HouseLe Plateau-Mont-Royal (Canada)

Price :

$1,166,000

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

bedrooms3 bathrooms2 land237 m²

This Victorian-style semi-commercial building is located in the most sought-after commercial section of Rue St-Denis. Carefully maintained by its successive owner-retailers for over 40 years. The building offers a spacious ground floor and basement. Exceptional commercial potential on 2 floors.
In addition, 2 spacious 3-bedroom apartments, one of which is rented and heated, with assured rental values. The building also has 5 parking spaces, reserved exclusively for the business. Its quality and maintenance make it a sure bet for any discerning investor. A unique opportunity to acquire quality real estate.
Rare investment opportunity:
Exceptional commercial property offering a rare opportunity on Rue St-Denis, having been the birthplace of a family business specializing in all things mushroom. The property offers a unique fusion of a thriving business and income-generating residential apartments.
Key features:
Commercial and residential space. This property includes a full basement, a rarity on Rue St-Denis, and offers two spacious 6 1/2 apartments on the second and third floors.
IMPROVEMENTS:
For greater comfort, savings and remote control, the installed heat pump heating system (over 30 years old) was replaced by Daikin equipment to heat and cool the ground floor and basement of the business (See file).
Please note that the commercial floor area is gross, includes the basement, is calculated on an approximate basis and should be verified by the buyer.
Parking spaces: With five outdoor parking spaces, this property offers a valuable convenience exclusive to the business.
The residential use of the building represents sixty percent (60%) of the building's value, and the commercial use, which is taxable, represents forty percent (40%) of the building's value.
*** Note that the net rent of $5,173.87 for the commercial premises includes the proportion of property taxes payable by the tenant on the first floor, as well as heating costs paid by the landlord (central system with the 2nd floor).
*** Owner-occupier, for the moment, 2-year lease with renewable option.
*** 4320 is available for purchase.
*** Electricity accounts for 4324 and 4322 are the owner's responsibility.
Renovation History: Careful restorations in 2004 preserved the slate mansard and front wooden balcony, followed by a complete re-roofing in 2005. Ongoing improvements, such as the renovation of the third-floor accommodation and structural reinforcement with steel beams, testify to the property's meticulous maintenance.
Public transport: Nearby metro stations, such as Mont-Royal just a 5-minute walk away, as well as bus stops for lines 30, 361 and 427 less than 5 minutes away, guarantee convenient accessibility for most trips.
Proximity to green spaces: Parc Drolet, Parc Denise Morel and Parc de La Bolduc are all less than 5 minutes' walk away, offering green spaces for relaxation.
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Depending on the building's intended use, buyers should check local regulations with the appropriate authorities, such as tourist offices or municipal services, for precise information on current regulations.
INCLUSIONS
For 4320: Stove, microwave, dishwasher, refrigerator, washer, dryer, heat pump, water heater. For 4322: Stove, microwave, dishwasher, refrigerator, washer, dryer.
EXCLUSIONS
Tenants' personal effects.