Lot dimensions 4,501.47 ft² (418.2 m²)

Owners’ comments

Automated translation

Exceptional income building $104,400 in potential income and possibility of 24 units

Mixed-income building offering exceptional potential for profitability and development. This property includes three residential units, a large 9 ½, a 6 ½ and a 4 ½, as well as a commercial space with excellent visibility on a busy street. The annual potential income is at least $104,400, making this building a great opportunity for investors

.

A particularly interesting advantage: two temporary accommodation permits are already in force, offering additional operating and revenue optimization opportunities.

Located in a strategic and growing area, the building benefits from a first-class location near elementary and secondary schools, CEGEP, a shopping center, two hospitals, a CLSC, a bike path and many other services. In addition, the tram currently under construction will pass directly in front of the property, a major asset that will contribute to increasing accessibility, ridership and the value of the sector

.

Commercial premises benefit from zoning and an environment that favors a great diversity of commercial activities, offering numerous operating possibilities such as professional offices, specialized services, retail, catering, personal care, personal care, clinic, service space or other uses compatible with municipal regulations. This versatility is an important advantage in attracting and maintaining quality tenants.

The property also has 11 parking spaces, a considerable advantage for occupants, visitors and commercial customers.

Several renovations and improvements have been carried out in recent years, ensuring a well-maintained building and reducing investments to be expected in the short term. In addition, the basement offers the possibility of creating two additional rooms, thus adding more flexibility and potential to the property

.

Investors and developers will also be seduced by the high potential for redevelopment, with the possibility of building up to 24 homes (subject to the required municipal verifications and approvals), opening the door to a major project in a sector that is expected to experience strong growth.

A rare opportunity to acquire a building offering solid income, two temporary housing permits, a strategic location with high traffic, a multi-purpose commercial space and significant potential for future development.

Financial prequalification required before requesting a visit. Only serious and qualified buyers will be considered.

Complete Description
Complete Description

Property features

Asking Price
$1,449,995
Details
With income
Number of commercial units
4
Year of construction
1936
Number of parkings
11
Company
Mechoui & cie
Franchise
No
In operation since
2016
Lot's municipal evaluation
$185,000
Building's municipal evaluation
$335,000
Annual income
$104,400

Foundation:

  • Cast concrete

External facing:

  • Brick

Roof:

  • Asphalt shingle

Heating source:

  • Electric

Basement:

  • Partially finished
  • Low (6 feet or under)
  • Separate entrance
  • Potential income

Upgrades:

  • Addition
  • Cupboards
  • Heating
  • Kitchen
  • Electricity
  • Windows
  • Insulation
  • Crown moulding
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Basement
  • Roof

Parking / Driveway:

  • Asphalt
  • Outside

Location:

  • Highway access
  • Near park
  • Near schools
  • Close to all services
  • Residential area
  • Public transportation

Lot description:

  • Fenced
  • Corner lot

Near Commerce:

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

Near Health Services:

  • Health / spa Center
  • Medical center
  • Dentist
  • Hospital

Near Educational Services:

  • College
  • Elementary school
  • High School
  • Day nursery
  • Kindergarten

Near Recreational Services:

  • Library
  • Sportif center
  • Gym
  • Bicycle Path

Complete list of property features

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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$1,449,995

Commercial / Apartment for sale

1870-1880-1890, chemin de la Canardière Limoilou Québec Rive-Nord

No. 1135965

With income
Are you interested in this property?
Here’s how to contact the owner
Send a message

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.
Are you interested in this property?
Here’s how to contact the owner
Send a message

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.