Immeubles Gloria
490 Chomedey, Laval
28 residential units, 0 commercial units | 6,325,000$

Description

Residential
1
0
14
13
0
0
28
0

Financial Overview

Revenue 375,360$
Cost per Unit 225,893$
Cap. Rate 3.86 %
GRM 16.85
NRM 25.87
Return on Cash Flow 1.44 %
Return on Investment 3.57 %

Municipal Evaluation

Previous Assessment 2022-2024 2,697,900$
 
Land 2025-2027 375,800$
Building 2025-2027 3,269,800$
Total 2025-2027 3,645,600$

Highlights

- Stunning 28-unit apartment building in the heart of Laval - Most bathrooms renovated in 2025
- Strategic location in the heart of Chomedey - Electric heating paid by tenants (conversion completed in 2008)
- Minutes from Centropolis and Carrefour Laval - Natural gas hot water paid by the owner
- Quick access to Montmorency metro and Highways 15 and 440 - Rents well below market with strong upside potential
- Several renovations completed in recent years - Eligible for CMHC MLI Select 100-point financing
- Roof (2020), balconies (2019), fire alarm system (2023) - Rare investment opportunity with tremendous potential

Residential

Studio 1 ½ 1
Alcove 2 ½ 0
1 bdrm 3 ½ 14
2 bdrm 4 ½ 13
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   28

Commercial

Commercial 0
Total Units   0

Parking

Parking 19
Garage 14
Storage 0
Total Spaces   33

Location

Main Artery Curé-Labelle
Intersection Chomedey / Cartier
Shopping Center Centropolis
Metro Station Montmorency Metro
Bus 55, 255, 713
Attraction Place Bell
Hospital Sacred-Heart Hospital
School Montmorency Cegep

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Tenants

Heating Hot Water

Energy Source Natural Gas
Responsibility Owner
Water Tank

General Information

Zoning Residential
Cadastral 1637803
Building Type Semi-Detached
Floor Nb. 3
Year Built 1968
Lot Area 1466
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Coinamatic
Dryer Coinamatic
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished None
AC units None
Basement Garage + units
Fireplace None
Intercom Yes

Building Overview

Roof TPO roof replaced (2020 | $50,000) - 20-year warranty
Windows Windows replaced (2012 | $70,000)
Balconies Rear fiberglass balconies replaced (2019 | $9,000)
Exterior Walls Wood and brick structure
Electricity Complete conversion to electric heating in 2008 (wiring and electrical breaker panels)
Plumbing
Heating System Electric heating paid by tenants
Hot Water Tanks Natural gas hot water paid by owner | Tanks replaced (2025 | $15,000)
Elevator None
Garage 14 interior garages | 19 exterior parking spaces | CO detectors
Bathrooms Most bathrooms renovated in 2025
Kitchens Ceramic kitchen floors
Certificate of Location Stephan Roy - 2021-04-29
Environmental Report A new Phase 1 report has been ordered.

Notes

- Zoning : T4.4 with usage H2-H3 | Zone 3101
- 2025: Paved stones entrance ($12,000), garage driveway asphalt ($14,000)
- 2023: Fire alarm system ($6,500)
*** 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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