Lot dimensions 4,501.47 ft² (418.2 m²)

Owners’ comments

Automated translation

INCOME BUILDING | INCOME POTENTIAL OF $104,400/YEAR | BUSINESS INCLUDED | DEVELOPMENT POTENTIAL UP TO 24 UNITS

Rare investment opportunity offering an exceptional combination of immediate income, optimization potential and real estate development in a fast-growing sector.

This mixed property includes:

  • Three residential units: a large 9 ½, a 6 ½ and a 4 ½; *
  • A commercial space (22% of the building);
  • A business includes a café-restaurant, a grocery store, a butcher shop, a pastry and bakery, three money transfer services as well as the sale of tobacco.
    Annual revenue potential: $104,400.
  • Two tourist accommodation permits are already in force, offering an excellent opportunity to increase income through short-term rentals.
  • A claim of $48,000 was filed with the City as a result of the impacts associated with the streetcar project, based on an assessment conducted by an approved appraiser. This compensation, if granted, will be transferred to the benefit of the new purchaser.

Strategic location with great potential:

Located in a sought-after and booming area, the building benefits from a prime location near elementary and secondary schools, CEGEP, a shopping center, two hospitals, a CLSC, a bike path and all essential services.

The future tramway, whose route will pass directly in front of the building, represents a major asset that will promote accessibility, commercial traffic and the appreciation of the value of the property in the long term.

Multi-purpose
commercial space Zoning allows for a wide variety of residential and commercial uses, including:

  • H1 Housing: up to 24 homes and 14 semi-detached
  • H2 Housing with community services: 20 to 60
  • H3 Rooming house and board: from 4 to 25
  • C1 Administrative services;
  • C2 Retail and services;
  • C3 Meeting place;
  • C10 Hotel establishment;
  • C20 Restaurant;
  • C21 Alcohol flow;
  • P1 Cultural and heritage equipment
  • P2 Religious equipment
  • P3 Education and Training Institution
  • P5 Health facility without accommodation
  • P6 Health facility with accommodation
  • Craft industry
  • Specific uses of renting for a passing clientele

    This versatility is an important advantage in attracting quality tenants and maximizing profitability.

Added value:
11 parking spaces;
Several renovations and improvements made in recent years; Well-maintained
building requiring few short-term investments;
Possibility of creating two additional rooms in the basement in order to further optimize the building.

Exceptional redevelopment potential:
This property also represents a great opportunity for real estate developers. According to preliminary audits, it would be possible to develop a project of up to 24 units there, subject to municipal approvals and regulatory audits

.

Opportunities combining immediate income, including business assets, major development potential and strategic location are rare on the market.

The sheet of uses authorized by the City is available on request.

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

Complete Description
Complete Description

Property features

Asking Price
$1,449,995
Details
Quick occupancy possible
Year of construction
1936
Number of commercial units
4
Certificate of Location
Yes
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
$104,400.00

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
  • Residential area
  • Public transportation
  • Near schools
  • Close to all services

Lot description:

  • Fenced
  • Corner lot

Near Commerce:

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

Near Health Services:

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

Near Educational Services:

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

Near Recreational Services:

  • Gym
  • Sportif center
  • Library
  • 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

Quick occupancy possible
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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.