$369,000

Grocery store / Corner store for sale

1 rue Depot Stanbridge East Estrie

No. 1134826

With apartment
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner

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NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
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The steps involved in buying a property Buy
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Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
Lot dimensions 20 053.17 ft² (1 863 m²)

Owners’ comments

Convenience store (depanneur) with property in rural town. 

The store is located in the Eastern Townships, around 50 minutes by car from the South Shore of Montreal. The little town is known for its beautiful scenery. The local population is friendly and neighbourly, and most of the residents speak English. It is the only convenience store in town and boasts a long history. The current store owner has been running it for 13 years.

 

The property consists of a two-storey building. The ground floor houses the store, and the second floor a large two-bedroom apartment (presently rented). There is no basement. The building is in good condition. The land area is approximately 1,800 square meters.

 

The convenience store's total annual sales averaged on 800,000$ CAD in recent years. Sales of general merchandise (with high profit margin) account for over 50% of the total. Sales of lottery tickets are less than 10% of the total. 

 

Opening hours are short (8AM to 8PM), and running the business is relaxed. 

Complete Description
Complete Description

Property features

Asking Price
$369,000
Details
With apartment
Number of commercial units
1
Year of construction
Unknown
Building dimensions
57.64x62.40 ft (17.57x19.02 m)
Number of parkings
10
Company
Depanneur Stanbridge East
Franchise
No
In operation since
1950
Lot's municipal evaluation
$58,400
Building's municipal evaluation
$165,000
Annual income
$6,000

Foundation:

  • Cast concrete

External facing:

  • Vinyl Siding

Roof:

  • Sheet metal

Heating source:

  • Forced air
  • Oil

Electric system:

  • Breakers panel
  • Fuses panel

Features:

  • Air Conditioning
  • Central Vacuum Cleaner
  • Cold Room
  • External Lighting
  • Monitoring Camera
  • Outside Sign
  • Septic Tank
  • Water softener

Parking / Driveway:

  • Asphalt
  • Crushed Gravel

Zoning:

  • Retail sale

Location:

  • Near park
  • Residential area
  • Water view

Lot description:

  • Flat geography

Near Educational Services:

  • Kindergarten

Near Recreational Services:

  • Museum

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Municipal taxes
$321.58
$3,859.02
Electricity
$1,000.00
$12,000.00
Other energy
$250.00
$3,000.00
Insurance
$546.17
$6,554.00
Total known costs
More info on the costs involved in buying a property

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

Download the legal documents that you need

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$369,000

Grocery store / Corner store for sale

1 rue Depot Stanbridge East Estrie

No. 1134826

With apartment
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
See it on the map
The steps involved in buying a property Buy
Print
Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
Do you want to sell commission-free, too?
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1 866 387-7677
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