Montreal (Rosemont–La Petite-Patrie) Commercial property for sale - $1,250,000

Semi-commercial building in Nouveau-Rosemont, at the corner of Beaubien Street East and 40th Avenue. It features residential units on the upper floors and a commercial space with a street-front window offering great visibility. The commercial space occupies the ground floor and the basement, for a total area of approximately 2,000 sq. ft. according to the lease, with three outdoor parking spaces at the rear. Roof redone in 2023 and electrical panel replaced in 2021. A convenient location close to shops and public transit.

THE BUILDING
Three-storey semi-commercial building built in 1958, row-corner, at the corner of Beaubien Street East and 40th Avenue. Poured concrete foundation, brick exterior. It includes three dwellings on the upper floors, a three-bedroom 6½ and two two-bedroom 4½, as well as a commercial space with a storefront window on Beaubien. Three outdoor parking spaces at the rear, basement with outside entrance.

THE COMMERCIAL SPACE
The space occupies the ground floor and the basement, for approximately 2,000 sq. ft. according to the lease. It is rented to a community organization established at this address since 1988, under a net lease of $2,225 per month ending October 31, 2027, with a five-year renewal option, term and rent to be negotiated. A stable tenant, in place for more than 35 years.

THE DWELLINGS
The 6½ is rented at $1,103 per month and one 4½ at $825 per month, leases ending June 30, 2027, heating included. The third dwelling, a two-bedroom 4½, is vacant: the buyer rents it at market value, targeted at approximately $1,500 per month, or occupies it.

WORK DONE
Elastomeric membrane roof redone in 2023. Electrical panel replaced in 2021. Heating by electric baseboards and natural gas, wall-mounted air conditioners.

THE AREA
Nouveau-Rosemont, on the Beaubien Street East commercial artery. Joseph-Paré Park is steps away; the Montreal Heart Institute and Maisonneuve-Rosemont Hospital are minutes away, a stable employment hub that supports rental demand. Buses on Beaubien, quick access to L'Assomption Boulevard and Highway 40. Local shops, schools and services within walking distance, in a neighbourhood of families and owner-occupants.

CONDITIONS
Price plus applicable GST and QST. Sale without legal warranty of quality, at the buyer's own risk. Occupancy as per the leases. The commercial tenant holds a right of first refusal on the sale, under the terms of its lease. Leases, income and expenses provided upon request.

INCLUSIONS
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EXCLUSIONS
-Tenants' personal belongings