Property Information:
North/West corner commercial retail & office building on Avenue du Parc & Sherbrooke St: Measuring over 26,500 SF of building area, in a modernized glass-front building connected to historic stone structure with 2 unique private entrances. 19 tenants: inclusive of 5 retail & 13 offices+ 1 in the basement.Triple-A tenant COUCHE-TARD, high ceilings, hardwood flooring, marble stairs & exposed brick, private entrances, elevator & 5 ext parking spaces in the rear. Prestigious retail/office building in a triple AAA location, excellent tenant visibility. Current income 2023: $742,900 & Potential income $818,500
North/West retail & office commercial building on the corner of Avenue du Parc & Sherbrooke St: Commercial property with over 26,500 SF of building area, in a modernized glass-front building connected to historic stone structures with two unique private entrances
Building features:
* Modernized glass-front building connected to historic stone structures with a unique private entrances on Avenue du Parc & Sherbrooke Street
* Private elevator
* Spacious offices with an abundance of natural light
* Over 26,500 SF of building area
* 3 floors with common corridors and common staircase
* Exterior 5 parking spaces
* Zoning allows residential and offers possibility to build additional storey. (To be verified by the city)
* Stability of the tenants.
* 19 tenants in total: inclusive of 5 retail & 13 offices + 1 in the basement.
* Couche-Tard : Triple - anchor tenant
* Building area as per the city assessment is 24,195 SF
Building area including the mezzanines & basement equals 26,533 (TBC)
* Insurance to follow.
* Natural gas paid by owner.
* One hydro meter paid by the owner.
* A/C is on the hydro bill.
* Central AC HVAC system in place.
* Property is zoned for both commercial and residential use
* Basement features storage and bathrooms but no windows
* The 4th floor was previously used by a music recording company.
* The 3rd floor contains 8 offices and a hairdresser's salon.
* The 2nd floor has 4 offices with potential for additional rental space.
Capital expenditures:
* Both sides of the roof were changed to membrane.
* Front of the building on Parc Av side has been redone.
* Electricity.
* Wiring.
* A/C installation.
* Brickwork has been repointed.
In proximity to:
* Place-des-Arts & Saint-Laurent metro stations;
* Hotels such as the Hilton Garden Hill and the Delta Hotel;
* 5 minutes away from Notre-Dame Street and highway 720;
* Several grocery stores and restaurants such as Provigo, Tim Hortons, SAQ, etc;
* Close to UQAM and McGill University;
* Near the Eaton shopping center and the CHUM.
Renovations:
** Front of the building facing the parc ave side;
** Electricity;
** Wiring;
** HVAC installation - (Water)
** Membrane roof.
Environmental report:Phases I, II, III & IV. Decontamination was completed in the parking lot. There was no contamination found in the building.
Façade: To be replaced on corner Sherbrooke./parc eve with preliminary discussions with the city.
Inclusions: As per leases.
Exclusions : As per leases.
Building Features:
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Style:
Detached
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Cadastre - Parking:
Driveway
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Distinctive Features:
Street corner
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Driveway:
Asphalt
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Parking:
Driveway
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Property or unit amenity:
Elevator(s), Central air conditioning, Intercom
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Proximity:
Highway, Metro, Public transportation
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Heating Energy:
Natural gas
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Water Supply:
Municipality
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Sewage System:
Municipality
