Fully rented commercial condo located on the ground floor of a well-known building is currently outfitted to include 4 distinct business. It represents a perfect opportunity for investors seeking a lucrative investment in Montreal's thriving real estate market. With its prime location, concrete and low maintenance construction, strong tenant base, and consistent cash flow, the property offers both immediate returns and long-term appreciation potential. OWNER COULD PROVIDE BALANCE OF SALE.
Prime location: This property is strategically located in NDG, one of the most desired neighborhoods known for its vibrant atmosphere and diverse community, provides an ideal setting for commercial enterprises. Its central location ensures significant pedestrian and vehicle traffic, with easy access to HWY 15 HWY 20 and a multitude of amenities, including shops, restaurants, bus station, Metro Vendome, McGill University Health Center and residential areas. Commercial property on the ground floor with extensive frontage on Sherbrooke St. With approx. 115 ft of storefront space, it is a perfect location for business seeking maximum exposure.
Construction - Low maintenance characteristics Built in 2011 Fire-wall between each commercial business Ground floor built with superb windows and high ceilings Each business has direct access to street Independent HVAC and Hydro counter for each business, 5 bathrooms
Tenants The commercial space is currently leased to four AAA reputable and stable tenants, each contributing to the property's robust cash flow: Ortho NDG: A well-established orthodontic practice catering to all communities' dental needs. Biblio Cafe: A popular café offering a cozy ambiance and quality beverages, attracting both residents and passersby. Restaurant Orchidee: A distinguished dining establishment known for its exquisite Persian cuisine. Bakery Gandom: A thriving bakery renowned for its fresh and delectable baked goods.
Consistent cash flow: The fully rented status of the property provides investors with a stable and predictable income stream, supported by long-term lease agreements with reputable tenants. AT the end of their 5 years term, there is option for renewal with 5% increase in the rent. Diversified tenant mix comprising reputable and stable businesses, enhancing income stability.
11 Interior garages available, each extra $70,000 plus sales taxes.
Included: Storage in the basement approx. 1,000 sf.
Excluded: Tenants belongs.
Sale without legal warranty of quality, at the buyer's risk and peril
Advertising
Livable surface
9394.74 PC
Heating system
Space heating baseboards, Electric baseboard units
Water supply
Municipality
Heating energy
Electricity
Equipment available
Central air conditioning
Available services
Fire detector
Equipment available
Ventilation system, Sign, Alarm system
Available services
Jet system
Distinctive features
Street corner
Proximity
Highway, Daycare centre, Hospital, Park - green area, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Public transport
