Immeubles Gloria
6351 Joseph-Renaud, Anjou
38 residential units, 0 commercial units | 6,400,000$

Description

Financial Overview

Revenue 476,196$
Cost per Unit 168,421$
Cap. Rate 4.60 %
GRM 13.44
NRM 21.69
Return on Cash Flow 2.58 %
Return on Investment 4.15 %

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 - 26 units will be vacant shortly in order to optimize the rents
- Very large apartments, the 4 1/2 are over 900 sq.ft - The remaining rents are extremely low for the area
- 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 - Amazing optimzation project to increase the revenues
- Across the street from Centre Joseph Renaud commercial center - Excellent investment opportunity !
- Natural gas heating and hot water paid by the owner

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 8
Total Spaces   20

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 redone in 2018-2019 (150,000$)
Windows
Balconies Fiber glass
Exterior Walls Brick
Electricity 60AMP panels | Most apartments still have fuses
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 6 garages
Bathrooms Original bathrooms | 70% of the units will be vacant shortly for a renovation project
Kitchens Original kitchens | 70% of the units will be vacant shortly for a renovation project
Certificate of Location T.T Katz - 2022-05-17
Envrionmental Report Phase 1 - Groupe Ortam - 2022-04-13

Notes

- Security cameras inside the building in common areas and corridors
- 70% of the units will be vacant shortly for a renovation project
- 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. ***
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