Lot dimensions 18 621.03 ft² (1 729.95 m²)

Owners’ comments

Automated translation

***Attention Real Estate Brokers: We offer 1.5% commission if you bring us a buyer***

Commercial and residential property offering a nice investment opportunity or even becomeowner occupying.

The building comprises three (3) lodgings (3 bedrooms, 2 bedrooms and 1 bedroom) and three (3) commercial premises (convenience store, warehouse and laundry room) all rented with leases. Gross revenues are $80,300/year.

It should be noted that the laundry room is currently operated by the owner, so it is included in the sale. Customer base has been steadily increasing since opening in 2012. It is a business that requires very little personal commitment.

It is possible to take over the convenience store in 3 years and thus be able to pair the two shops or sign a new lease with the current tenant.

The property was evaluated by a certified appraiser in September 2018 and the report is available to the future buyer.

RENOVATIONS

Several renovations have been done in recent years:

  • Roofing: 2005;
  • Two (2) apartments completely renovated between 2015 and 2018;
  • Fitting of the laundry room in 2011;
  • 2" water inlet;
  • New mat electric and new electric panel of 600 A.

The rear plot is very large, it overlooks the street Clément and could host another project (genre duplex, but to be confirmed with the City). A large number of parking spaces are available.

FINANCING

There is a possibility of depreciation over 25 years.

We are ready to consider a sale price balance of 5% to 10% in order to facilitate financing.

No other building offers so many possibilities!

Complete Description
Complete Description

Property features

Asking Price
$664,900
Number of commercial units
3
Year of construction
1950
Building dimensions
2 400 ft² (222.97 m²)
General condition
Very good
Certificate of Location
Yes
Franchise
No
Municipal evaluation's date
2018
Lot's municipal evaluation
$120,000
Building's municipal evaluation
$274,600
Annual incomes
$80,300
Taxes year
2018

External facing:

  • Stucco

Roof:

  • Gravel and asphalt

Heating source:

  • Electric

Basement:

  • Underfloor space

Parking / Driveway:

  • Aggregate
  • Asphalt

Location:

  • Public transportation
  • Near schools
  • Close to all services

Lot description:

  • Flat geography

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Financial institution
  • Restaurant
  • Bar

Near Health Services:

  • Dentist
  • Medical center

Near Educational Services:

  • Kindergarten
  • Elementary school

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Other
Storey: Main floor
Dimensions: 30' x 80' (9,14 m x 24,38 m)
Flooring: Other

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Municipal taxes
$599.42
$7,193.00
School taxes
$35.92
$431.00
Electricity
$333.33
$4,000.00
Heating
$250.00
$3,000.00
Maintenance fees
$270.00
$3,240.00
Insurance
$401.25
$4,815.00

Property transfer duties

In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of a property.

$

How to buy this property

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Did you know?

Whether you purchase a property from a homeowner or from a broker, the steps involved and the legal implications are the same. You’ll see that buying without an intermediary has many advantages!

Can I afford to buy this property?

Prior to visiting a property, you should verify whether you have the means to purchase it by meeting with a financial advisor. Don’t forget, you must have enough money to cover both a down payment and the expenses related to the transaction (notary, property transfer duties, etc.).

Is this property right for me?

Consult the listing to determine whether the property features meet your needs. If necessary, communicate with the homeowner to obtain additional information. You may then make an appointment with the homeowner for a visit and prepare a list of questions to ask him.

Do I need to conduct a property inspection?

Verifying the condition of the property prior to purchasing it is a good precaution to take. In order to do so, you can hire a home inspector. He will intervene at a later date. Be prepared to add the inspection conditions to the offer to purchase.

How much should I offer?

Easily familiarize yourself with the market by visiting DuProprio.com and by verifying the price that comparable properties in the area have sold for. You’ll get a better idea of how much you should offer. You can also hire a licensed appraiser.

FBD300AC-7746-4E68-A20C-3F23471BB772
How do I proceed with an offer to purchase?

Have a discussion with the homeowner in order to come to an agreement on the price, the conditions of the sale and the possession date. You can then complete the offer to purchase form.

Thanks to DuProprio, the seller benefits from a legal assistance service and can ask their legal questions in order to properly complete the document.

The sale will be sealed with a notary, but until then, nothing prevents you from consulting a notary to write-up an offer to purchase. Once the deed of sale is drafted, you will be the new homeowner!

Documents - Offer to purchase and counteroffer

$664,900

Commercial / Apartment for sale

No. 822484

Contact the owner
Contact the owner