Immeubles Gloria
2375 Jean-Talon E., Villeray - Saint-Michel
17 residential units, 0 commercial units | 3,650,000$

Description

Financial Overview

Revenue 204,600$
Cost per Unit 214,706$
Cap. Rate 3.66 %
GRM 17.84
NRM 27.27
Return on Cash Flow 1.66 %
Return on Investment 2.45 %

Municipal Evaluation

Previous Assessment 2017-2019 1,297,500$
 
Land 2020-2022 312,100$
Building 2020-2022 1,115,200$
Total 2020-2022 1,427,300$

Highlights

- Beautiful 17 units building with incredible location - 4 units have been recently completely renovated
- Located directly in front of D'Iberville Metro Station - Very well maintained and managed property over the years
- A few steps away from commercial section of Beaubien E street - Excellent quality of tenants, lots of rental demand in the area
- Heating and hot water paid by the owner - Good potential to increase the rents
- Over 400,000$ invested in renovations since 2018 - Amazing investment opportunity in great location!
- Redone: roof, balconies, brick, intercom, garage doors, etc

Residential

Studio 1 ½ 1
Alcove 2 ½ 2
1 bdrm 3 ½ 4
2 bdrm 4 ½ 10
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   17

Commercial

Commercial 0
Total Units   0

Parking

Parking 0
Garage 3
Storage 10
Total Spaces   13

Location

Main Artery Jean-Talon E.
Intersection Jean-Talon E. / Papineau
Shopping Center Boulevard Shopping Centre
Metro Station Iberville Metro Station
Bus 45, 93, 94, 359, 372
Attraction Jean-Talon Market
Hospital Jean-Talon Hospital
School Rosemont / André Grasset Cegeps

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 2167342
Building Type Attached
Floor Nb. 3
Year Built 1960
Lot Area 416
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room & 4 apt.
Dishwasher Hookups
Pool None
Furnished Fridge & stove
AC units Tenants
Basement Units and garage
Fireplace None
Intercom Yes

Building Overview

Roof Tar and gravel | Redone in 2018 (29,000$) | 10 years warranty
Windows
Balconies Fiber glass balconies with aluminium ramps | Replaced in 2019 (19,000$)
Exterior Walls Brick work done in the front in 2019 (65,000$)
Electricity 400AMP main electrical entry | 60AMP panels with breakers replaced in 2017
Plumbing Commercial washer/dryer replaced in 2019 (3600$) | Washer/dryer hookups in the 4 renovated units only
Heating System Hot water heating system with natural gas furnace (2010) | Heating paid by the owner
Hot Water Tanks Gas hot water heater replaced in 2021 (10,000$) | Hot water paid by the owner
Elevator None
Garage 6 interior garage spaces | 3 garage doors replaced in 2019 (4,400$)
Bathrooms 4 units 4 1/2 completely renovated in 2019
Kitchens 4 units 4 1/2 completely renovated in 2019
Certificate of Location Réjean Archambault - 2012-11-13
Envrionmental Report Phase 1 - Spheratest - 2013-05-29 | Phase 1 Update - Spheratest - 2018-12-11

Notes

- Over 400,000$ in renovations invested since 2018
- New mailboxes (2021) | Intercom replaced in 2018 | 17 new smoke detectors replaced in 2021
- 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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