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$4,650,000 +GST/QST
ULS: 13711221

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

2222 Rue Ontario E., Montréal (Ville-Marie) (Centre)
Superb building and excellent location East of Downtown Montreal, a few steps from Frontenac and Papinetion, an area undergoing revitalization near Esplanade Cartier. Large facade with over 100 feet visibility on Ontario street, new windows, 2 doors for deliveries, high ceilings, rooftop terrace. Rear exterior parking for 8 vehicles. Tenant on 3rd level. Ground floor and 2nd level in "base building", nice basement. Ideal for offices, non-profit organization, grocery store, restaurant, bakery, furniture store, hardware store, production studio, gym, yoga, etc. OVER $2,300,000 IN RENOVATIONS SINCE 2022! See Addendum, DV 04420 & AG 17441.
Sale without legal warranty of quality, at the buyer's risk and peril.
Lot area 686.70 m²

DIANE SABOURIN

Certified real estate broker

RE/MAX L'ESPACE

Superb building in an excellent location East of Downtown Montreal, at 500 m West from metro Frontenac (700m from Papineau metro), an area in revitalization supported by municipal (Ontario Street) and private investments such as the Esplanade Cartier (Prével).

Large facade offering over 100' visibility with new and generous windows, and an imposing mosaic of Marjo created by Laurent Gascon for the City of Montreal and SPAG. Garage doors/docking for deliveries and a rear outdoor parking for 8 vehicles.

Suites 305 and 307 are rented (tenant may leave if buyer needs his space). The entire ground floor, the 2nd floor and part of the basement have 9'5" high ceilings and are available for occupation by the buyer (or rentals). The ground floor and 2nd level are in a base building condition, ideal spaces for: grocery store, restaurant/caterers, bakery, hardware store, department store, gym, yoga, production studio, pharmacy, pet shop, clinic, dentists, art gallery, offices, community/cultural activity...

MORE THAN $2,300,000 IN RENOVATIONS SINCE 2022, INCLUDING:
* Replacement of all windows
* Replacement of exterior steel doors
* New stairwell and addition of a roof terrace view panaramic views
* Elastomeric membrane roof 2017 and new sealant in 2023
* The interior has been degarnished and redone with structural elements preserved (columns, slabs and exterior walls)
* All mechanical systems are new and are up to code
* Complete replacement of electricity (100%)
* New central forced air system (heating/air conditioning
* Interior plumbing 100% redone
* Non-return valve, under-slab plumbing 50% redone
* Door system with chip access, intercom, fiber optic internet, surveillance camera, fire alarm system
* Mostly finished basement, including rooms with showers, large storage rooms, laundry corner.

Refer to the Seller's Declarations form DV 04420 and list of the renovations in its annex AG 17441.

Two environmental reports issued by Terrapex Environnement Ltée. are available for the purpose of a promise to purchase:
* 08/11/2017: Environmental characterization (Phase II)
* 07/12/2021: Phase 1 environmental site assessment

CONCLUSIONS: Terrapex does not recommend any additional environmental study, provided that commercial or office use is maintained (do not comply for residential use).

Zoning: Sheet 0017, Prescribed uses: M.7C - Mixed zone authorizing medium-intensity businesses and services: commercial or industrial use is authorized at all levels.

As part of its due diligence prior to its purchase of the property, the buyer will be solely responsible for carrying out, at his own costs, all verifications and steps required, including expertises, rapports, évaluations, steps with the municipality, zoning, etc.

Total usable area: 11,483 sqft
Total rentable area (including % in common areas): 15,166 sqft
Rooftop terrace: 609 sqft
Indicated rents are according to a gross type lease
Architectural plans available
Dimensions 169' 9" X 86' 7" irr.
Year constructed 1945
Windows New, Aluminum
Siding Brick
Roofing Elastomeric membrane
Dividing Floor Concrete
Basement 6 feet and more, Showers, bathroom, locker rooms, Partially finished
Lot size 103' 10" X 89' irr.
Lot area 686.70 m²
Distinctive Features commercial street
Driveway Asphalt
Parking (total) Driveway (8)
Proximity Public transportation, Highway, Jacques Cartier Bridge, L'esplanade Cartier, Metro
Heating System Forced air
Heating Energy Electricity
Property or unit amenity Fire detector (O), Air exchange system, Electrical input (600, 600), Central air conditioning, Signs allowed, Intercom
Water Supply Municipality
Sewage System Municipality
Environmental Study Phase 1 (2021, 07), Phase 2 (2017, 11)

Financial details

Municipal assessment (2021)

Lot assessment
$ 721,000
Building assessment
$ 383,000
Total
$ 1,104,000

Taxes

Municipal (2024)
$ 28,416
School (2023)
$ 931
Total
$ 29,347

Annual expenses

Insurance
$ 16,225
Total
$ 16,225

Energy expenses

Electricity
$ 20,960
Total
$ 20,960

Inclusions

Building equipments.

Exclusions

Furniture, equipment and tenants' effects.

Desjardins

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