Immeubles Gloria
3375 Gélineau, St-Hubert
8 residential units, 0 commercial units | 2,500,000$

Description

Residential
0
0
0
0
8
0
8
0

Financial Overview

Revenue 150,960$
Cost per Unit 312,500$
Cap. Rate 4.65 %
GRM 16.56
NRM 21.47
Return on Cash Flow 4.21 %
Return on Investment 8.48 %

Municipal Evaluation

Previous Assessment 2022-2024 1,160,600$
 
Land 2025-2027 342,400$
Building 2025-2027 1,141,100$
Total 2025-2027 1,483,500$

Highlights

- Gorgeous 8-plex located in the heart of St-Hubert - Washer/dryer and dishwasher hookups in all the units
- Good location near all services, transports, parks and amenities - 5 apartments renovated in the last 5 years
- DIX30 and Promenades St-Bruno are 15 minutes away - 3 units still have below-market rents, lots of room for optimization
- 8 large apartments of over 1,000 sq.ft. each - Possibility of CMHC MLI Select financing
- Each tenant has a parking space and a storage locker - Possibility to purchase with minimal down payment
- Electric heating and hot water paid by the tenants - Amazing investment opportunity in a great neighborhood

Residential

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

Commercial

Commercial 0
Total Units   0

Parking

Parking 12
Garage 0
Storage 8
Total Spaces   20

Location

Main Artery boul. Davis
Intersection Gélineau & Lapierre
Shopping Center Promenades St-Bruno
Metro Station Longueuil metro
Bus
Attraction Parc de la Cité
Hospital Charles-LeMoyne Hospital
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 2200075
Building Type Detached
Floor Nb. 3
Year Built 1978
Lot Area 760
Building Area 197
Stove As per leases
Refrigerator As per leases
Washer In apartments
Dryer In apartments
Elevator None
Wash/Dry Hookups In apartments
Dishwasher Hookups In apartments
Pool None
Furnished None
AC units None
Basement Apartments
Fireplace None
Intercom Yes

Building Overview

Roof Elastomeric membrane (2024 | 31,000$)
Windows
Balconies
Exterior Walls
Electricity 100 AMP panels in all the units
Plumbing Washer/dryer hookups in all the units
Heating System Electric heating paid by the tenants
Hot Water Tanks Electric hot water heating paid by the tenants
Elevator None
Garage 12 exterior parking spaces
Bathrooms Renovated apartments : #1, 2, 5, 7, 8
Kitchens Renovated apartments : #1, 2, 5, 7, 8
Certificate of Location Luc Sauve - 2014-01-16
Environmental Report Phase 1 - EnviroServices - 2020-08-01

Notes

- Zoning : Usage H.4 (8 units) | Zone H-407
- Possibility to qualify for CMHC MLI Select 50 points financing with energy efficiency
*** 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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