Immeubles Gloria
1-3-5-7-9 Terrasse-Chartrand, Franklin
36 residential units, 0 commercial units | 7,995,000$

Description

Residential
0
0
0
36
0
0
36
0

Financial Overview

Revenue 542,040$
Cost per Unit 222,083$
Cap. Rate 4.57 %
GRM 14.75
NRM 21.84
Return on Cash Flow 3.62 %
Return on Investment 8.20 %

Municipal Evaluation

Previous Assessment 2022-2023 4,012,100$
 
Land 2022-2024 156,200$
Building 2022-2024 4,710,500$
Total 2022-2024 4,866,700$

Highlights

- 5 buildings built between 2020 and 2022 for a total of 36 units - Washer/dryer hookups, dishwasher and A/C in the units
- Located in the municipality of Franklin, 1 hour south of Montreal - Many exterior parking and storage spaces
- Close to the US border (Churubusco customs) - Lots of rental demand in the area with good quality of tenants
- Near the town’s main employer Verger Leahy - Possibility to assume the existing advantageous CMHC financing
- All the apartments are large 4 1/2 of 950 sq.ft - Excellent turn-key investment opportunity!
- Open concept kitchen with quality finishings

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 0
2 bdrm 4 ½ 36
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   36

Commercial

Commercial 0
Total Units   0

Parking

Parking 61
Garage 0
Storage 36
Total Spaces   97

Location

Main Artery Route 209
Intersection Route 209 / Route 201
Shopping Center
Metro Station
Bus
Attraction Verger Leahy
Hospital Barrie Memorial
School

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Electricity
Responsibility Tenants
Water Tank

General Information

Zoning Residential
Cadastral 6346175
Building Type Detached
Floor Nb. 2
Year Built 2021
Lot Area 94325
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups In all the units
Dishwasher Hookups In all the units
Pool None
Furnished 13 units (5 appliances)
AC units Wall A/C
Basement
Fireplace None
Intercom None

Building Overview

Roof 2020-2022
Windows 2020-2022
Balconies 2020-2022
Exterior Walls 2020-2022
Electricity 2020-2022
Plumbing Dishwasher hookups in all the units
Heating System Electrical heating paid by the tenants | 1-3-5 : 20 x Wall A/C | 7-9 : 16 x heat pumps
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage 61 exterior parking spaces (including 7 visitor parking)
Bathrooms 2020-2022
Kitchens 2020-2022
Certificate of Location 2021-2022
Environmental Report Phase 1 - Spheratest - 2022-04-28

Notes

- 5 buildings part of a horizontal co-ownership for a total of 36 units | Common areas : 6 415 894 Cadastre du Québec
- 1 Terrasse-Chartrand : 6 units | 6346175 Cadastre du Québec | Construction June 2021
- 3 Terrasse-Chartrand : 6 units | 6346174 Cadastre du Québec | Construction July 2021
- 5 Terrasse-Chartrand : 8 units | 6346173 Cadastre du Québec | Construction June 2020
- 7 Terrasse-Chartrand : 8 units | 6346172 Cadastre du Québec | Construction June 2022
- 9 Terrasse-Chartrand : 8 units | 6346171 Cadastre du Québec | Construction May 2022
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