Immeubles Gloria
4701-4719 La Fontaine, Hochelaga-Maisonneuve
16 residential units, 0 commercial units | 3,500,000$

Description

Financial Overview

Revenue 184,332$
Cost per Unit 218,750$
Cap. Rate 3.74 %
GRM 18.99
NRM 26.68
Return on Cash Flow 1.23 %
Return on Investment 2.64 %

Municipal Evaluation

Previous Assessment 2017-2019 1,407,300$
 
Land 2020-2022 628,000$
Building 2020-2022 891,900$
Total 2020-2022 1,519,900$

Highlights

- Beautiful stone building in the heart of HOMA - New Canoë residential project of over 1,000 units 3 blocks away
- Many very large apartments (RDC units are 1,800 sq.ft) - Very long time owners, well maintenained property over the years
- Heating and hot water paid by the tenants - First time on the market in 35 years
- 10 minutes away from Viau Metro and from future East REM - Current rents are extremely low for the unit size
- A few steps away from Marché Maisonneuve, grocery store, pharmacy - Lots of potential to increase the revenues
- Close to Olympic Stadium, Biodome, Maisonneuve Park - Excellent investment opportunity not to be missed!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 7
2 bdrm 4 ½ 0
3 bdrm 5 ½ 5
4 bdrm + 6 ½ + 4
Total Units   16

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 0
Storage 0
Total Spaces   0

Location

Main Artery Viau street
Intersection Ontario East / rue Viau
Shopping Center Marché Maisonneuve
Metro Station Viau Metro
Bus 34, 85, 125, 353, 362
Attraction Maisonneuve Park
Hospital Maisonneuve-Rosemont
School College Maisonneuve

Heating

Energy Source Electricity & Gas
Heating Type Baseboards & Hot Water
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank 16 tanks

General Information

Zoning Residential
Cadastral 1881307
Building Type Semi-Detached
Floor Nb. 3
Year Built 1915
Lot Area 785
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups In the apartments
Dishwasher Hookups
Pool None
Furnished
AC units
Basement Crawlspace
Fireplace None
Intercom None

Building Overview

Roof New TPO roof done in May 2021 (73,000$)
Windows
Balconies Recent front balconies, aluminium flooring, welded aluminium ramps
Exterior Walls Concrete foundations with wood structure | Crawlspace basement
Electricity 100AMP electrical panels with breakers in all the units
Plumbing Copper main water entry
Heating System Natural gas heating in 2 ground floor units, the other units have electrical heating
Hot Water Tanks 16 hot water tank of 40 gallons less than 10 years old
Elevator None
Garage None
Bathrooms 4717 completely renovated in 2021 at a cost of 60,000$
Kitchens 4717 completely renovated in 2021 at a cost of 60,000$
Certificate of Location VRSB - 2021-02-25
Envrionmental Report Phase 1, Phase 2 & Phase 3 (2022)

Notes

- 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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