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$1,295,000 +GST/QST
ULS: 20807276

Commercial for sale - Montréal (Ville-Marie) (Village)

1377Z - 1381Z Rue Ste-Catherine E., Montréal (Ville-Marie) (Village)
Semi-commercial triplex located in the heart of the Village, steps from Beaudry metro station, UQAM, Notre-Dame Hospital and shops. Very high ceilings, two lofts with private terraces. Commercial unit of more than 900 square feet. Four parking spaces rented year round. Possibility of extension or construction of three floors in the back (to be validated with the city).
Sale without legal warranty of quality, at the buyer's risk and peril.
Lot area 3,053 ft²

GEORGES BARDAGI

Certified real estate broker

RE/MAX DU CARTIER INC.

Description:

Ground floor: 20' x 48' commercial unit with powder room. Ceiling: 12'8''.
Basement offering two storage spaces (20' x 15' and 20' x 21').

Second floor: Loft #1: Living room open to a large dining room with access to a spacious private terrace. Adjacent kitchen with laundry area. Open bedroom. Bathroom with shower. Ceilings: 11'.

Third floor: Loft #2: 2nd floor vestibule. Open area including living room, bedroom, dining room and kitchen. Small mezzanine. Bathroom with shower and laundry area. Ceilings: 10'. Private terrace.

4 outdoor parking lots rented year round $620/month.

Other revenues include the rental of 4 parking lots and the reimbursement to the owner of 50% of the municipal + school taxes + insurance of the building.

Possibility of extension or independent construction of 3 floors at the back (to be validated with the city).

Central air conditioning on the ground floor.

The buyer of the building may also be interested in purchasing the business at 1381 Ste-Catherine E. (Centris #13685178). Very profitable business! Generates a lot of liquidity annually. Seller offers to accompany the buyer to start up his operations.

The selection of the inspector must be approved by all parties.

This sale is made without legal warranty of quality, at the buyer's risk.

1) The borough of Ville-Marie has announced to the owners of St. Catherine Street that infrastructure work will be infrastructure work will be done on the street starting April 1, 2024. It is expected that traffic will be reduced or stopped on the street.

2) The base rent for the first floor business will be reduced to two thousand dollars ($2000) per month month from the time the street is closed until it is reopened (approximately 24 months).
Dimensions 25' X 50'
Year constructed Unknown
Living area 3,132 ft²
Roofing Asphalt and gravel
Basement 6 feet and more
Lot size 25' X 120'
Lot area 3,053 ft²
Parking (total) Driveway (6)
Proximity Hospital, University, Highway, Metro, Public transportation
Heating System Electric baseboard units
Heating Energy Electricity
Property or unit amenity Central air conditioning
Water Supply Municipality
Sewage System Municipality

Financial details

Municipal assessment (2024)

Lot assessment
$ 425,600
Building assessment
$ 417,400
Total
$ 843,000

Taxes

Municipal (2024)
$ 18,509
School (2023)
$ 661
Total
$ 19,170

Annual expenses

Insurance
$ 6,440
Total
$ 6,440

Inclusions

Loft 1 fully furnished / Ground floor (1381): central air conditioning with water NON-CONFORMING and wall-mounted heat pump included. All included without guarantee of quality.

Exclusions

Air conditioners excluded / Loft 2: washer, dryer, stove, refrigerator, dishwasher, stove excluded.

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