Immeubles Gloria
1654 Joliette, Longueuil
18 residential units, 0 commercial units | 2,350,000$

Description

Financial Overview

Revenue 0$
Cost per Unit 130,556$
Cap. Rate 3.16 %
GRM 0.00
NRM 31.56
Return on Cash Flow 1.24 %
Return on Investment 2.45 %

Municipal Evaluation

Previous Assessment 2016-2018 1,196,000$
 
Land 2019-2021 326,100$
Building 2019-2021 1,084,400$
Total 2019-2021 1,410,500$

Highlights

- Beautiful building with 18 units in the heart of Longueuil - Doors and windows 2018, electrical main 2020, intercom 2020
- A few minutes away from Longueuil Metro and Place Longueuil - Very well maintained through the years
- 15 minutes away from Downtown Montreal and Old Port - No apartment in the basement
- Close to Jacques-Cartier bridge and Taschereau boulevard - Potential to charge the tenants for the exterior parking
- Natural gas heating and hot water paid by the owner - Huge potential to increase the rent
- Electrical conversion potential at a cost of approximately 50,000$ - Excellent investment opportunity in a great location!

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 13
2 bdrm 4 ½ 5
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   18

Commercial

Commercial 0
Total Units   0

Parking

Parking 16
Garage 0
Storage 0
Total Spaces   16

Location

Main Artery Taschereau Blvd.
Intersection Joliette / Curé-Poirier W.
Shopping Center Place Longueuil
Metro Station Longueuil Metro
Bus 23, 71, 73, 77, 123, 170, 177
Attraction Ste-Hélène Island
Hospital Charles-Le-Moyne
School Longueuil Campus

Heating

Energy Source Natural Gas
Heating Type Hot Water
Responsibility Owner

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank 3 hot water tanks

General Information

Zoning Residential
Cadastral 3223726
Building Type Detached
Floor Nb. 3
Year Built 1972
Lot Area 1198
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups
Pool None
Furnished Fridges & stoves (13)
AC units
Basement
Fireplace None
Intercom Yes

Building Overview

Roof Roof 2003 with regular maintenance
Windows 7 new patio doors and 30 new windows in 2018
Balconies
Exterior Walls Wood structure
Electricity Electrical main redone in 2020 | Breakers in apartments | 18 Hydro-Quebec meters + 1 service
Plumbing Copper plumbing
Heating System Natural gas furnace | Possibility to convert electrical at a cost of 50,000$ (based on recent quotation)
Hot Water Tanks 2 hot water heaters out of 3 were replaced in 2017
Elevator None
Garage 16 exterior parking spaces
Bathrooms Many bathrooms were renovated as needed at 50% in recent years
Kitchens Many kitchens were renovated as needed at 50% in recent years
Certificate of Location Gilles Lebel - 2010-01-28
Envrionmental Report Phase 1 in 2004 and update in 2009

Notes

- Intercom system redone in 2020
- Fire alarm with annual inspection
- This building has an acquired right based on the zoning for the number of units (zone H24-284)
- 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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