*** Exceptional opportunity in Saint-Eustache: multi-housing development project (Zoning 12+ authorized) ***. This strategic property is located on a plot of over 17,000 sq. ft., an ideal location for a project of more than 12 units. The zoning allows for mixed occupancy. Take advantage of the strong rental demand and the proximity to all services: major highways (640, 440 et 13), REM, and Old Saint-Eustache shops. Alternatively, the existing, well-maintained building includes two 4 1/2 apartments, each with parking, and a commercial building with 3 addresses and a garage. A single commercial tenant has a lease.
Sale with exclusion(s) of legal warranty - See listing broker(s)
This site offers a rare opportunity for real estate developers. It's ideally located on a lot of over 17,000 sq. ft., a strategic location for a multi-unit development project.
Another possibility is to become an owner-occupant. With 6 potential rental spaces, including a garage, the options are plentiful, whether for commercial, residential or mixed use. It's up to you to unleash your creativity to maximize this investment.
MULTI-UNIT PROJECT
Discover the potential of 97, 97A, and 107 Rue St-Louis. The zone is classified 1-C-61, which allows for a multi-family (H-07) project with more than 12 units and a potential for mixed occupancy.
Saint-Eustache is a growing city with a dynamic economy and demography. The demand for new rental units is strong, making it a stable and promising rental market. Seize the opportunity to invest in this expanding market.
OWNER-OCCUPANT
The building offers two options for owner-occupants:
97 - 97A Rue St-Louis: Two well-maintained 4 1/2 units with storage spaces and a garage. Each unit has two parking spaces. One of the two units is currently vacant, offering an ideal opportunity for an owner-occupant. The potential annual income is $31,488.
107 Rue St-Louis: A commercial building with three addresses (103, 105, 107), plus 19 parking spaces and a garage. The building is well-maintained and totals approximately 2,150 sq. ft. per floor, with a basement for storage. Only one tenant is in place, and their lease ends on June 30, 2026. Potential annual gross income of $165,000 is possible once the building is optimized.
*** ALMOST $200,000 IN POTENTIAL GROSS REVENUS IF OPTIMIZED ***
LOCATION
This site benefits from a prime location, making daily life and travel easy:
Access to Major Roads: Highways 640, 440 and 13, as well as Routes 148 and 117, are nearby, making access to Montreal and the surrounding cities very convenient.
Public Transportation: The REM de Deux-Montagnes and other public transit options are easily accessible.
Neighborhood Life: The proximity to shops, parks, schools, and other services enhances the location's appeal for professionals and families.
*The buyer is advised that they must conduct their own research and verifications with the competent authorities regarding the intended use of the property, particularly concerning municipal regulations, zoning, and permitted uses.*
**The seller's broker informs the buyer that they cannot represent them and invites them to work with their own broker. The buyer may still deal directly with the seller's broker and receive fair and equitable treatment.**
Building details and property interior
Year constructed
Unknown
Garage
Detached, Double width or more, Built-in
Lot and exterior features
Lot size
152' 6" X 158' 1" irr.
Lot area
17,234.09 ft²
Topography
Flat
Driveway
Asphalt
Parking (total)
Garage (5), Driveway (23)
Proximity
Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Commuter train, Public transportation, Daycare centre, Highway, Hospital
Characteristics
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Occupancy
Triple
Financial details
Municipal assessment (2025)
Lot assessment
$ 711,300
Building assessment
$ 814,500
Total
$ 1,525,800
Taxes
Municipal
(2025)
$ 21,076
School
(2025)
$ 1,067
Total
$ 22,143
Gross annual revenues (potential)
Residential
$ 31,488
Commercial
$ 138,888
Parking
$ 24,000
Total
$ 194,376
Inclusions and exclusions
Inclusions
Household appliances present on the ground floor of the 97 St-Louis