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

Centris® #10712386
$ 1,990,000

Description

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.

Addendum

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

Description sheet

Nb. of rooms
 
Nb. of bedrooms
0
Nb. of bathrooms and powder rooms
0 + 0
Building type
Attached 
Property type
 
Year built
1955 
Building size
48.20 X 79.60 feet irreg. 
Living area
 
Lot size
48.20 X 82.30 feet irreg. 
Lot area
375.10 square meters 
Quebec cadastre
 

Inclusions

N/A

Exclusions

All personal belongings of the tenants

Features

Heating energy
Electricity
Proximity
Bicycle path
 
Cegep
 
Cross-country skiing
 
Daycare centre
 
Elementary school
 
Golf
 
High school
 
Highway
 
Hospital
 
Park - green area
 
Public transport
 
University
Sewage system
Municipal sewer
Water supply
Municipality
Zoning
Commercial
 
Residential

Potential Gross Revenue

Reference date
2022-05-20
Commercial
$ 91,200 /year
Residential
$ 53,280 /year
Total
$ 144,480 /year

Assessment, Taxes and Expenses

Municipal assessment
Year
2021
Building assessment
$ 990,700
Lot assessment
$ 251,300
Total
$ 1,242,000
Annual taxes and Expenses
Energy cost
$ 6,000
Garbage
$ 6,759
Insurance
$ 9,862
Maintenance / Repairment
$ 10,559
Municipal Taxes
$ 19,760
Recovery of expenses
$ -10,924
School taxes
$ 1,225
Total
$ 43,241
Top  
Bo Zhang
Bo Zhang
Real Estate Broker
Bo Zhang Immobilier Inc.
Business corporation owned by a Residential and Commercial Real Estate Broker
ROYAL LEPAGE ALTITUDE
Real Estate Agency
514-586-7988
David Tardif
David Tardif
Real Estate Broker
David Tardif Courtier Immobilier Inc.
ROYAL LEPAGE ALTITUDE
Real Estate Agency
514-447-8087
Maxime Tardif
Maxime Tardif
Real Estate Broker
Maxime Tardif Courtier Immobilier Inc.
ROYAL LEPAGE ALTITUDE
Real Estate Agency
514-447-8087
 

Photos - No. Centris® #10712386
8751 - 8757, Rue Lajeunesse, Ahuntsic-Cartierville (Montréal) H2M 1R7

Frontage Frontage