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$4,990,000 +GST/QST

RE/MAX Commercial

Commercial for sale - Montréal-Est

$4,990,000 +GST/QST

$4,990,000 +GST/QST

Loading property...
Loading property...

$4,990,000 +GST/QST

RE/MAX Commercial

Commercial for sale - Montréal-Est

$4,990,000 +GST/QST

$4,990,000 +GST/QST

Next Open House

9572Z - 9590Z Boul. Henri-Bourassa E., Montréal-Est, H1E 1P8

Commercial building for sale in Montreal East. You're tired of the low yields of residential real estate, so do not miss this incredible business opportunity. GRM of 8.8 and Cap Rate of 6.2% with the possibility of doubling or even tripling the income by enlarging the building. Virtual visit : https://my.matterport.com/show/?m=A7a1iHQQuG3

  • Lot area : 58,457 SF
  • NUMBER OF ROOMS : 0
  • Year built : 1988
NICOLAS BEL
Residential and Commercial Real Estate Broker
Brokers tranquilit
Building details and property interior
Particularities plusParticularities minus

220'3" X 129'6" Irregular

1988

43,143.91 SF

Aluminum

Poured concrete

Aluminum , Concrete , Brick , Stucco

None

Addenda
Particularities plusParticularities minus

The 9572-9590 Henri-Bourassa

This commercial building of over 40,000 square feet is divided into 2 sections. The first half is composed of retail locals on the ground floor and office on the 2 floors. This section offers stable income and quality tenants. The 2nd part consist of 2 floors of mini-warehouses and one floor of monthly rented offices. This section gives you a very strong profitability in 2 areas in very strong growth.

Furthermore, the building is located 5 minutes from the 40 and 25 and 10 minutes from the Port of Montreal. In addition it is the only building offering mini warehouse and office rental activity in the month of the sector. Finally, with this unparalleled location, you will enjoy an unequaled occupancy rate.


More than 100 parking spaces available.

Economic Data

Gross Income : $566,420
Ratio of Gross Income: 8,8

Vacancy Rate and Bad Debt : $49,288

Gross Effective Income: $517,132

Building expenses: $208,340

Net r Income: $308,792
Cap Rate: 6,2%

Note:
Part of the northwestern concrete wall encroaches into the cadastral right of Henri-Bourassa Boulevard East (1250895).
Two non-construction easements in favor of "Dow Chemical Canada Inc." and "BASF Canada Ltd. (3927091 and 13285410). Ask the location certificate to the broker.

Building details and property interior
Particularities plusParticularities minus

220'3" X 129'6" Irregular

1988

43,143.91 SF

Aluminum

Poured concrete

Aluminum , Concrete , Brick , Stucco

None

Lot and exterior features
Particularities plusParticularities minus

398'2" X 150' Irregular

58,456.64 SF

Fenced

Asphalt

Driveway : 137

Commuter train , Public transportation

Commercial , Industrial

Characteristics
Particularities plusParticularities minus

Forced air , Electric baseboard units

Electricity , Natural gas

Elevator(s)

Municipality

Municipality

Financial details
Particularities plusParticularities minus
Assessment (2015)
Taxes
  • (2019)
  • (2018)
Annual Expenses
Energy
9572Z - 9590Z Boul. Henri-Bourassa E., Montréal-Est, H1E 1P8
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 30.3%
  • 33.6%
  • 14.6%
  • 9.7%
  • 11.8%
  • 27.3%
  • 19.8%
  • 2.3%
  • 50.3%
  • 0.0%
UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
  • Statistics Household
  • Statistics Individual
  • Statistics Owners
  • Statistics Renters
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NICOLAS BEL
Residential and Commercial Real Estate Broker
Brokers tranquilit

MORTGAGE PAYMENTS CALCULATOR

Financial details

Assessment (2015)
Taxes
  • (2019)
  • (2018)
Annual Expenses
Energy
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