Real Estate Broker
Royal LePage du Quartier
, Real Estate Agency*
51 - 53 Rue Rachel O., Montréal (Le Plateau-Mont-Royal), QC, H2W 1G2
$1,050,000MLS® # 10819653
Investment For Sale In Saint-Louis, Montréal (Le Plateau-Mont-Royal), Quebec
$1,050,000
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:
- Style: Triplex
- Proximity: CEGEP, Daycare centre, Hospital, Metro, High school, Public transportation, University
- Renovations: masonry, Fenestration, Roof covering, Bathroom
- Roofing: Asphalt and gravel
- Siding: Brick
- Size: 12.32 x 5.95 METRE
- Heating System: Electric baseboard units
- Heating Energy: Electricity
- Water Supply: Municipality
- Sewage System: Municipality
Potential Gross Revenue:
- Residential: $28,800
- Commercial: $36,000
Taxes:
- Municipal Tax: $16,092
- School Tax: $594
- Annual Tax Amount: $16,686
Property Assessment:
- Lot Assessment: $446,200
- Building Assessment: $288,000
- Total Assessment: $734,200
Property Features:
- Bedrooms: 2
- Bathrooms: 1
- Built in: 1972
- Floor Space (approx): 3068.0 Square Feet
- Irregular: Yes
- Lot Size: 1709.00 Square Feet
- Zoning: COMM, RESI
Revenue Units:
- Pieces 4
- Bedrooms 2
- Baths 1
- Pieces 4
- Bedrooms 2
- Baths 1
Courtesy of: Royal LePage du Quartier
Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.
Sold without legal warranty of quality, at the buyer's own risk.
Additional Photos
