Immeubles Gloria
86-92-98 Desmarchais, Longueuil
24 residential units, 0 commercial units | 5,900,000$

Description

Residential
0
0
1
23
0
0
24
0

Financial Overview

Revenue 257,208$
Cost per Unit 245,833$
Cap. Rate 2.92 %
GRM 22.94
NRM 34.21
Return on Cash Flow 0.62 %
Return on Investment 2.10 %

Municipal Evaluation

Previous Assessment 2019-2021 2,467,600$
 
Land 2022-2024 929,700$
Building 2022-2024 2,011,700$
Total 2022-2024 2,941,400$

Highlights

- Three superb concrete buildings located in the heart of Longueuil - Electrical heating and hot water paid by tenants
- Prime location near Ch. De Chambly - Current rents are extremely low for the area
- Quick access to Longueuil Metro by bus and to Montreal - Huge potential to increase the revenues
- Close to all services: grocery stores, pharmacies, shopping centers - Possibility to assume existing loans of approximately $3,700,000
- Consisting of 24 large units: 23 x 4 ½ and 1 x 3 ½ - Excellent optimization project in a sought-after area!
- 24 parking spaces and washer/dryer hookups in the units

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 1
2 bdrm 4 ½ 23
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   24

Commercial

Commercial 0
Total Units   0

Parking

Parking 24
Garage 0
Storage 0
Total Spaces   24

Location

Main Artery ch. De Chambly
Intersection ch. De Chambly / Nobert
Shopping Center Place Longueuil
Metro Station Longueuil Metro
Bus 16, 572, 608, 616, 678
Attraction
Hospital Pierre Boucher Hospital
School Édouard-Montpetit College

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 1927004
Building Type Semi-Detached
Floor Nb. 3
Year Built 1970
Lot Area 2516
Building Area 0
Stove Tenants
Refrigerator Tenants
Washer Tenants
Dryer Tenants
Elevator None
Wash/Dry Hookups In all apartments
Dishwasher Hookups
Pool None
Furnished None
AC units
Basement Apartments
Fireplace None
Intercom Yes

Building Overview

Roof
Windows
Balconies
Exterior Walls Concrete structure
Electricity
Plumbing Washer/dryer hookups in all the apartments
Heating System Electrical heating paid by the tenants
Hot Water Tanks Electrical hot water paid by the tenants
Elevator None
Garage 24 exterior parking spaces (8 per building)
Bathrooms Some renovations were done over the years
Kitchens Some renovations were done over the years
Certificate of Location
Environmental Report

Notes

- Zoning : Usage H3 (4 to 12 units per building) | Zone H24-071
- 86 Desmarchais : 8 units | 1 927 004 Cadastre du Québec
- 92 Desmarchais : 8 units | 1 927 005 Cadastre du Québec
- 98 Desmarchais : 8 units | 1 927 007 Cadastre du Québec
*** 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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