Lot dimensions 818.6 m² (8 811.34 ft²)

Owners’ comments

Automated translation


The mixed commercial building, known as ?La Librairie Canadienne?, is located in the Limoilou district, near 3rd Avenue, a sought after artery where free commercial premises are scarce.


This building contains large spaces whose potential is not currently being exploited to its full potential.


These spaces are occupied by four apartments and five commercial premises, which account for 60% of the total space, so that the sale price will be subject to GST and QST taxes.


Electricity (including heating) is at the expense of the owner.


Most of the roof was remade to elastomeric membrane in 2005; the remainder - a very small part - was made in 2016.


The building includes an elevator that is currently not functional.
The cellar is very large.


A large terrace, located at the back of the building, is accessible through three of the four apartments.

Two apartments are six and a half (five and a half if one takes into account that one room is blind). They are rented $680 per month until June 30, 2018. Another apartment is a three and a half open concept, it is spread over two levels. It has a brick wall and a skylight. It is rented $675 per month until June 30, 2018.
A fourth apartment is currently available, with tenants leaving in April. Work has begun, but is not fully completed. This apartment was rented $690 a month. This is a six and a half (two blind rooms, but a large window could be installed in one of them).
The kitchens of these apartments are old.


The commercial premises on the ground floor are 600, 1,100, 1,400, and 3,000 square feet, respectively. The 1,100 square foot space, which will be released in 2018, could then be rented with or without the 600 square foot space. On
the first floor is a commercial space of 3,500 square feet.

Based on
current leases, the potential monthly gross revenue for 2017 is $5,570 for commercial premises and $2,725 for apartments; a potential gross annual income of $99,540. Non-residential
taxes, as required by leases, represent a recapture of $8,595 for 2017; for potential annual income of $108,135.
This amount may be higher, due to the renovation of the free apartment and also when signing the lease of the commercial premises which will soon be released.
The income does not take into account the portion of the waste taxes that are refunded.


The main expenditures for 2017 are:

  • $17,273.24 for municipal taxes
  • $1,302.00 for school taxes
  • $818.07 for residual materials taxes
  • $18,070.38 for electricity costs $4,009.18
  • for insurance
  • $597.76 for fire alarm

For a total of: $42,070.63

Complete Description
Complete Description

Property features

Asking Price
$1,200,000
Number of commercial units
5
General condition
Standard
Certificate of Location
Yes
Franchise
No
Municipal evaluation's date
2016
Lot's municipal evaluation
$195,000
Building's municipal evaluation
$490,000
Annual incomes
$108,135
Taxes year
2017

Lease:

  • With Lease

Foundation:

  • Cast concrete
  • Rock

External facing:

  • Brick
  • Sheet metal

Floor coverings:

  • Concrete
  • Laminate
  • Hardwood
  • Terrazo

Roof:

  • Elastomer membrane

Windows:

  • PVC

Heating source:

  • Electric

Features:

  • Handicapped Facilities
  • Fire Detector
  • Alarm System

Near Tourist Services:

  • Car Rental

Basement:

  • Partially finished

Upgrades:

  • Windows
  • Insulation
  • Roof

Location:

  • Public transportation
  • Near schools
  • Close to all services

Lot description:

  • Flat geography
  • Corner lot

Near Commerce:

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

Near Health Services:

  • Hospital
  • Dentist

Near Educational Services:

  • Day nursery
  • College

Near Recreational Services:

  • Library
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Other
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Terazzo

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Municipal taxes
$1,439.44
$17,273.24
School taxes
$108.50
$1,302.00
Electricity
$1,505.86
$18,070.38
Insurance
$334.10
$4,009.18

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.

$

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FBD300AC-7746-4E68-A20C-3F23471BB772
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Documents - Offer to purchase and counteroffer

$1,200,000

Commercial building for sale

391-399 chemin de la Canardière

Limoilou Québec Rive-Nord

No. 775272

Contact the owner
Contact the owner