| Remarks |
Location, Location, Location! Feel, see, and hear the sizzle!!! This sunny-side location is oh so hot!
Rare Opportunity. A mixed-use property on Saint-Denis Street, near Rachel Avenue! This property, located at the heart of the Plateau Mont Royal, is on one of Montreal's coolest streets, hippest neighborhoods and in one of the hottest retail sectors that is booming and blooming. There is pedestrian traffic throughout the entire year, even on rainy days!
Excellent opportunity for proprietor-occupant and/or for investor.
The proof is in the pudding!Neighboring retailers include, Mexx, Jacob, Gap, Aldo, Le Chateau, Stokes, American Apparel, Miss Swiss, Foot Locker, Second Cup, Rockaberry, etc.
This property currently has an interesting rent growth potential, and tenants pay their own heating and electricity.
Great condo-conversion opportunity, with room to expand the retail store to over 2000 square feet.
Near many amenities, including Bus and Metro. Always rented! |
|
| Financial Data (based on asking price) |
| Asking Price |
$1,550,000 |
| Actual Gross Rent (Residential) |
62,292 |
| Actual Gross Rent (Commercial) |
49,932 |
| Garage |
n/a |
| Laundry |
n/a |
| Other |
n/a |
| Actual Gross Income (AGI) |
112,224 |
| Potential Gross Income (PGI) |
138,000 |
| Vacancy and Bad Debt Allowance @ 3% |
3,366 |
| Effective Gross Income (EGI) |
108,558 |
| Total Taxes |
14,648 |
| Total of Expenses |
30,696 |
| Actual Net Operating Income (NOI) |
77,862 |
| Potential Net Operating Income |
107,304 |
| Financial Ratios (based on asking price) |
| Gross Rent Multiplier |
14.27 |
| Potential Gross Rent Multiplier |
11.23 |
| Net Rent Multiplier |
19.90 |
| Potential Net Rent Multiplier |
14.44 |
| Average Unit Price |
n/a |
| Overall Capitalization Rate |
5.02% |
| Potential Overall Capitalization Rate |
6.92% |
| Debt Coverage Ratio |
n/a |
|
| |
| Property Information |
| Year Built |
1911 |
| Construction Type |
concrete/brick |
| Total Units (Residential) |
8 |
| Total Units (Commercial) |
1 |
| Levels Above Ground |
3 |
| Zoning Type |
retail/residential |
| Building Area |
220m2 |
| Lot Area |
6,012 sq.ft. |
| Systems |
| Heating System |
Base Boards |
| Heating Type |
Electric |
| Heating Paid by: |
Tenants |
| Hot Water Tank |
Landlord Owned |
| Hot water paid by: |
Landlord |
| Unit Types |
| Studio 1.5 |
n/a |
| Alcove 2.5 |
2 |
| 1 Bedroom |
3 |
| 2 Bedroom |
3 |
| 3 Bedroom |
n/a |
| 4 Bedroom + |
n/a |
| Property Features |
| Indoor Parking |
n/a |
| Outdoor Parking |
n/a |
| Elevators |
n/a |
| Common Washers |
n/a |
| Common Dryers |
n/a | |