Immeubles Gloria
3497-3501 Ste-Catherine E, Hochelaga-Maisonneuve
4 residential units, 0 commercial units | 1,599,000$

Description

Residential
0
0
1
1
0
2
4
0

Financial Overview

Revenue 99,408$
Cost per Unit 399,750$
Cap. Rate 4.69 %
GRM 16.09
NRM 21.29
Return on Cash Flow 2.49 %
Return on Investment 4.41 %

Municipal Evaluation

Previous Assessment 2020-2022 476,000$
 
Land 2023-2025 125,500$
Building 2023-2025 974,500$
Total 2023-2025 1,100,000$

Highlights

- Beautiful brick building consisting of 1x 3.5, 1x 4.5 & 2x6.5 (4 bedrooms) - 2020: Balconies on 2nd & 3rd floor replaced, 12x20 feet (60,000$)
- Very large units, ground floor units are on two levels,12ft ceilings - Over 700,000$ invested in renovations since 2020-2021
- Property completely stripped and renovated - Near Joliette Metro, all universities, Maisonneuve Park
- New brick, windows & doors, balconies, security cameras, etc. - Wired central Wifi internet system in all the apartments
- New electrical, plumbing, kitchens, bathrooms, and more… - Main security camera system (8 cameras)
- Heating and hot water paid by tenants - A real gem, turnkey investment opportunity

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Notre-Dame E
Intersection Davidson
Shopping Center Promenades Ontario
Metro Station Joliette Metro
Bus 29, 34, 353
Attraction Maisonneuve Park
Hospital Notre-Dame Hospital
School McGill, Concordia

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank 4x60 gallons

General Information

Zoning Semi-Commercial
Cadastral 3363377
Building Type Semi-Detached
Floor Nb. 3
Year Built 1920
Lot Area 1500
Building Area 1500
Stove Included in leases
Refrigerator Included in leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups In all units
Dishwasher Hookups In 3 units
Pool None
Furnished 3497 is partially furnished
AC units Wall units included
Basement Finished, over 6 ft
Fireplace None
Intercom None

Building Overview

Roof 2014
Windows All the windows and interior and exterior doors replaced (2020-2021)
Balconies Balconies completly redone with new roof - 2020 (60,000$)
Exterior Walls Brick work done all around the building (2015-2020)
Electricity 100 AMP panels in each unit (2015-2021) | Main entrance 400AMP | Mostly LED lighting throughout the building
Plumbing Copper and ABS completly replaced including main drains under the slab basement
Heating System All new electrical baseboards and convectair (2019-2021) | Electrical heating paid by the tenants
Hot Water Tanks 4 hot water tanks replaced 2020-2021
Elevator None
Garage None
Bathrooms 3497: 2015 | 3499: 2020 | 3501: 2021 | 1400 Aylwin: 2021
Kitchens 3497: 2015 | 3499: 2020 | 3501: 2021 | 1400 Aylwin: 2021 | High end materials, granite kitchen counters
Certificate of Location Gilles Lebel - 2018-03-21
Envrionmental Report Phase 1 - Spheratest - 2021-04-26

Notes

- Fully renovated building in 2020-2021 with high end quality materials | Very secure building: security cameras, tempered glass windows and doors
- 2020-2021: New windows, interior and exterior doors, new balconies, fully redone kitchens and bathrooms, wall unit A/C in all the apartments, etc.
- 3501 Ste-Catherine: 1,840 sq.ft on 2 levels, 2 full bathrooms
- Ground floor and basement redone 100% | Basement’s height is approximately 6' 8''
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the BUYER’s own risks. ***
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