Prime location on a busy street of Plateauu Mont Royal. Nice property with good income and very serious tenants. Near Metro Station, buses at the door, walking street during summer time and during other seasons a lot of traffic.
All the building was renovated and is rented for 7 years, 5 years lease and option to renew for another 5 years. Renovations were done on 2021 with good quality materials. Excellent Income.
Sale without legal warranty of quality, at the buyer's risk
Inclusions:
All furniture in 5 1/2 apt 201 - All fixtures - 3 fridges - 3 stoves - 3 dishwashers and 3 washer and dryers in apt 201-301 and 302. Also fixtures in 2 stores 1574 and 1576. Tous les condos et les locaux commerciaux loués -
Exclusions:
Electricity & Gaz. All furniture and belongings of tenants of 301 and 302, also belongings of 201 apt. For stores 1574 and 1576 all belongings of tenants.
Prime location on Mt Royal Street East
Busy street, hot spot in summer and near public transportation
Nice property with good income and very serious tenants
Key Details
General Info
Property Type:Commercial Property
Essential Information - COMMON
Listing Number (MLS):20889991
Asking Price:$2,700,000
Display The Price As Confidential:No
Year Built:1983
Total Revenue (Gross):$188,280
Total Expenses:$30,806
Net Revenue:$155,000
Building Class:B+
Weighted Average Lease Term (WALT):7.0
Evaluation and Taxes
Muncipal Evaluation Year:2021
Muncipal Evaluation - Building:$1,159,300
Municipal Evaluation - Land:$322,900
Muncipal Evaluation - Total:$1,482,200
Taxation Year:2021
Municipal Tax:$29,350
School Tax:$1,456
Dimensions
Total Building Area (SF):2400.00
Land Size (SF):2,500
Land Irregular:No
Additional Information
Number of Floors Within Building:2
Type of Roofing:Flat Roof, Tar and Gravel, Elastomeric membrane