Immeubles Gloria
3685-3689 Mentana, Plateau-Mont-Royal
8 residential units, 0 commercial units | 3,250,000$

Description

Residential
3
0
2
1
0
2
8
0

Financial Overview

Revenue 186,440$
Cost per Unit 406,250$
Cap. Rate 4.14 %
GRM 17.43
NRM 24.13
Return on Cash Flow 1.01 %
Return on Investment 5.33 %

Municipal Evaluation

Previous Assessment 2020-2022 1,582,200$
 
Land 2023-2025 738,100$
Building 2023-2025 1,429,500$
Total 2023-2025 2,167,600$

Highlights

- Huge 8-plex in the heart of the Plateau-Mont-Royal - Square Saint-Louis, downtown and Quartier Latin nearby
- Completely renovated recently - The units are rented specifically to students
- Ground Floor : 3x1 ½, 2x3 ½, 1x4 ½ | 2nd-3rd Floor : 2 x 10 ½ - Management contract in place with a student housing company
- Incredible location steps away from La Fontaine Park - Advantageous CMHC financing to be assumed at 3.84% rate
- Sherbrooke metro is 450 meters away (4 min walk) - Excellent turn-key investment opportunity in an amazing location!
- The vibrant Mont-Royal avenue is 10 minutes away

Residential

Studio 1 ½ 3
Alcove 2 ½ 0
1 bdrm 3 ½ 2
2 bdrm 4 ½ 1
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 2
Total Units   8

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Sherbrooke E.
Intersection Parc-La Fontaine/Sherbrooke E.
Shopping Center Place Dupuis / av Mont-Royal
Metro Station Sherbrooke metro (450m)
Bus 14, 24, 356, 427
Attraction La Fontaine Park
Hospital CHUM, Notre-Dame
School UQAM, McGill, Concordia

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants & Owner

Heating Hot Water

Energy Source Electricity
Responsibility Tenants & Owner
Water Tank 3 x 178L

General Information

Zoning Residential
Cadastral 1885166
Building Type Attached
Floor Nb. 3
Year Built 1923
Lot Area 260
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer As per leases
Dryer As per leases
Elevator None
Wash/Dry Hookups In larger apartments
Dishwasher Hookups None
Pool None
Furnished Some appliances
AC units
Basement
Fireplace None
Intercom Yes

Building Overview

Roof
Windows
Balconies
Exterior Walls Wood frame
Electricity Main 400AMP | 3 Hydro-Quebec meters (one per floor) | Owner pays electricity for the ground floor (3689 Mentana).
Plumbing
Heating System Electrical heating | A/C in 3685 and 3687 | Air exchangers | Owner pays heating for the ground floor (3689 Mentana).
Hot Water Tanks 3 x 178L electrical hot water heaters | Owner pays hot water for the ground floor (3689 Mentana).
Elevator None
Garage None
Bathrooms Completely renovated recently
Kitchens Completely renovated recently
Certificate of Location Felix Guay Lord - 2019-05-08
Environmental Report

Notes

- Zoning: H.2-4 (2 to 8 units) | Zone 0492
- Walk Score: 96 | Bike Score: 100
- Ground Floor (3689) : 3 x 1 ½, 2 x 3 ½, 1 x 4 ½
- 2nd Floor : (3687) : One large 8 bedroom apartment with 2 full bathrooms, 3 toilet rooms, 1 shower room
- 3rd Floor : (3685) : One large 8 bedroom apartment with 3 full bathrooms, 5 toilet rooms, 1 shower room
** 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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