Immeubles Gloria
1680 Barbeau, Sainte-Catherine
8 residential units, 0 commercial units | 2,895,000$

Description

Residential
0
0
1
3
4
0
8
0

Financial Overview

Revenue 154,380$
Cost per Unit 361,875$
Cap. Rate 3.30 %
GRM 18.75
NRM 30.27
Return on Cash Flow 3.18 %
Return on Investment 7.09 %

Municipal Evaluation

Previous Assessment 2017-2019 1,751,000$
 
Land 2020-2022 166,500$
Building 2020-2022 1,816,400$
Total 2020-2022 1,982,900$

Highlights

- Beautiful 8-plex built in 2018 in the heart of Sainte-Catherine - Electricity, heating and hot water paid by the tenants
- Designed by recognized architect Julie Dagenais et Associés - A/C, central vacuum, dishwasher and washer/dryer hookups ensuite
- Located directly in front of Saint-Constant SmartCentres - ADVANTAGEOUS MORTGAGE THAT COULD BE ASSUMED
- High end 2018 construction with concrete floors - Balance: 1.9M$ | Interest rate: 1.28% | Remaining term: 3 years
- Luxurious condo quallity interior finishings - Possibility to purchase the shares of the company
- Very large units, one 5 1/2 is 1,700 sq.ft on two floors - Amazing turn-key investment opportunity!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 1
2 bdrm 4 ½ 3
3 bdrm 5 ½ 4
4 bdrm + 6 ½ + 0
Total Units   8

Commercial

Commercial 0
Total Units   0

Parking

Parking 7
Garage 6
Storage 0
Total Spaces   13

Location

Main Artery Route 132
Intersection Route 132 / Barbeau
Shopping Center SmartCentres St-Constant
Metro Station Ste-Catherine train station
Bus
Attraction St-Lawrence River
Hospital Lasalle Hospital
School Cégep Charles-Lemoyne

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 2374143
Building Type Detached
Floor Nb. 4
Year Built 2018
Lot Area 1234
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups In all units
Dishwasher Hookups In all units
Pool None
Furnished
AC units Wall units
Basement Garages and apartments
Fireplace None
Intercom Yes

Building Overview

Roof 2018 construction | Elastomeric membrane
Windows 2018 construction | Many large windows, each units benefits from exceptional brightness
Balconies 2018 construction | 8' x 14' fiber glass balconies with tempered glass ramps
Exterior Walls 4 sides of building are brick | Concrete floors with superior soundproofing
Electricity 2018 construction
Plumbing Sprinkler system throughout the building | Dishwasher and washer/dryer hookups in the units
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage 6 garages and 7 exterior parking spaces
Bathrooms High-end ceramic
Kitchens White Quartz countertops | High-end ceramic
Certificate of Location Jean-Claude Fontaine - 2018-07-17
Envrionmental Report Phase 1 & Phase 2 - Spheratest - 2018-03

Notes

- The property was initially planned and structured to be sold as condos
- All the units have air conditioning and central vacuum system
- Molok waste management system | Levitation system withou odors
- ADVANTAGEOUS MORTGAGE RBC CMHC THAT COULD BE ASSUMED: Balance: 1.9M$ | Interest rate: 1.28% | Remaining term: 3 years
- Possibility to purchase the shares of the company and save the mutation taxes (the buyer should confirm the conditions with his notary)
- The information presented above are to be verified by the buyer during the inspection period
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