Investment Opportunity! Explore the appeal of this semi-commercial quadruplex. Tucked away without rear neighbors, this property offers a pleasant partial water view. It is conveniently located just steps from the waterfront and a picturesque cycling path that provides a scenic route leading you all the way to Ste-Anne-de-Bellevue, all the while offering captivating views of the water. It features two ground-level storefronts, a well-established restaurant, a long-standing hairdressing salon in operation since 1990 and upstairs, there are two spacious 3 1/2 units. The restaurant received a modern update in 2019, creating a contemporary and...
inviting atmosphere. The residential units have been well-maintained, housing reliable tenants, and have underwent thoughtful updates in 2005. Prioritizing convenience, the property also offers parking for up to six vehicles at the back of the building.
Currently generating a total revenue of $44,700.00, this property holds substantial growth potential.
Please note -any Offer to Purchase is subject to discussions and the approval of a proposed lease for the hair salon, making it an integral part of the transaction. The seller is reasonable and is open to flexible lease discussions. Apartment 3125 is currently under a 3-year lease until June 30th, 2026, with a rent increase to $760/month starting from July 1st, 2024, and further increasing to $780 as of July 1st, 2025.
Starting January 1st, 2025, the lease for the restaurant will be adjusted to reflect the current market value. Since its opening, the restaurant owner has benefited from an agreement with the building owner regarding the costs of renovations.
Don't miss out on this unique investment opportunity!
Inclusions
Wall Mounted A/C, 5 Hot Water Tanks
Exclusions
Equipment of Hair Salon and Restaurant, Personal effects of Tenants