$875,000
ULS: 24343146
Duplex
for sale
126 - 128 Rue Ste-Anne, Varennes
Fully leased mixed-use building backing onto Parc de la Commune with river views. Ground-floor commercial space under a long-term lease, with over 52 permitted commercial uses. Upstairs, a renovated 4½ with a large terrace overlooking the water. Since 2023, the owner has invested over $50,000: heating converted to all-electric, masonry redone, foundation and rear stairs repaired, walk-in cooler upgraded, epoxy floor in the commercial space and a new kitchen in the apartment. Schedule of work and invoices available.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
2
Bedrooms
1
Bathroom
Addendum
HIGHLIGHTS
- Rare location backing onto Parc de la Commune, with views of the St. Lawrence River.
- 100% leased: commercial space leased until August 31, 2029, with two 3-year renewal options and personal guarantees from the principals.
- Over 52 permitted commercial uses.
- Over $50,000 invested since 2023, backed by invoices.
COMMERCIAL SPACE (GROUND FLOOR)
1,576 sq. ft. space leased to a catering and ready-to-eat food business, which is fitting it out at its own expense. Gross rent of $3,700 per month plus taxes. Epoxy floor, fresh paint, certified water meter, upgraded walk-in cooler (drip pan and drain, 2026) and updated electrical (2025). Separate electricity meter; the tenant pays about 80% of heating costs, prorated to its floor area.
APARTMENT (UPPER FLOOR)
Renovated 4½: new kitchen, refinished hardwood floors and heated floor. Large private terrace overlooking the river and the park. Heating included in the lease; electricity paid by the tenant.
BUILDING AND SYSTEMS
- Central hot-water heating converted from oil to electric (2025): 24 kW Thermo 2000 boiler, 3 zones; oil tank removed.
- 125 A electrical supply for the boiler (2025).
- Masonry: joints redone, spalled bricks replaced, facade cleaned (2026).
- Foundation crack sealed by injection and window well concreted (2026).
- Rear stairs reinforced by welding (2026).
- Sealed glass units replaced in the wood window on the neighbour's side (2026).
- Plumbing and electrical upgraded (2023); backwater valve (2025).
- Multi-unit shed installed (2024).
- Pest control treatment with a 12-month warranty (2026).
DOCUMENTS
The detailed schedule of work (dates, contractors, amounts) and copies of invoices are available on request. Leases are provided once a promise to purchase is accepted.
- Rare location backing onto Parc de la Commune, with views of the St. Lawrence River.
- 100% leased: commercial space leased until August 31, 2029, with two 3-year renewal options and personal guarantees from the principals.
- Over 52 permitted commercial uses.
- Over $50,000 invested since 2023, backed by invoices.
COMMERCIAL SPACE (GROUND FLOOR)
1,576 sq. ft. space leased to a catering and ready-to-eat food business, which is fitting it out at its own expense. Gross rent of $3,700 per month plus taxes. Epoxy floor, fresh paint, certified water meter, upgraded walk-in cooler (drip pan and drain, 2026) and updated electrical (2025). Separate electricity meter; the tenant pays about 80% of heating costs, prorated to its floor area.
APARTMENT (UPPER FLOOR)
Renovated 4½: new kitchen, refinished hardwood floors and heated floor. Large private terrace overlooking the river and the park. Heating included in the lease; electricity paid by the tenant.
BUILDING AND SYSTEMS
- Central hot-water heating converted from oil to electric (2025): 24 kW Thermo 2000 boiler, 3 zones; oil tank removed.
- 125 A electrical supply for the boiler (2025).
- Masonry: joints redone, spalled bricks replaced, facade cleaned (2026).
- Foundation crack sealed by injection and window well concreted (2026).
- Rear stairs reinforced by welding (2026).
- Sealed glass units replaced in the wood window on the neighbour's side (2026).
- Plumbing and electrical upgraded (2023); backwater valve (2025).
- Multi-unit shed installed (2024).
- Pest control treatment with a 12-month warranty (2026).
DOCUMENTS
The detailed schedule of work (dates, contractors, amounts) and copies of invoices are available on request. Leases are provided once a promise to purchase is accepted.
Building details and property interior
Dimensions
22' 5" X 62' 6"
Year constructed
1955
Siding
Brick, Vinyl
Roofing
Elastomeric membrane
Lot and exterior features
Lot area
4,704.90 ft²
View
View of the water
Driveway
Asphalt
Parking (total)
Driveway (4)
Proximity
Park, Bicycle path, Daycare centre, High school, Highway, Elementary school
Room details
Unit 1 (Monthly residential revenue)
Kitchen
Level:
2nd level
Dimensions:
10'6" X 14'6" irr.
Flooring:
Wood
Details:
Dining room
Level:
2nd level
Dimensions:
10'3" X 12'4" irr.
Flooring:
Wood
Details:
Living room
Level:
2nd level
Dimensions:
10'4" X 10'6" irr.
Flooring:
Wood
Details:
Bathroom
Level:
2nd level
Dimensions:
4'11" X 6'5" irr.
Flooring:
Ceramic
Details:
Bedroom
Level:
2nd level
Dimensions:
9'7" X 9'10" irr.
Flooring:
Wood
Details:
Primary bedroom
Level:
2nd level
Dimensions:
10'3" X 13'6" irr.
Flooring:
Wood
Details:
Unit 2 (Commercial)
Rooms not detailed
Characteristics
Heating System
Hot water
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 201,100
- Building assessment
- $ 274,900
- Total
- $ 476,000
Taxes
- Municipal (2026)
- $ 5,970
- School (2026)
- $ 335
- Total
- $ 6,305
Gross annual revenues (potential)
- Residential
- $ 22,680
- Commercial
- $ 44,400
- Total
- $ 67,080
Inclusions and exclusions
Exclusions
Tenants' personal property
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.