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8751 - 8757 Rue Lajeunesse, Montréal (Ahuntsic-Cartierville), QC, H2M 1R7
MLS® # 10712386
Investment For Sale In Youville, Montréal (Ahuntsic-Cartierville), Quebec
$1,990,000
Frontage - 8751  - 8757 Rue Lajeunesse, Montréal (Ahuntsic-Cartierville), QC
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8751 - 8757 Rue Lajeunesse, Montréal (Ahuntsic-Cartierville), QC, H2M 1R7
$1,990,000

Property Information:

Excellent investment opportunity. Superb semi-commercial building in a prime location. Adjacent to Crémazie metro station. Building composed of 8 furnished studios and two commercial spaces including a convenience store and a bar currently vacant. Good potential for increased income. Located in a 3-storey zoning, with a maximum height of 13.5m.

Semi-commercial building in prime location, 200 meters from Subway Station Crémazie, neighbouring a 14-storey building. Because of the location of the building, the annual increases of the two commercial leases are greater than usual.

ZONAGE
* The zoning currently allows 3 floors for maximum height 13.5 meters. The owner can obtain a permit to add one more floor.
* There is no parking requirement for new construction since it is less than 300 meters from the subway station.

THE BUILDING
* 8 apartments of size between 200 and 250 square feet
* The studios are rented with simple furniture and heated
* They are always rented and there is a waiting list of tenants
* Well maintained and well managed property

COMMERCIAL
* Heating costs, hot water and 50% of taxes payable by tenants
* Basement used as storage/office for businesses
* Good upside potential
* Long-time tenant
* Bar area currently vacant

LOCATION AND TRANSPORTATION
* Opposite Crémazie metro station and FTQ complex
* Public transport at the door (31, 361, 56, 146, 19, 192, 460, 54)
* Near Cégeps Ahuntsic and André-Grasset
* Lots of traffic on Lajeunesse Street
* Several daycare centers within 5 min walk
* Essential services within walking distance, including grocery stores, restaurants, cafés and more
* Several primary and secondary schools within walking distance

Exclusions : All personal belongings of the tenants

Building Features:

  • Proximity: Highway, CEGEP, Daycare centre, Golf, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Cross-country skiing, Public transportation, University
  • Size: 48.2 x 79.6 Feet
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $53,280
  • Commercial: $91,200

Taxes:

  • Municipal Tax: $19,760
  • School Tax: $1,225
  • Annual Tax Amount: $20,985

Expenses:

  • Insurance: $9,862
  • Maintenance: $10,559
  • Garbage: $6,759
  • Recovery: $-10,924
  • Electric: $6,000

Property Assessemnt:

  • Lot Assessment: $251,300
  • Building Assessment: $990,700
  • Total Assessment: $1,242,000

Property Features:

  • Built in: 1955
  • Lot Depth: 82.3 Feet
  • Lot Frontage: 48.2 Feet
  • Lot Size: 375.10 Square Metres
  • Zoning: COMM, RESI

Revenue Units:

Unit 1

Unit 2

Courtesy of: Royal LePage Altitude

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

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Location of 8751 - 8757 Rue Lajeunesse, Montréal (Ahuntsic-Cartierville), QC, H2M 1R7

Demographic Information of 8751 - 8757 Rue Lajeunesse, Montréal (Ahuntsic-Cartierville), QC, H2M 1R7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$71,827.48

Average Number of Children

0.89

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.85 %

High school certificate or equivalent

15.53 %

Apprenticeship trade certificate/diploma

12.06 %

College/non-university certificate

19.66 %

University certificate (below bachelor)

5.37 %

University Degree

31.9 %

Commuter

Travel To Work

By Car

40.4 %

By Public Transit

46.3 %

By Walking

7.21 %

By Bicycle

0.91 %

By Other Methods

5.18 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

81.55 %

Houses

17.77 %

Own Vs. Rent