old or be retired
- Strategic location near the future REM de l'Est terminus - In the process of confirming the zoning with the City of Montreal
- Quick access to Downtown Montreal - Cost per door very low for the Island of Montreal
- Building with beautiful waterfront view - Excellent investment opportunity with lots of potential

Residential

Studio 1 ½ 124
Alcove 2 ½ 0
1 bdrm 3 ½ 1
2 bdrm 4 ½ 0
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   125

Commercial

Commercial 0
Total Units   0

Parking

Parking 35
Garage 0
Storage 3
Total Spaces   38

Location

Main Artery Notre-Dame E.
Intersection de la Rousselière Blvd.
Shopping Center Carrefour de la Pointe
Metro Station Future REM de l'Est
Bus 189, 362, 410, 487
Attraction Pointe-aux-Prairies Park
Hospital CHSLD F-Séguenot
School

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Owner

Heating Hot Water

Energy Source Electricity
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 1456323
Building Type Detached
Floor Nb. 3
Year Built 1966
Lot Area 4964
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator 4 elevators
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished
AC units
Basement
Fireplace None
Intercom Yes

Building Overview

Roof Roof redone in 2017-2018 (no invoice on file)
Windows
Balconies 2 large common patios
Exterior Walls
Electricity 5 heat pumps: heating/cooling of common areas and kitchen | 4 A/C units: service areas, lounge and kitchen
Plumbing Copper plumbing (to be verified) | Property has sprinklers, previously a nursing home
Heating System Electric heating paid by owner
Hot Water Tanks Natural gas water heater paid by owner
Elevator 4 elevators, one per building. One elevator redone in 2005 (no invoice on file)
Garage 35 exterior parking spaces
Bathrooms Many renovated bathrooms, 5 shared bathrooms
Kitchens 3 shared kitchen and a large commercial kitchen with capacity for 100 guests
Certificate of Location Mélanie Chaurette - 2019-08-29
Envrionmental Report Phase 1 - Solmatech - 2010-08-13

Notes

- Fully renovated building in 2005, converted from a motel to a nursing home (no invoice on file)
- Emergency alarm updated in 2019 for approximately 200,000$ (no invoice on file)
- Basement includes: Chapel, meeting room, storage and employee lockers
- Services include: Restaurant with 100 seats dining room and commercial kitchen, recreational rooms, smoking lounge
- 2 commercial spaces were used as a hair salon and a pharmacy | New commercial leases could be obtained (subject to City regulations)
- The information presented above are to be verified by the buyer during the inspection period.
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