212-220 Boul Saint-Luc 5,262 SF 100% Leased Retail Building Saint-jean-sur-richelieu, QC J2W 1J1 $1,900,000 CAD ($361.05 CAD/SF)

Situated at the highly visible corner of Boulevard St Luc and Highway 35, this premium retail and service asset offers investors a rare opportunity to acquire a stable income property in one of Saint Jean sur Richelieu’s strongest commercial corridors. The surrounding district is recognized for sustained population growth, high traffic counts, and exceptional accessibility, creating an environment that consistently attracts durable, service oriented tenants.
The property totals 5105 square feet on a large 20,871 square foot lot, providing a high parking ratio, strong frontage, and long-term flexibility for additional development. The building has been attentively maintained since its original 1988 construction, with recent capital upgrades that include a full roof replacement, repaved parking surfaces, and modernization of the main electrical entrances offering both 120/240 V and 600 V capacities. These improvements reduce near-term capital expenditure risk and support a variety of retail and service uses.
The asset is currently occupied by a collection of long-standing, high-quality tenants who contribute to steady revenue performance and minimal turnover. Gross annual income of approximately $128,300 is complemented by low operating expenses, further enhanced by a tenant covering 44.3 percent of building costs. This creates unusually efficient cash flow for an investor seeking secure income with minimal management intensity.
For buyers interested in future value creation, the site provides meaningful upside through the potential addition of a second floor subject to municipal approval. Combined with its exceptional corner visibility, consistent traffic volume exceeding 25,000 vehicles per day, and proximity to essential commercial amenities, this property stands as a compelling long-term investment in a vibrant, growing market.