Beautifully located semi-commercial building on the Plateau-Mont-Royal, long-established tenant for over 50 years in a captive market, for discerning investors.

Description: Commercial space:

Large 4500 sq ft commercial space on the first floor + 4500 sq ft basement set up as offices, staff room, storage, cold room, mechanical room and powder room.

The potential rent is $132,500 per year (or $11,041.66/month).

+ The tenant pays an additional rent of $43,000 per year (or $3,583/month) for his participation in the expenses of the building (municipal taxes, school taxes and insurance).

The total potential commercial revenue is $175,500 per year (or $14,625/month).

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Description: Residential dwelling:

Great unit (6 1/2) on the 2nd floor. Living room with windows on two walls, open area consisting of kitchen and dining room, three bedrooms, bathroom with skylight and laundry area. 8'4" ceiling.
Beautiful sunny terrace of approximately 20' x 12'.

The residential rent is $22,356 per year, or $1,863 per month.

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TOTAL REVENUE OF THE BUILDING: $197,856 per year, or $16,488 per month.
See attached financial summary.
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General:

Re-roofed in 2014 for the residential unit and 2020 for the commercial section.

The building is subject to GST-QST for 89%.

An inspection report by an architect will be available at the end of April 2022.

The sale is without legal warranty at the risk and peril of the buyer.

The choice of the inspector must be approved by all parties.