Immeubles Gloria
Marsolet & Régnault Project, Sept-Îles
302 residential units, 0 commercial units | 28,000,000$

Description

Residential
0
0
4
52
72
174
302
0

Financial Overview

Revenue 3,236,944$
Cost per Unit 92,715$
Cap. Rate 6.28 %
GRM 8.65
NRM 15.92
Return on Cash Flow 12.10 %
Return on Investment 19.85 %

Municipal Evaluation

Previous Assessment 2016-2018 10,956,700$
 
Land 2019-2021 2,411,500$
Building 2019-2021 8,366,500$
Total 2019-2021 10,778,000$

Highlights

- Jardins de Sept-Îles: Complex of 182 units in 10 buildings - Both projects can be sold separately or together
- 200 Régnault: Complex of 120 units in 6 buildings - Excellent investment opportunity
- Major renovations in the last few years
- The area is being developed with the Sept-Îles Harbour
- Great potential to increase rents

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 4
2 bdrm 4 ½ 52
3 bdrm 5 ½ 72
4 bdrm + 6 ½ + 174
Total Units   302

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery
Intersection
Shopping Center
Metro Station
Bus
Attraction
Hospital
School

Heating

Energy Source Oil / Electricity
Heating Type
Responsibility Tenants & Owner

Heating Hot Water

Energy Source Electricity
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 5138443
Building Type Attached
Floor Nb. 2
Year Built 1972
Lot Area 0
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

Building Overview

Roof Marsolet: 2011 at a cost of 1,100,000$
Windows
Balconies
Exterior Walls Marsolet: Brick work done in 2012-2013 at the cost of 2,000,000$.
Electricity
Plumbing Washer/dryer hookups in all units
Heating System Marsolet: Units are heated with hot water, 3 oil and 1 electrical furnace heat the water. Régnault: Electric baseboards
Hot Water Tanks
Elevator None
Garage None
Bathrooms
Kitchens
Certificate of Location 2020-10
Envrionmental Report 2020-10

Notes

- Please see individual listings for more details about the properties.
- Marsolet (182 units) and Régnault (120 units) can be sold together or seperately
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