Mixed-use building with 3 units located in a desirable area, offering an excellent combination of commercial and residential income. It includes a commercial space currently operating as a convenience store, with a net lease in effect until 2032 with an option to renew, as well as two residential units on the upper floor: a one-bedroom and a one-bedroom with an office. With a gross income multiplier (GIM) of approximately 11.5 to 12 times, this building represents an excellent investment opportunity. Contact us for more information or to schedule a visit.
37'70" X 47' Irregular
1901
Poured concrete , Stone
Brick , Vinyl
Commercial Space:
- Currently rented for $3,008/month.
- Net commercial lease in effect until 2032, including an option to renew for an additional five (5) years.
- Annual rent increases indexed to the Consumer Price Index (CPI).
- The tenant is responsible for the following expenses: electricity, 60% of the building's gas bill, business insurance, interior and exterior maintenance, snow removal, and any expenses directly related to the operation of the business.
- The landlord is responsible for property taxes, building insurance, structural repairs, and 40% of the gas bill.
- Lease offering excellent income stability and limited operating expenses for the landlord.
Apartment 1 - 1 bedroom:
- Rented for $918.75/month, all inclusive.
Apartment 2 - 1 bedroom + office:
- Rented for $1,495/month.
- Tenant pays for electricity.
- Heating is included in the rent.
Income:
Total monthly gross income: $5,421.75
Annual gross income: $65,061
** Note: Approximately 50% of the purchase price is subject to GST/QST. A GST/QST-registered purchaser may benefit from a self-assessment mechanism that could eliminate the need to pay these taxes at closing, subject to eligibility. Buyers are encouraged to confirm the applicable procedure with their notary and accountant.
37'70" X 47' Irregular
1901
Poured concrete , Stone
Brick , Vinyl
41' X 100'
4,099.97 SF
Asphalt
Highway , Public transportation , University
Commercial , Residential
Forced air
Natural gas
Central air conditioning
Municipality
Municipality
Unit No. 1: stove and refrigerator. Unit #2: stove, refrigerator, dishwasher, washer and dryer
The water heater is leased from Enbridge. The building's central air conditioner was replaced by the convenience store owner. Technically, it belongs to him and should therefore be excluded from the sale.
My name is GABRIEL LÉTOURNEAU, RE/MAX real estate broker. How may I help you?
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RE/MAX DIRECT | 3 rue Picardie, Gatineau (Gatineau), Québec, J8T 1N8
Hello, my name is GABRIEL LÉTOURNEAU, real estate broker. Contact me for more information.
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