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7401 Av Papineau 4,114 SF 100% Leased Retail Building Montréal, QC H2E 2G9 $1,150,000 CAD ($279.53 CAD/SF) 6.20% Cap Rate
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Investment Highlights
- Fabulous investment opportunity
- Fully residential area
Executive Summary
New on the market a detached Semi-Commercial property with excellent revenues ** Property has Residential and Commercial mixed use with 2 apartments on the 2nd floor, and main floor commerce in business approximately 40 years with a full basement. It has two 4 ½ and one depanneur / convenience store. Per month rental income is (710+710+3,000) = 4,420$. Property is well managed and maintained with a fabulous investment opportunity in a fully residential area and is close to shopping, schools, parks, restaurants, cafes, etc
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,114 SF
Building Class
C
Year Built
1949
Price
$1,150,000 CAD
Price Per SF
$279.53 CAD
Cap Rate
6.20%
NOI
$71,250 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.10 AC
Zoning
Residential/Commercial
Parking
8 Spaces (1.94 Spaces per 1,000 SF Leased)
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 6
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7401 Av Papineau
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