Immeubles Gloria
6351 Joseph-Renaud, Anjou
38 residential units, 0 commercial units | 5,400,000$

Description

Financial Overview

Revenue 319,068$
Cost per Unit 142,105$
Cap. Rate 2.96 %
GRM 16.92
NRM 33.72
Return on Cash Flow 1.26 %
Return on Investment 3.45 %

Municipal Evaluation

Previous Assessment 2017-2019 2,587,500$
 
Land 2020-2022 655,600$
Building 2020-2022 2,449,400$
Total 2020-2022 3,105,000$

Highlights

- Beautiful brick building of 38 units in the heart of Anjou - First time on the market since its construction in 1962
- Very large apartments, the 4 1/2 are over 900 sq.ft - Well maintained and managed property over the years
- Excellent location close to Galeries d'Anjou and Place Versailles - Potential to convert to electrical heating and reduce the expenses
- Minutes away from future REM de l'Est station at Place Versailles - The rents are extremely low for the area
- Across the street from Centre Joseph Renaud commercial center - Amazing potential to increase the revenues
- Natural gas heating and hot water paid by the owner - Excellent investment opportunity !

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 24
2 bdrm 4 ½ 14
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   38

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 12
Storage 0
Total Spaces   12

Location

Main Artery Roi-René Blvd.
Intersection Highway 25 / 40
Shopping Center Place Versailles/Galerie Anjou
Metro Station Honoré-Beaugrand Metro
Bus 28, 85, 141, 364
Attraction Promenade-Bellerive Park
Hospital Maisonneuve Hospital
School Cegep Maisonneuve

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank 2x72 gallons

General Information

Zoning Residential
Cadastral 1113069
Building Type Detached
Floor Nb. 3
Year Built 1962
Lot Area 2222
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished Fridge and Stove
AC units
Basement Garage and 2 units
Fireplace None
Intercom Yes

Building Overview

Roof Roof completely replaced in 2018-2019 (150,000$)
Windows
Balconies Fiber glass
Exterior Walls Brick
Electricity Most apartments still have fuses, 60AMP panels
Plumbing
Heating System Hot water heating fired with natural gas at the owner's cost
Hot Water Tanks Hot water fired with natural gas at the owner's cost | 2 x 72 gallons hot water tanks (2011 and 2013)
Elevator None
Garage 12 garage spaces
Bathrooms Most apartments have original bathrooms
Kitchens Most apartments have original kitchens
Certificate of Location Francois Anglehart - 2004-11-08
Envrionmental Report Phase 1 - Inspec-Sol - 2009

Notes

- Security cameras inside the building in common areas and corridors
- The information presented above are to be verified by the buyer during the inspection period.
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the BUYER’s own risks. ***
Top