$599,000 +GST/QST

Investment For Sale In Hochelaga-Maisonneuve, Montréal (Mercier/Hochelaga-Maisonneuve), Quebec

$599,000 +GST/QST

Property Information:

This triplex located on Sainte-Catherine Street combines both commercial and residential income. With its convenience store on the ground floor and two apartments on the 2nd and 3rd floors, this property is a perfect business opportunity for investors. The commercial space includes a large storage area in the basement with ceilings over 7 feet high, while the two apartments each offer 3 bedrooms, hardwood floors, and 9-foot ceilings. The building has recently undergone major renovations: a complete roof, facade, and window overhaul in 2022, and the rear terrace was redone in 2023. A must-see!

This triplex combines both residential and commercial spaces, offering a unique opportunity for investors. Located in a dynamic neighborhood, this property includes a convenience store and two apartments. Here is a detailed overview of its features:

** COMMERCIAL SPACE
The commercial space is currently used as a convenience store and has a lease of $1,040 per month until July 31, 2025. It also includes a large storage basement with ceilings over 7 feet, providing practical and functional space for storage. Possibility of parking two cars at the rear of the building.

** APARTMENT 3993 (2nd floor)
This apartment is rented for $1,050 per month until June 30, 2025, with a long-term tenant of over 20 years. It offers 3 bedrooms, one of which is located in a double living room. The large dining room, adjacent to the kitchen, is currently used as a living room and includes washer-dryer hookups. The apartment features hardwood floors, 9-foot ceilings, an enormous rear balcony (25 x 18 feet), and an outdoor storage space.

** APARTMENT 3995 (3rd floor)
This apartment is rented for $1,280 per month until June 30, 2025. It includes 3 bedrooms, one of which is located in a double living room. The large dining room includes washer-dryer hookups. The apartment also offers hardwood floors, 9-foot ceilings, a private balcony, and an outdoor storage space.

ADDITIONAL INFORMATION:
Renovations:
- Replacement of the front door (invoice not found, 2021)
- Complete renovation of the façade and windows (2022)
- Complete roof renovation (2022)
- Basement furnace repair (invoice not found, 2022)
- Renovation of the rear terrace (invoice not found, 2022)

***The commercial space area (1,695 sq. ft. / 158 m²) corresponds to the building's ground-floor area as per the certificate of location.

LOCATION: Ideally located! Walk Score 95 and Bike Score 99
* Nearby parks: Saint-Aloysius Park, Morgan Park, Wolfred-Nelson Dog Park
* Close to shopping, educational, healthcare, and recreational services
* Just a few minutes' walk from Maisonneuve Market
* Close to services and amenities on Sainte-Catherine and Ontario Streets (grocery stores, pharmacies, ATMs, parks, restaurants/cafés/bistros, trendy spots, SAQ, CLSC, etc.)
* Other nearby attractions: Botanical Garden, Maisonneuve Park, Olympic Park, Saputo Stadium, StarCité Cinema, Pro-Gym, etc.

TRANSPORTATION -- EASY WITH MULTIPLE OPTIONS
* Less than a 25-minute walk to Joliette metro station
* Close to several bus lines (34, 139, 125, 353, 439, 355)
* Just a short bike ride to bike paths
* Quick access to major roadways (720, 40, 25), Jacques-Cartier Bridge, L-H Tunnel
* Nearby BIXI and Communauto stations

Inclusions: 3 water heaters

Building Features:

  • Style: Triplex
  • Basement: Unfinished
  • Dividing Floor: Wood
  • Driveway: Unpaved
  • Floor Covering: Concrete, Wood, Ceramic
  • Foundation: Poured concrete
  • Parking: Driveway
  • Proximity: Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
  • Roofing: Elastomeric membrane
  • Siding: Brick
  • Size: 7.62 x 20.67 METRE
  • Topography: Flat
  • Washer/Dryer (installation): Dining room (2nd and 3d floor)
  • Window Type: Guillotine
  • Windows: PVC
  • Heating System: Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $27,960
  • Commercial: $12,480

Taxes:

  • Municipal Tax: $7,015
  • School Tax: $400
  • Annual Tax Amount: $7,415

Property Assessment:

  • Lot Assessment: $190,100
  • Building Assessment: $306,500
  • Total Assessment: $496,600

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1
  • Built in: 1925
  • Irregular: Yes
  • Lot Depth: 27.53 Metre
  • Lot Frontage: 7.62 Metre
  • Lot Size: 211.20 Square Metres
  • Zoning: COMM, RESI
  • No. of Parking Spaces: 2

Rooms:

  • Bedroom 2nd Level 3.58 m x 3.58 m Flooring: Wood
  • Bedroom 2nd Level 3.71 m x 4.52 m Flooring: Wood Note: Double room
  • Living 2nd Level 3.48 m x 3.71 m Flooring: Wood Note: Double room
  • Bedroom 2nd Level 3.71 m x 3.86 m Flooring: Wood
  • Dining 2nd Level 3.38 m x 3.81 m Flooring: Wood
  • Kitchen 2nd Level 3.61 m x 3.66 m Flooring: Wood
  • Bathroom 2nd Level 1.75 m x 2.39 m Flooring: Ceramic
  • Foyer 3rd Level 2.41 m x 3.40 m
  • Bedroom 3rd Level 3.58 m x 3.58 m Flooring: Wood
  • Living 3rd Level 3.71 m x 4.52 m Flooring: Wood Note: Double room
  • Bedroom 3rd Level 3.48 m x 3.71 m Flooring: Wood Note: Double room
  • Bedroom 3rd Level 3.71 m x 3.86 m Flooring: Wood
  • Dining 3rd Level 3.38 m x 3.81 m Flooring: Wood
  • Kitchen 3rd Level 3.38 m x 3.66 m Flooring: Wood
  • Bathroom 3rd Level 1.75 m x 2.39 m Flooring: Ceramic

Revenue Units:

  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 5
  • Bedrooms 3
  • Baths 1

Courtesy of: Royal LePage Altitude

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Sold without legal warranty of quality, at the buyer's own risk.

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