$1,300,000 +GST/QST
ULS: 27025924
Triplex
for sale
1480 - 1510 Rue des Cascades O., Saint-Hyacinthe (Centre-ville/Christ-Roi)
Character commercial building in the heart of downtown Saint-Hyacinthe, on rue des Cascades. Three units fully leased to established tenants: a health food store on the ground floor and professional offices upstairs. Net leases: property taxes, insurance and operating costs are paid by the tenants under their leases. Leases already renewed to 2028 and 2031, with built-in rent increases. Parking at the rear, a rare asset downtown. A turnkey asset with stable income.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Addendum
HIGHLIGHTS
- 100% leased to three established tenants, including an architecture firm in place since 2021.
- Net leases: on top of its base rent, each tenant pays its proportionate share of the building's operating costs, including property taxes and insurance. The expenses shown in the financial summary are therefore recharged to the tenants under the leases; base rents are the owner's net income.
- Renewals already signed: offices at 1500 renewed for five years (to March 2031) and offices at 1510 to September 2028.
- Rent increases built into all three leases.
- Parking at the rear of the building, a rare asset downtown.
THE UNITS
- 1480, ground floor: health food store, three-year lease (2026 to 2028) with a renewal option.
- 1500: architecture firm, in place since 2021.
- 1510: strategic design firm, in place since 2023.
THE BUILDING
Character brick building with a strong presence on the rue des Cascades commercial strip. The units are well kept and well maintained. Located in the heart of downtown, close to shops and services.
DOCUMENTS
Certificate of location available. Leases and income and expense statements are provided to buyers once a promise to purchase is accepted.
- 100% leased to three established tenants, including an architecture firm in place since 2021.
- Net leases: on top of its base rent, each tenant pays its proportionate share of the building's operating costs, including property taxes and insurance. The expenses shown in the financial summary are therefore recharged to the tenants under the leases; base rents are the owner's net income.
- Renewals already signed: offices at 1500 renewed for five years (to March 2031) and offices at 1510 to September 2028.
- Rent increases built into all three leases.
- Parking at the rear of the building, a rare asset downtown.
THE UNITS
- 1480, ground floor: health food store, three-year lease (2026 to 2028) with a renewal option.
- 1500: architecture firm, in place since 2021.
- 1510: strategic design firm, in place since 2023.
THE BUILDING
Character brick building with a strong presence on the rue des Cascades commercial strip. The units are well kept and well maintained. Located in the heart of downtown, close to shops and services.
DOCUMENTS
Certificate of location available. Leases and income and expense statements are provided to buyers once a promise to purchase is accepted.
Building details and property interior
Dimensions
45' X 92' 7" irr.
Year constructed
1845
Lot and exterior features
Lot size
49' 1" X 106' 4" irr.
Lot area
512.80 m²
Parking (total)
Driveway (4)
Characteristics
Heating Energy
Electricity, Natural gas
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 176,900
- Building assessment
- $ 704,700
- Total
- $ 881,600
Taxes
- Municipal (2026)
- $ 14,421
- School (2026)
- $ 634
- Total
- $ 15,055
Annual expenses
- Insurance
- $ 11,000
- Total
- $ 11,000
Gross annual revenues (potential)
- Commercial
- $ 96,408
- Total
- $ 96,408
Inclusions and exclusions
Mortgage payment calculator
$
$
$
%
This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.