Property Information:
Set on a magnificent 22,000 sq. ft. lot, this commercial income property offers excellent potential. It has undergone multiple renovations and has a versatile layout. The first floor and basement house an accounting firm. A 5 ½ room apartment upstairs is rented for $850/month, nothing included. Recent improvements include replacement of the hot water tanks, modernization of the monitoring system, refurbishment of the porch and gutters, as well as the addition of heat pumps and interior renovation. An ideal opportunity for investors or professionals!
This commercial revenue building offers excellent potential thanks to its various improvements and versatile configuration. Currently, the owners occupy the entire basement and most of the first floor for their accounting firm, with an additional storage room upstairs. They pay a monthly rent of $2,200 to their management company, including insurance and electricity. The first floor comprises several offices, three of which were previously rented separately, with two wall-mounted heat pumps and common areas. There is also an exterior exit to the rear and access to the basement.
N.B.: The lot can be subdivided for a future revenue property project. However, it will be the BUYER's responsibility to verify that his project is feasible according to the municipal zoning.
The 2nd floor is mostly occupied by a 5 ½ unit, rented for $850 per month (nothing included). It has a side entrance on two floors and another entrance through the bathroom, which is unusual. The unit has two closed bedrooms and an open room that can be used as a dining room or third bedroom.
A number of major renovations have been carried out, including replacing the hot water tanks, upgrading the camera surveillance system, refurbishing the rear porch and gutters, adding heat pumps and replacing some of the windows. Other works include interior renovation of offices and replacement of floor coverings.
This property, with its mix of commercial and residential space, represents a great opportunity for investors or professionals looking to combine a workplace with rental income. Potential annual income is estimated at $46,800, and the sale is taxable at 65% (for first floor commercial occupancy).
Inclusions: Window treatments, wall-mounted heat pump, central vacuum and accessories.
Exclusions : Telephone system
Building Features:
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Style:
Duplex
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Basement:
6 feet and more, Partially finished
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Driveway:
Asphalt
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Foundation:
Stone
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Lot:
Bordered by hedges
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Parking:
Driveway
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Property or unit amenity:
Central vacuum cleaner system installation, Wall-mounted air conditioning, Alarm system, Wall-mounted heat pump
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Proximity:
Highway, Bicycle path, Elementary school, Public transportation
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Roofing:
Asphalt shingles
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Siding:
Vinyl
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Size:
36.5 x 40.4 Feet
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Topography:
Flat
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Window Type:
Sliding, Guillotine, Casement
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Windows:
PVC
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Heating System:
Convection baseboards, Electric baseboard units
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Heating Energy:
Electricity
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Water Supply:
Municipality
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Sewage System:
Municipality
