Five-unit building offering over 7,000 sq ft of living space, including three residential units and two commercial spaces. Located on the area's busiest street and near Highway 40, it benefits from exceptional visibility. Potential annual income of $64,560. An ideal opportunity for investors seeking a strategic and profitable building. One 4.5-room unit is available for the buyer to occupy or rent out themselves. See the addendum for more details.
Sale with exclusion(s) of legal warranty - See listing broker(s)
According to a Radio Canada report from June 17, 2018, approximately 37,000 vehicles travel on Thibeau Boulevard every weekday. This investment offers incredible visibility.
- On the ground floor, a commercial space of approximately 1,800 sq ft has been leased to the same tenant since 2018.
- On the second floor, a 4.5-room apartment is leased for $730 per month (heat, electricity not included), and a commercial space of approximately 1,050 sq ft, currently configured as an office, is leased for $1,200 per month. The office space is immaculate and is leased until February 2028 with a two-year renewal option. You choose the tenants and lease terms. This space has front access via an interior stairwell, as well as rear access.
The third floor is divided into two units. On one side, you'll find a spacious 4.5-room apartment ready for immediate occupancy. We estimate its rental value at $1100 per month. This unit has been vacant for several years at the owner's discretion, so you can set your rent and lease terms. On the other side, there's another large 4.5-room apartment with a tenant who has lived there for nearly 25 years--a truly stable tenant.
This building has everything going for it: solid construction, meticulously maintained over time, with the following amenities and advantages:
Parking for all units, recently installed air conditioning for the commercial spaces, reliable and efficient central heating throughout the building, brick exterior on all four sides, balconies in excellent condition, separate entrances for each unit and commercial space, a recently replaced elastomeric roof, and much more. Viewings will be permitted only after an offer to purchase has been accepted.
Please do not contact commercial tenants without the seller's broker's authorization. The business is not for sale. This business is reserved exclusively for a specific clientele.
Contact us now for more information.
Building details and property interior
Dimensions
46' 3" X 56' irr.
Year constructed
1963
Living area
677.70 m²
Windows
Aluminum, PVC
Window Type
Sliding, Casement
Siding
Brick, Other, Stucco
Roofing
Elastomeric membrane
Dividing Floor
Wood
Kitchen Cabinets
Thermoplastic, Melamine, Wood
Basement
None
Lot and exterior features
Lot size
74' 9" X 110' 3" irr.
Lot area
749.30 m²
Topography
Flat
Distinctive Features
Street corner, Other
Driveway
Asphalt, With outside socket
Parking (total)
Driveway (18)
Proximity
Highway, Park, Elementary school, Public transportation, Other
Characteristics
Heating System
Electric baseboard units, Hot water
Heating Energy
Natural gas, Electricity
Property or unit amenity
Central air conditioning, Signs allowed, Alarm system, Wall-mounted air conditioning