$3,995,000

Commercial For Sale In Saint-Michel, Montréal (Villeray/Saint-Michel/Parc-Extension), Quebec

$3,995,000 +GST/QST

Property Information:

Superb recently renovated in 2012 office and commercial building with 14 exterior parking spaces and 7 interior garages! Exceptional site for your business, as an investment or to re-develop! At the corner of Jean-Talon and Saint-Michel streets! Gross annual revenue potential according to the seller - see addendum - is roughly $297,911.54 per year. Great opportunity to increase the income and profitability of this building! The price is negotiable. The 2nd floor is all renovated and subdivided into 3 sections: a law firm, bank administrative offices with private kitchen and a multi professional section with 4 closed offices.

Income statement from the seller as of June 8th 2022:
monthly rentals
Laurentian bank = $20,358.20
Local# 202 = $2,113.50
local 203-1 = $1,092.26
local 203-2 = $700.00
local 203-3 = $517.39
local 203-4 = $962.30
garage interior 7X200= $1400
parking exterior 14X100=1400
----------------------------------------
total $28543.65 per month x12=342,523.80 per year taxes included.
total potential rental ----------------------------=297,911.54 per year without taxes.
(with a new tenant instead of the bank in April 2023) revenue would increase 7-10 thousand dollars more.

The 2nd floor is all renovated and subdivided into 3 sections: a law firm that has 3 closed offices and a reception, bank administrative offices composed of 8 closed offices and an independent kitchen, and a multi professional section with 4 closed offices and a reception.

Building Features:

  • Style: Detached
  • Driveway: Asphalt, 14 exterior
  • Foundation: Poured concrete
  • Garage: Attached, 7 interior parkings, Heated, Double width or more
  • Parking: Driveway, Garage
  • Size: 15.05 x 26.07 METRE
  • Heating System: Forced air, Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Taxes:

  • Municipal Tax: $67,291
  • School Tax: $2,089
  • Annual Tax Amount: $69,380

Property Assessment:

  • Lot Assessment: $377,600
  • Building Assessment: $1,714,300
  • Total Assessment: $2,091,900

Property Features:

  • Built in: 1962
  • Floor Space (approx): 780.4 Square Metres
  • Lot Depth: 50.56 Metre
  • Lot Frontage: 15.24 Metre
  • Lot Size: 770.60 Square Metres
  • Type of Business: Bank
  • Type of Operation: Service
  • Zoning: COMM
  • No. of Parking Spaces: 21

Courtesy of: Royal LePage du Quartier

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.

Sold without legal warranty of quality, at the buyer's own risk.

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