$157,536
Great cross revenue property with multiple potential as investor or owner occupant investor. It is located in Triple AAA location in highly demanded Plateau area . see addendum for more details! lots room still for optimization for new investor buyer(s) Vendor has done lots of improvements and has increased revenues and secured a triple net lease with established Benjamin Moore franchise owners La Cité Des Peintres Inc.
As per leases: 8 x residential studio apts and 1 x commercial multi level commercial space.
All personal belongings of the residential and commercial tenants. Benjamin Moore business under the enterprise named La Cité des Peintres Inc. Complete business materials, equipment, furniture including all inventory are not included. (see broker for further details).
$290,000
$888,100
Semi-commercial 1 commercial local & 8 residential studio
appt Unit(s)
Commercial Building description:
-200 Rachel street (commercial premises retail store)
-1st floor; store with mezzanine office
-Basement with 6 feet and more ceilings for inventory
storage.
-Loading dock with garage door
Rental income: Tenant Occupied:$5248.00/month (As of June
1st, 2025)
additional rent(50 % recovery for building Exp) Annual
$11591.00/ Monthly $966.00)
Gross Income : $6214.00 per month /Annual $74568.00
Description residential apartments:
204 Rachel
2 floors - 4 units per floor
common hallway w/storage lockers and staircase
studio apartments
rental income: $6914.00 per month / Annual $82968.00
Gross Income : $13,128.00 per month / Annual $157,536.00 (
Commercial & Residential)
Building Expenses
Municipal Taxes 2025: $14632.00(R)
School taxes 2025: $849.00 (R)
Insurance 2025: $7701.00 (R) (50% recovery total =
$11591.00 )
Total expense: $11591.00 (R)
Hydro 2025: $5591.00 (residential only no recovery)
Total expenses: $17182.00 Annual or $1431.83/Month
NOI: $13,739.35/Month or $140354.00(annual)
Signed leases and financials where applicable applicable to
a PPG offering.
Sale with exclusion(s) of legal warranty: This sale is made
without legal warranty at the buyer's risk.
-3 residential units fully renovated (2025)
Bathrooms, kitchenettes, flooring, lighting, appliances,
painted
-Common areas & corridors updated & painted (June 2025)
$60,000+ invested
commercial exterior& Interior freshly painted & upgraded
leasehold improvements (2024--2025)
-Basement remediated with new cement slab and completed
Phase 1-4 environmental reports.
-- $100,000 invested total
Location:
AAA corner property with high pedestrian/vehicular
visibility in the heart of Plateau Mont-Royal. Steps from
bus stops, metro stations, downtown Montreal, McGill &
Concordia University, Mont-Royal Mountain, shopping, and
all urban conveniences.
| BUILDING | |
|---|---|
| Type | |
| Style | Semi-detached |
| Dimensions | 1x1 M |
| Lot Size | 1357 PC |
| EXPENSES | |
|---|---|
| Insurance | $ 7701 / year |
| Energy cost | $ 5591 / year |
| Recovery of expenses | $ -11591 / year |
| Municipal Taxes (2025) | $ 14632 / year |
| School taxes (2025) | $ 849 / year |
|
CHARACTERISTICS |
|
|---|---|
| Basement | 6 feet and over |
| Windows | Aluminum |
| Proximity | Bicycle path, Cegep, Daycare centre, Elementary school, High school, Highway, Hospital, Park - green area, Public transport, University |
| Siding | Brick, Stone |
| Zoning | Commercial, Residential |
| Heating system | Electric baseboard units |
| Heating energy | Electricity |
| Sewage system | Municipal sewer |
| Water supply | Municipality |
| Foundation | Poured concrete |
| Window type | Sliding |
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Trifonas Terry Geramanis
Real Estate Broker
Royal LePage Classic
Real Estate Agency
4427 Boulevard Samson, Laval, QC
Independent and autonomous franchisee
