Property Information:
Medical or office building sold 100% vacant as of December 1st 2026 ideally situated directly across from Saint-Eustache Hospital, exceptional visibility and convenience for medical, professional, or health-related uses. This prime location is particularly well suited for a medical clinic, dental practice, physiotherapy center, or other professional services. The property features office space on the upper level, parking in front and surrounding the building, excellent accessibility with quick connections to Autoroute 640 and Boulevard Arthur-Sauvé. 100% occupancy Medical, commercial first floor or office building with a lot of parking!
MARKET VALUE ANALYSIS
Commercial Building
45 Grignon Street / 28 Dubois Street
Saint-Eustache, Quebec
Prepared by
Royal LePage du Quartier
Nicolas Tétrault, courtier immobilier agréé
Executive Summary
This report has been prepared in a professional institutional style for financing, investment, and commercial marketing purposes. The property benefits from two municipal addresses and an exceptional location directly across from SaintEustache Hospital, making it highly attractive for medical, dental, professional and wellness tenants.
Income Summary
Income Source
Annual Income
45 Grignon Street
$60,000
28 Dubois Street ($10,000/month)
$120,000
Second Floor
$42,000
Outdoor Signage
$12,000
Base Rental Income
$234,000
NNN Recoveries
$30,000
Gross Potential Income
$264,000
Operating Expenses
$31,442.17
Projected NOI
$232,557.83
Estimated Market Value
Capitalization Rate
Estimated Value
7.50% $3,100,771
7.00% $3,322,255
6.75% $3,445,301
6.50% $3,577,813
6.25% $3,720,925
6.00% $3,875,964
5.75% $4,044,484
5.50% $4,228,324
Market Commentary
Given the property's prime location directly across from SaintEustache Hospital, dual municipal addresses, and strong medical leasing profile, capitalization rates between 5.50% and 7.50% are considered the most credible valuation range in today's market. Higher capitalization rates such as 9% or 10% would generally apply to higher-risk assets and would materially undervalue this property.
Professional Opinion of Value
Based on the projected stabilized NOI and prevailing market capitalization rates for comparable commercial properties, the estimated market value is approximately between $3.1 million and $4.2 million, with an indicated market value of approximately $3.7 million to $3.8 million assuming stabilized occupancy and market rents.
Building Features:
-
Style:
Business
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Business Operation Type:
Retail
-
Business Type:
Clinic
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Common Walls:
Detached
-
Construction Materials:
Aggregate
-
Cooling:
Central air conditioning, Central heat pump
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Foundation Details:
Poured concrete
-
Heating:
Forced air, Electricity
-
Lot Features:
Highway
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Parking Features:
Asphalt
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Roof:
Asphalt shingles
-
Security Features:
Alarm system
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Size:
13.82 x 27.1 METRE
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Structure Type:
Building
-
Utilities:
Water Connected, Electricity Connected, Sewer Connected
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Water Source:
Municipality
-
Sewer:
Municipality
