Laurent Paquin
| Team Laurent Paquin et Mélissa Jacob
Executive VP
|
Real Estate Broker | PMML Partner
Mélissa Jacob
| Team Laurent Paquin et Mélissa Jacob
Executive VP
|
Real Estate Broker | PMML Partner
Exceptional real estate asset offering a solid tenant base composed of highly reputable occupants, in place for several years and bound by long-term commitments. The building has undergone significant modernizations and rests on a durable structure, designed to withstand the test of time. A distinctive opportunity for an investor seeking performance, security, and quality in a thriving market.
Located in the Villeray district, in the Villeray–Saint-Michel–Parc-Extension borough, a dynamic residential and commercial sector of Montreal.
Papineau Avenue is a major north-south artery in Montreal, well-served by public transport and connected to the city's main thoroughfares, which promotes visibility and access.
The building was entirely renovated in 2021 (facade, roof, windows, common areas), and offers attractive commercial/office spaces for lease.
The site is approximately a 10-minute walk from Fabre metro station (Blue line), and Papineau Avenue offers parking without meters or permits outside of peak hours, which facilitates access for employees and clients.
| Cadastral number | 3 790 947 |
| Land size | 7 245 SQ. Ft. |
| Total Municipal Assessment | 2 449 000 $ |
| Municipal Land Assessment | 639 400 $ |
| Municipal Building Assessment | 1 809 600 $ |
| Number of Storeys | 2 |
| Type of Building | Attached |
| Type of Construction | Brick and wood |
| Year of Construction | 1961 |
| Building Dimensions | 75' x 82' (irr.) |
| Fire System | Smoke detectors |
| Security System | To be verified |
| Existing Facilities | Offices |
| Number of Parking Spaces | 6 spaces |
| Gross Area | 10 975 sq. ft. |
| Leasable Surface Area | 10 975 sq. ft. |
| Plumbing | Copper and PEX |
| Condition of Roof | 2022 |
| Service Contract | Yes |
| Heating System | Electric and rooftop HVAC unit |
| Hot Water System | To be verified |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, facade refurbishment (2020-2021) |
| Environmental Report | To be verified |
| Condition of Doors/Windows | Window refurbishment (2020-2021) |
| yearly | $ / PI² | |
|---|---|---|
| Commercial | $204,192 | $18.61 |
| Lockers | ||
| Parking | ||
| Revenu Potentiel | $16,120 | $1.47 |
| Total revenues | $220,312 | $20.07 |
| Expenses recovery | yearly | $ / PI² |
| General Recovery | $109,061 | $9.94 |
| Total expenses recovery | $109,061 | $9.94 |
| Total Gross Income | $329,373 | $30.01 |
| Vac. / Bad debt | ||
| EGR | $329,373 | $30.01 |
| Calc. | yearly | $ / PI² | |
|---|---|---|---|
| Administration | |||
| Management Fees | |||
| Municipal Taxes | Current | $76,296 | $6.95 |
| School Taxes | Current | $2,042 | $0.19 |
| Insurance | Current | $5,756 | $0.52 |
| Electricity | Current | $20,934 | $1.91 |
| Heating | |||
| Snow Removal | Current | $1,025 | $0.09 |
| Elevator | |||
| Lawn | |||
| Structural reserve | Real | $3,294 | $0.30 |
| Janitor | Current | $8,362 | $0.76 |
| Maintenance | |||
| WiFi | |||
| Heat pump | |||
| Total expenses | $117,709 | $10.73 |
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