Immeubles Gloria
4025 Des Érables, Plateau-Mont-Royal
16 residential units, 0 commercial units | 2,950,000$

Description

Financial Overview

Revenue 175,848$
Cost per Unit 184,375$
Cap. Rate 3.87 %
GRM 16.78
NRM 25.77
Return on Cash Flow 2.80 %
Return on Investment 7.60 %

Municipal Evaluation

Previous Assessment 2017-2019 1,635,800$
 
Land 2020-2022 483,800$
Building 2020-2022 1,610,000$
Total 2020-2022 2,093,800$

Highlights

- Beautiful brick building in the heart of the Plateau-Mont-Royal - Rents are significantly lower than the market value
- Amazing location near Lafontaine Park and Baldwin park - Amazing potential to increase the revenus
- Close to Frontenac metro station and Jacques-Cartier bridge - Excellent opportunity in a great location!
- Walkscore of 92 and Bikescore of 100
- Electrical heating and hot water paid by tenants
- Many renovations done in recent years

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 1
2 bdrm 4 ½ 15
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   16

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Sherbrooke
Intersection Sherbrooke / Papineau
Shopping Center Place Dupuis
Metro Station Frontenac Metro
Bus 10, 24, 356, 445
Attraction Downtown Montreal
Hospital Notre-Dame Hospital
School All universities

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank 1 per unit

General Information

Zoning Residential
Cadastral 1423643
Building Type Detached
Floor Nb. 3
Year Built 1962
Lot Area 4670
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room in basement
Dishwasher Hookups None
Pool None
Furnished Fridge & stove
AC units
Basement Units in basement
Fireplace
Intercom

Building Overview

Roof Roof 2020 - 55,000$ (no invoice on file)
Windows
Balconies
Exterior Walls
Electricity
Plumbing
Heating System Electrical heating paid by tenants
Hot Water Tanks Electrical hot water tanks in all the units
Elevator None
Garage None
Bathrooms
Kitchens Fridges and stoves included in most apartments
Certificate of Location 2016-09-15 - Stephan Roy
Envrionmental Report 2016-10-07 - Phase 1 - NCL Envirotek

Notes

*** This sale is done without legal warranty of quality, at the Buyer's risks and perils ***
- The seller requests that the existing mortgage with Peoples Trust is to be assumed by the Buyer
- Wifi internet is included in most leases
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