$2,200,000 +GST/QST

Investment For Sale In Hochelaga-Maisonneuve, Montréal (Mercier/Hochelaga-Maisonneuve), Quebec

$2,200,000 +GST/QST

Property Information:

Tenants pay their own electricity and heating. Restaurant pays 80% of all expenses related to the building. New East Brick Wall (2019) New South Brick Wall (2019) Partial new roof (2019) New Terrace (2019) New Front Windows (2022) New insulation in both apartments (2019)

**For Sale: Prime Semi-Commercial Building in Hochelaga-Maisonneuve, 3850 Ontario E Street, Montreal**

We are pleased to present an outstanding investment opportunity in the vibrant Hochelaga-Maisonneuve neighborhood. This semi-commercial building, located at 3850 Ontario E Street, combines excellent residential and commercial potential, making it a valuable asset for discerning investors and business owners.

The property features a highly regarded tenant, **Les Canailles**, a well-established restaurant renowned for its Mediterranean cuisine, ensuring a reliable income stream. Covering **80% of the building's operating expenses**, this thriving establishment is a key component of the property's value.

Strategically positioned, the building is in close proximity to essential amenities, including **Marché Metro grocery store**, **Pharmaprix**, and **Desjardins Bank**. The surrounding area is complemented by green spaces such as **Parc Hochelaga** and **Parc Saint-Aloysius**, enhancing its appeal for both commercial and residential tenants.

This meticulously maintained property has seen significant improvements, including **new brick walls**, a **partially renovated roof**, **updated front windows in 2022**, and **new insulation** in both apartments. These enhancements contribute to its low maintenance needs and strong investment potential.

Don't miss the chance to acquire this prime piece of real estate in one of Montreal's most sought-after neighborhoods. Contact us today to learn more about this exceptional opportunity!

Exclusions : Tenants belongings

Building Features:

  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $38,340
  • Commercial: $89,400
  • Other: $6,000

Taxes:

  • Municipal Tax: $12,329
  • School Tax: $723
  • Annual Tax Amount: $13,052

Property Assessment:

  • Lot Assessment: $269,800
  • Building Assessment: $614,200
  • Total Assessment: $884,000

Property Features:

  • Built in: 1910
  • Zoning: COMM, RESI

Revenue Units:

Courtesy of: Royal LePage Humania Centre

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.

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