| Remarks |
This Commercial building is literally in heart of St-Donat - arguably the next upcoming village in the Laurentians/Lanaudière area. The property includes over 9,000 s.f. of retail space with infinite potential.
Also, The property totals 192,788 s.f. of area, most of which is land that can be developed, also with infinite potential, and the view of the Lake and surrounding hills is simply breathtaking.
The Previous principal tenant, Provigo, is no longer there but has lease and pays rent until 2012.
Collect your positive cash flow while you rezone and get the permits you need for your project. There is also an option to sell-off any of the 7 subdivided lots you may not need.
The property includes a bungalow as well, which is valued at approximately $80,000.
Finally, in addition to the fabulous skiing in the area, there is just behind the subject property a public beach for windsurfers (managed and run by the city and at no cost to you) on the famous, majestic, and enormous Lake Archambault!!!
This is unequivocally a FANTASTIC INVESTMENT OPPORTUNITY WITH LOTS OF POTENTIAL!
|
 |
| Financial Data (based on asking price) |
| Asking Price |
1,250,000 |
| Actual Gross Rent (Residential) |
|
| Actual Gross Rent (Commercial |
85,890 |
| Garage |
n/a |
| Laundry |
n/a |
| Other |
n/a |
| Potential Gross Income (PGI) |
85,890 |
| Vacancy and Bad Debt Allowance |
1,1717 |
| Effective Gross Income (EGI) |
84,172 |
| Total Taxes |
8,148 |
| Total of Expenses |
|
| Net Operating Income (NOI) |
76,024 |
| Financial Ratios (based on asking price) |
| Gross Rent Multiplier |
14.55 |
| Net Rent Multiplier |
16.44 |
| Average Unit Price |
n/a |
| Capitalization Rate |
6.1% |
| Debt Coverage Ratio |
1.01% | |
| Property Information |
| Year Built |
unknown. |
| Construction Type |
concrete/brick |
| Total Units (Residential) |
2 |
| Total Units (Commercial) |
2 |
| Levels Above Ground |
2 |
| Zoning Type |
mixed zoning |
| Building Area |
~12,000 |
| Lot Area |
192,788 |
| Systems |
| Heating System |
Oil/Electric |
| Heating Type |
|
| Heating Paid by: |
Tenant |
| Hot Water Tank |
n/a |
| Hot water paid by: |
Tenant |
| Unit Types |
| Studio 1.5 |
n/a |
| Alcove 2.5 |
n/a |
| 1 Bedroom |
1 |
| 2 Bedroom |
n/a |
| 3 Bedroom |
1 |
| 4 Bedroom + |
n/a |
| Property Features |
| Indoor Parking |
n/a |
| Outdoor Parking |
200+ |
| Elevators |
1 near loading dock |
| Common Washers |
n/a |
| Common Dryers |
n/a | |