Immeubles Gloria
3230 Saint-Martin E., Laval (Duvernay)
24 residential units, 0 commercial units | 5,900,000$

Description

Residential
0
0
3
21
0
0
24
0

Financial Overview

Revenue 326,880$
Cost per Unit 245,833$
Cap. Rate 3.75 %
GRM 18.05
NRM 26.62
Return on Cash Flow 1.17 %
Return on Investment 2.65 %

Municipal Evaluation

Previous Assessment 2022-2024 2,801,200$
 
Land 2025-2027 944,500$
Building 2025-2027 2,361,400$
Total 2025-2027 3,305,900$

Highlights

- Attractive 24-unit apartment building well located in Laval. - Current rents below those of comparable properties in the area.
- Primarily composed of two-bedroom apartments. - Possibility for advantageous CMHC MLI Select financing.
- Washer, dryer and dishwasher hookups in every unit. - Excellent investment opportunity in a sought-after area!
- Tenants pay for electric heating and hot water.
- Various renovations completed over the years.
- 30 outdoor parking spaces.

Residential

Studio 1 ½ 0
Alcove 2 ½ 0
1 bdrm 3 ½ 3
2 bdrm 4 ½ 21
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   24

Commercial

Commercial 0
Total Units   0

Parking

Parking 30
Garage 0
Storage 0
Total Spaces   30

Location

Main Artery Highway 19
Intersection A19 / A440
Shopping Center Carrefour Laval
Metro Station
Bus
Attraction Centre de la Nature
Hospital Cité-de-la-Santé
School Collège Laval

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 2000317
Building Type Detached
Floor Nb. 3
Year Built 1977
Lot Area 2193
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer As per leases
Dryer As per leases
Elevator None
Wash/Dry Hookups In the apartments
Dishwasher Hookups In the apartments
Pool None
Furnished Dishwashers only
AC units None
Basement Apartments
Fireplace None
Intercom Yes

Building Overview

Roof
Windows Patio doors and apartment windows recently replaced
Balconies
Exterior Walls
Electricity
Plumbing
Heating System Electric heating paid by the tenants
Hot Water Tanks Electric hot water heating paid by the tenants
Elevator
Garage 30 outdoor parking spaces | Parking lot recently repaved
Bathrooms
Kitchens
Certificate of Location 2014-05-22
Environmental Report Phase 1 - 2014

Notes

- Zoning: Usage H3 (multiresidential) | Zone T5.1-7032
- Fire alarm system recently upgraded
*** 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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