51 - 53 Rue Rachel O., Montréal (Le Plateau-Mont-Royal), QC, H2W 1G2

$1,050,000

MLS® # 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: $2,400
  • Commercial: $3,000

Taxes:

  • Municipal Tax: $16,092
  • School Tax: $540
  • Annual Tax Amount: $16,632

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.