Approximately in May 2024, the town of St-Cuthbert modified the zoning to R1 zoning. It should be noted that this property could benefit from an acquired right regarding the use of multiplex (5 units) and agricultural zoning. The first building that's the closest to the street (101-101A) is a duplex classified as a heritage but without any restrictions on its renovation, but cannot be demolished without the approval of an engineer. It will be the responsibility of the buyer to take all steps to ensure the feasibility of his project.
R1 Zoning, see document online. It is worth noting that this property may benefit from a grandfathered right regarding residential (5 units) and agricultural zoning. The first building (101-101A) is a duplex classified as a heritage property, which has no restrictions on renovation but cannot be demolished without engineer approval. The other two buildings can be demolished without restriction.
There are two tenants in place with no signed leases, they have verbal agreements.
The rents for 101 rue du Moulins, St-Cuthbert, and 109 rue du Moulins, St-Cuthbert, respectively generate $500 and $200 per month for a total annual income of $8,400.
The tenants have full and exclusive access to the properties at 101, 101A, 103, 105, and 109 rue du Moulins in Saint-Cuthbert.
101: Rented for $500/month. 101-A: Vacant and renovations to be completed. 103: Vacant and uninhabitable. 105: Vacant and uninhabitable. 109: Rented for $200/month.
The buyer will need to conduct their own research with the city regarding the intended use for this property. There are two tenants in place with no signed leases, they have verbal agreements.
The rents for 101 rue du Moulins, St-Cuthbert, and 109 rue du Moulins, St-Cuthbert, respectively generate $500 and $200 per month for a total annual income of $8,400.
The tenants have full and exclusive access to the properties at 101, 101A, 103, 105, and 109 rue du Moulins in Saint-Cuthbert.
101: Rented for $500/month. 101-A: Vacant and renovations to be completed. 103: Vacant and uninhabitable. 105: Vacant and uninhabitable. 109: Rented for $200/month.
The buyer will need to conduct their own research with the city regarding the intended use for this property.