Immeubles Gloria
Jean-Talon E., Villeray - Saint-Michel
17 residential units, 0 commercial units

Description

Residential
1
2
4
10
0
0
17
0

Financial Overview

Revenue 263,880$
Cost per Unit 241,176$
Cap. Rate 4.42 %
GRM 15.54
NRM 22.60
Return on Cash Flow 2.61 %
Return on Investment 7.31 %

Municipal Evaluation

Previous Assessment 2020-2022 1,427,300$
 
Land 2023-2025 395,300$
Building 2023-2025 1,631,500$
Total 2023-2025 2,026,800$

Highlights

- Beautiful 17 units building with incredible location - 4 units have been completely renovated recently
- 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 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 College, A-Grasset

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
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 | Repaired in 2019 ($19,000)
Exterior Walls Brick work done in the front in 2019 ($65,000)
Electricity 400 A 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 3 interior garage spaces | 3 garage doors replaced in 2019 ($4,400)
Bathrooms Four 4 ½ units were fully renovated in 2019
Kitchens Four 4 ½ units were fully renovated in 2019 (#6, 7, 12, 17) | Apartment #1 new kitchen
Certificate of Location Réjean Archambault - 2012-11-13 | A new certificate of location will be received shortly
Environmental Report Phase 1 - Spheratest - 2013 and 2018 | A new Phase 1 report will be received shortly

Notes

- Zoning: Usage C.4 H (commercial and residential) | Zone C03-052
- Over $400,000 in renovations invested since 2018
- New mailboxes (2021) | Intercom replaced in 2018 | 17 new smoke detectors replaced in 2021
*** 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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