Immeubles Gloria
120 Sainte-Rose, Laval-Ouest
13 residential units, 0 commercial units | 2,150,000$

Description

Financial Overview

Revenue 130,020$
Cost per Unit 165,385$
Cap. Rate 4.00 %
GRM 16.54
NRM 24.95
Return on Cash Flow 3.57 %
Return on Investment 6.71 %

Municipal Evaluation

Previous Assessment 2019-2021 678,100$
 
Land 2022-2024 150,700$
Building 2022-2024 630,500$
Total 2022-2024 781,200$

Highlights

- Beautiful completely renovated building in Laval-Ouest - Building extension and addition of 3 x 4 ½ with high-end finishes
- At the limit of Laval-sur-le-Lac, close to the water and to the golf - 4 ½: washer/dryer and dishwasher hookups, wall unit A/C
- Near avenue Des Bois, Arthur-Sauvé blvd. and Highway 440 - Electrical heating and hot water paid by the tenants
- A few minutes away from Ste-Dorothée train station and REM - Advantageous mortgage to assume : 1,475,000$ at 2.80% for 4 years
- The building was completely renovated in 2019-2021 - Excellent turn-key investment opportunity!
- Renovations: Roof, windows, doors, balconies, kitchens, bathrooms

Residential

Studio 1 ½ 7
Alcove 2 ½ 2
1 bdrm 3 ½ 1
2 bdrm 4 ½ 3
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   13

Commercial

Commercial 0
Total Units   0

Parking

Parking 12
Garage 0
Storage 10
Total Spaces   22

Location

Main Artery av. des Bois (Aut 440)
Intersection ch. Saint-Antoine
Shopping Center SmartCentres Ste-Dorothée
Metro Station REM Ste-Dorothée
Bus 76, 903
Attraction Golf Laval-sur-le-Lac
Hospital Cité de la Santé
School Montmorency Cegep

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 6301413
Building Type Detached
Floor Nb. 2
Year Built 1940
Lot Area 977
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups 4 1/2 only
Dishwasher Hookups 4 1/2 only
Pool None
Furnished Fridge & stoves
AC units 4 1/2 only
Basement
Fireplace
Intercom Yes

Building Overview

Roof Elastomeric membrane (2019-2021)
Windows Doors and windows replaced in 2019-2021
Balconies Balconies replaced in 2019-2021
Exterior Walls Exterior siding redone in 2019-2021 | Wood structure
Electricity Main 400AMP | Breakers
Plumbing ABS/copper plumbing | Washer/dryer and dishwasher hookups in the 4 1/2
Heating System Electrical heating paid by the tenants | Wall unit A/C in the 4 1/2
Hot Water Tanks 13 hot water tanks of 40GAL | Electrical hot water paid by the tenants
Elevator None
Garage 12 exterior parking spaces | 10 espaces d'entreposage au sous-sol
Bathrooms All the apartments were renovated in 2019-2021 | The 4 1/2 were built in 2019-2021
Kitchens All the apartments were renovated in 2019-2021 | The 4 1/2 were built in 2019-2021
Certificate of Location Stephan Roy - 2018-11-14
Envrionmental Report

Notes

- Building extension in 2019-2021 : 3 completely new units were added
- Important renovations 2019-2021 : roof, windows, doors, exterior siding, balconies, kitchens, bathrooms, new fire alarm
- Zoning : Zone T4.5-1112
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