Jean-Talon market, Little Italy. Big 5plex semi-commercial with 2800 square feet on each floor. Front width of 40 feet on St-Denis street with good revenues and good potential of growth.

On the first floor, a big 10 1/2 of 2800 square feet  well preserved from 1930 :  oak woodwork, art deco lighting from Gill Glass company, 10 feet ceiling with ornament, glass work on front door and some windows, french door in many rooms.

There is two complete bathrooms, 5 bedrooms, a big living room, a big dinning room with two in-wall crockery cabinet, a big kitchen with oak cabinet and original ceramic countertop, a walk-in pantry and a veranda facing south-west.

This appartment is now rented as a clinic of physiotherapy and psychology. Their lease will end june 30, 2025 and they have an option for 5 more years.

On the second floor : two 5 1/2 with 5 independant rooms. On the third floor : one 5 1/2 with 5 independant rooms and one 6 1/2 with 6 independant rooms.

There is no double rooms in these 4 appartments. Each dining room hold a crockery cabinet, a big window and they are surrounded by plate rail. Woodwork are in BC Fir and they are not covered by paint except in kitchens and bathrooms.

Three kitchens out of four have been remodeled (countertop, sink, cabinet with drawers, plumbing, electricity, oven fan, space for dishwasher, space for washing machine with drying machine on top).

In the basement, heights of the ceiling are generally 8 feet. It contains original elements from 1930 (oak woodwork, ceiling rosette, chair rail). It contains a kitchen with a big cast iron sink. It also contains a water closet (toilet and sink). Fifteen out of the sixteen windows are tilt and turn.

There is some works to do in the basement before beeing used : create a space for shower and/or bathtub and finishing the kitchen floor. The basement total space is around 2800 square feet, which include a room for furnace and water tanks.

Annual revenues are 147 528$ + 7618$ (gst/qst). Revenues could easily be increased by renting the 3 garages for storage and renting the 2 double parking spots in the backyard. All the 4 residential leases ends june 30, 2025 and the amounts are 1804$, 2228$, 1011$ and 2118$. Electricity including heating are paid by the tennants.

The commercial unit on the first floor is rented 5023$ (starting july 2024).  To this amount, 634.87$ (gst/qst) must be added by the tenants. Electricity including heating is paid by the tennants but the owner pays each month 261$+gst/qst to cover for electricity and heating of the basement because it's connected to the electrical meter of the first floor.

The roof is a white elastomer membrane and it has been placed in october 2021 (43 000$).

Galleries in the backyard have been enlarged in september 2022 (54 000$).

Lintels and sills of the south wall have been replaced in june 2023 (92 000$).

Width of the building is 40 feet and length is 81 feet. Land size is 50 feet by 130.

Commercial percentage of the bulding is 22%. Residential percentage is 78%. The price does not include taxes (gst and qst) on the commercial part of the building. A buyer who registered himself and get his gst and qst identification before the day of the sale won't pay these taxes. (An owner who collect a commercial rent needs to get gst and qst identification number because a commercial rent is taxable.)

This building was erected for John Alfred McCaughan, a shoe manufacturer from Montreal. His factory was located at 390 Papineau street, south of Sherbrooke street. He lived at 6716 St-Denis street with his wife Angélina Bédard-McCaughan and their numerous children for many years. I got these informations from on of his grand children who came to visit the building.

This sale will be made without legal warranties.