Property Information:
Exceptional investment opportunity for entrepreneurs or developers. This mixed-use building features:
1 commercial space currently vacant (was a restaurant) at 51 Rue Rachel O.
1 residential unit at 53 Rachel O.
1 residential unit at 4200 Rue Clark
Commercial Component:
The restaurant was leased under a net lease, with the tenant responsible for a business tax recovery of $7,000 annually plus GST and QST. The annual income generated was $28,800 plus applicable taxes.
Please note, the commercial portion of the building is subject to GST and QST sales taxes.
*Note: Restaurant area is approximate based on city calculations.
Residential Component:
The second floor houses two residential units, each comprising 2 bedrooms, a living room, a kitchen, and a renovated bathroom. Tenants cover their own heating costs.
4200 Rue Clark: $10,560 (as of July 1, 2023).
53 Rue Rachel ). is currently vacant. Potentially can be rented for $1500 per month. Newly renovated bathroom and new floating floors installed.
***The building is situated in a C.2 and H.4 zoning area, allowing for up to 3 floors and potentially 4 to 8 dwellings, subject to verification by the buyer with the City of Montreal.***
RECENT IMPROVEMENTS:
2009: Masonry and windows
2013: Acoustic insulation (commercial space)
2015: Floating floors and painting (53 Rue Rachel)
2017: Roof
2022: Bathroom renovations in residential units
Inclusions: Apartment # 53 Rachel O. Includes the dishwasher and light fixtures. Apartment #4200 Clark: Includes the fridge, stove, and hotwater tank.
Exclusions : The restaurant, 51 Rachel O., excludes the restaurant appliances, equipment, furniture, and all other effects belonging to the business.
Building Features:
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Style:
Triplex
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Proximity:
CEGEP, Daycare centre, Hospital, Metro, High school, Public transportation, University
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Renovations:
masonry, Fenestration, Roof covering, Bathroom
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Roofing:
Asphalt and gravel
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Siding:
Brick
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Size:
12.32 x 5.95 METRE
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Heating System:
Electric baseboard units
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Heating Energy:
Electricity
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Water Supply:
Municipality
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Sewage System:
Municipality
