Income Property Real Estate Agency
  • Residential units: 0
  • Floors: 4
  • Asking price: $1,750,000.00
  • Heating: Electric and gas
  • Hot water: Electric
  • Land: 930.70 m² (10012 ft²)
  • Building size: 23.8 m x 18.9 m (78 ft x 62 ft)
  • Building floor area: 452.53 m² (4868 ft²)
  • Parking: None
  • Year built: 1937
4 stories detached building in excellent condition. A walk to all the services. The main roof and the single portion of roof were renovated in 2003. The environmental report dates from 2003. No loan to be assumed. $65,000 of expenses in 2014 for renovations for the third level units. There are 26 different units rented by 16 tenants The gross revenues as of Sept. 2014 for the rented units was $152,397 on an annual basis representing 11,141 sq. ft. There were 4 locals vacant for 1,355 sq. ft. total, representing an annual income of $26,100. The recoveries for taxes on an annual basis are for $18,438 The building is 4,868 sq. ft. per floor representing a total rentable space of 12,496 sq. ft. These details concerning the square footages must be verified by the purchaser during the due diligence period. The heating is electric base board paid by the landlord except in the basement which is gas (hot water) paid by the tenant.
Office building for sale in the South West district, on Centre street, South of the Lachine Canal and of Griffintown. 2 blocks from the Charlevoix Metro Station. This is a part of the city that has many development projects around. The rents in place offer a great potential of increase as the average rent is for approximately $17 per foot.

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