GREAT INVESTMENT OPPORTUNITY IN SAINT-MICHEL! Corner property featuring 2 commercial units and 2 residential apartments. TWO VACANT UNITS: one ground-floor commercial space and one furnished 4½ apartment on the second floor! Excellent potential to increase rental income or for owner occupancy, subject to applicable conditions. Roof replaced in 2024, door and window improvements, and 2 wall-mounted heat pumps. Convenient location near shops, services and public transportation. Don't miss this opportunity!
49'11" X 32' Irregular
1966
Aluminum
Poured concrete
Brick
Asphalt and gravel
EXCELLENT INVESTMENT OPPORTUNITY -- MIXED-USE RESIDENTIAL AND COMMERCIAL PROPERTY IN SAINT-MICHEL!
Discover this two-storey corner property located in Montréal's Saint-Michel neighbourhood. Featuring two commercial units on the ground floor and two residential apartments upstairs, this property offers an attractive combination of existing rental income and future income potential.
TWO VACANT UNITS -- A GREAT OPPORTUNITY!
COMMERCIAL SECTION
Two commercial spaces measuring approximately 26 ft. x 27 ft. each.
One commercial unit currently rented for $1,500 per month, with an active lease.
One VACANT commercial unit, offering the opportunity to lease or occupy the premises, subject to permitted uses.
JL Marché currently occupies one of the commercial units.
Takeout snack bar permitted. Dine-in restaurant not permitted, subject to municipal verification.
RESIDENTIAL SECTION -- SECOND FLOOR
Two residential apartments.
One currently rented 5½ apartment.
One VACANT and FURNISHED 4½ apartment, offering additional rental income potential.
IMPROVEMENTS AND PROPERTY FEATURES
Roof replaced in 2024, according to the Seller's Declaration.
Door and window improvements documented in 2020.
Two wall-mounted heat pumps in the commercial units.
Hot water tanks dating from 2022.
Hot-water heating system located in the basement.
Two-storey brick building.
Lot measuring 199.8 m² according to the 2005 certificate of location.
ADDITIONAL INFORMATION
The property also bears the civic addresses 4250 and 4252, 47th Avenue.
The 2005 certificate of location identifies a registered view servitude, certain encroachments and overhangs.
Rental income, leases, operating expenses, measurements and permitted uses must be verified by the Buyer.
CONDITIONS OF SALE
Sale without legal warranty of quality, in accordance with the applicable contractual provisions.
GST and QST apply to the taxable portion of the property.
An excellent opportunity for investors seeking existing rental income combined with the potential to generate additional revenue from two currently vacant units!
49'11" X 32' Irregular
1966
Aluminum
Poured concrete
Brick
Asphalt and gravel
67' X 32'
2,144.17 SF
Highway , Daycare centre , Hospital , Park , Bicycle path , Elementary school , High school , Commuter train , Public transportation
Commercial , Residential
Electric baseboard units
Electricity
Fire detector , Wall-mounted heat pump
Municipality
Municipality
All furniture currently located in the 4½ residential unit (Apartment 1), as well as the two wall-mounted heat pumps in the commercial units. All equipment and furniture located in the JL Marché commercial unit.
All tenants' personal belongings, the kitchen range hood, and the two refrigerators located in the JL Marché commercial unit.
My name is CATERINA BALLARO, RE/MAX real estate broker. How may I help you?
Do you have a question?
RE/MAX ALLIANCE | 4865 rue Jarry Est, Montréal (Saint-Léonard), Québec, H1R 1Y1
Hello, my name is CATERINA BALLARO, real estate broker. Contact me for more information.
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