$549,000

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

$549,000

Property Information:

Semi-commercial triplex near the Pie-IX intersection, offered at an attractive price. This property is perfect for an entrepreneur looking to establish their business in a strategic location. The ground floor features a spacious commercial unit, currently occupied by a thrift store (formerly an antique shop), with an impressive area and a practical basement for storage. The two residential units on the upper floors are rented at affordable rates, offering interesting potential to optimize rental income. A perfect opportunity for investors and entrepreneurs seeking a versatile and well-located property.

This semi-commercial triplex, ideally located near the Pie-IX intersection, offers the perfect combination for entrepreneurs and investors. With a spacious commercial unit on the ground floor and two already rented residential apartments, this property provides an excellent business opportunity, whether to establish a company or optimize rental income.

The commercial unit, previously used as an antique shop by the owner and currently operating as a thrift store, stands out for its large space, hardwood floors, and a functional six-foot basement with a concrete slab. Spanning the entire length of the unit, the basement offers ideal storage space. With no lease in place, it provides great flexibility for a new business project.

Upstairs, the two residential apartments, each featuring three bedrooms, are rented at affordable rates. The second-floor apartment (4043) is rented for $875/month until June 1, 2025, and the third-floor apartment (4045) for $800/month until November 1, 2025. These units offer strong potential for optimization to quickly maximize profitability. (see listing broker)

** The areas and measurements of the units are calculated based on the plan from the certificate of location (exterior measurements). **

FAQ
* Reason for sale: The owner is elderly.
* Can the ground floor be converted to residential? No, not in this area.
* Any work needed? Roof replacement and refreshing of the residential units.
* Is the commercial unit available to the buyer? Possibly, with certain steps, as no lease has been found.

LOCATION: Ideally situated! Walk Score 95 and Bike Score 99
* Nearby parks: Saint-Aloysius Park, Morgan Park, Wolfred-Nelson dog park.
* Close to shops, educational, health, and recreational services.
* A few minutes' walk to the Maisonneuve Market.
* Proximity to the services and amenities on Ste-Catherine and Ontario streets (grocery stores, pharmacies, ATMs, parks, restaurants/cafés/bistros, trendy spots, SAQ, CLSC, etc.).
* Other easily accessible attractions: Botanical Garden, Maisonneuve Park, Olympic Park, Saputo Stadium, StarCité cinema, Pro-Gym, etc.

TRANSPORTATION -- EASY WITH MULTIPLE OPTIONS
* Less than a 25-minute walk to Joliette metro station.
* Close to several bus lines (34, 139, 125, 353, 439, 355).
* Just a few pedals away from bike paths.
* Quick access to major roadways (720, 40, 25), Jacques-Cartier Bridge, Louis-Hippolyte Tunnel.
* Near BIXI and Communauto stations.
```

Inclusions: 3 water heaters

Building Features:

  • Style: Triplex
  • Basement: 6 feet and more, Mostly, Unfinished
  • Proximity: Highway, CEGEP, Daycare centre, Hospital, Metro, Elementary school, High school
  • Roofing: Asphalt and gravel
  • Siding: Brick
  • Size: 7.6 x 29.17 METRE
  • Heating System: Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $20,100
  • Commercial: $26,400

Taxes:

  • Municipal Tax: $6,242
  • School Tax: $356
  • Annual Tax Amount: $6,598

Property Assessment:

  • Lot Assessment: $224,600
  • Building Assessment: $222,900
  • Total Assessment: $447,500

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1
  • Built in: 1927
  • Irregular: Yes
  • Lot Depth: 32.61 Metre
  • Lot Frontage: 7.6 Metre
  • Lot Size: 249.20 Square Metres
  • Zoning: COMM, RESI

Rooms:

  • Other 2nd Level 7.62 m x 15.3 m
  • Other 3rd Level 7.62 m x 15.3 m

Revenue Units:

  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 5
  • Bedrooms 3
  • Baths 1

Courtesy of: Royal LePage Altitude

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.

  • Frontage -
  • Kitchen -
  • Kitchen -
  • Dining room -
  • Dining room -
  • Bedroom -
  • Bedroom -
  • Bedroom -
  • Bedroom -
  • Bedroom -
  • Bathroom -
  • Patio -
  • Commerce -
  • Commerce -
  • Commerce -
  • Commerce -
  • Living room -
  • Living room -
  • Living room -