$550,000 +GST/QST

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

$550,000 +GST/QST

Property Information:

Ground floor can be converted to residential! Discover this unique and versatile triplex, perfect for investors, entrepreneurs, or owner-occupiers! Presently on the ground floor, a well-established convenience store, fully renovated in 2017 with high-quality equipment, can also be converted into a residential space (city authorization required). This level offers 1,154 sq ft of space and includes a basement with convenient storage. The asphalted backyard provides parking for 4 or more vehicles. The two other apartments, each with 3 bedrooms and 1,225 sq ft, have immaculate balconies. Rare opportunity!

This exceptional triplex, blending residential and commercial spaces, offers a rare opportunity for investors, entrepreneurs, or owner-occupiers in the heart of a vibrant neighborhood!

**Commercial Space: (Presently)

- **Well-established convenience store**: Operating for many years, this convenience store, renovated in 2017, is in excellent condition and features high-quality equipment, including a "Best" cash register system valued at $12,000.
- **Professional kitchen**: Equipped with a Garland oven, two walk-in coolers, a refrigerated prep table, a freezer, and an open display cooler for efficient inventory and stock management.
- **Strong financial performance**: Financial statements, including fiscal year-end revenue for November 2023, are available for review.
- **Potential for residential conversion**: The ground-floor commercial space can potentially be converted to residential use, pending city approval.

**Layout and Infrastructure:

- **Functional basement**: Ideal for storage, with a front access hatch that facilitates loading and unloading.
- **Modern heating systems**: Forced-air heating, an electric furnace, and a heat pump installed in 2017 provide year-round comfort.
- **Private parking**: The fully asphalted rear yard offers exclusive parking for 4 or more vehicles.

**Residential Spaces:

- **Spacious apartments**: On the second and third floors, each 1,225 sq ft apartment has 3 bedrooms, offering a modern and comfortable living space.
- **Immaculate balconies**: Composite balconies, both front and rear, are in perfect condition, creating pleasant outdoor spaces.
- **Recent renovations**: One of the apartments has been recently renovated.

This versatile triplex is a unique opportunity to acquire a property combining a thriving commercial business and spacious residential accommodations. Contact us for more details or to schedule a visit!

**Location:
- Close to major routes: Notre-Dame East Street, Route 138, and the Louis-Hippolyte-La Fontaine Tunnel.

Inclusions: 3 water heaters

Exclusions : stock in trade

Building Features:

  • Style: Triplex
  • Basement: Unfinished
  • Driveway: Asphalt, Double width or more
  • Foundation: Poured concrete, Stone
  • Occupancy: Single
  • Parking: Driveway
  • Proximity: Highway, CEGEP, Daycare centre, Park, Bicycle path, Elementary school, Public transportation
  • Siding: Brick
  • Size: 25.0 x 45.0 Feet
  • Topography: Flat
  • Window Type: Sliding
  • Windows: PVC
  • Heating System: Forced air, Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $41,520

Taxes:

  • Municipal Tax: $7,021
  • School Tax: $402
  • Annual Tax Amount: $7,423

Property Assessment:

  • Lot Assessment: $148,100
  • Building Assessment: $359,500
  • Total Assessment: $507,600

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1
  • Built in: 1930
  • Lot Depth: 85.0 Feet
  • Lot Frontage: 25.0 Feet
  • Lot Size: 2125.00 Square Feet
  • Zoning: RESI
  • No. of Parking Spaces: 5

Rooms:

  • Foyer 3rd Level 4.29 m x 2.84 m Flooring: Wood
  • Living 3rd Level 2.92 m x 4.14 m Flooring: Wood
  • Primary Bedroom 3rd Level 3.00 m x 6.58 m Flooring: Wood
  • Kitchen 3rd Level 3.96 m x 4.45 m Flooring: Linoleum
  • Bathroom 3rd Level 1.37 m x 1.91 m Flooring: Ceramic
  • Bedroom 2nd Level 3.02 m x 6.25 m Flooring: Wood

Revenue Units:

  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • 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.

Sold without legal warranty of quality, at the buyer's own risk.

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