160 Commerciale, Maniwaki

Asking Price

$799,900 + GST/PST

Building area

12,070 SQ. Ft.

Land size

16,668 SQ. Ft.

Price per SQ. Ft.

$66.27

Property Description

Impressive 12,000 sq. ft. commercial building with a robust steel and concrete block structure, ensuring durability and strength. Currently occupied by a Rossy retail store, providing stable tenancy. With a walk-out loading area at the rear, facilitating deliveries. Clear heights of 12 feet on the ground floor and 10 feet in the basement.

Building type

Detached

Building Category

Single Tenant

Year built

1965

Highlights

Profitable from day one with a stable tenant since 1987.

Potential for owner-occupancy depending on the current lease.

Well-renovated with a new roof (2019) and refurbished façade (2008).

Strategic location in the heart of downtown Maniwaki.

Capital spendings in recent years

New roof (2019) and renovated facade (2008).

Other information

Guaranteed income from the moment of purchase.

Easy delivery access with a loading area at the back of the building.

Includes two bathrooms and a loading area.

Leases expire in 2029 with renewal options.

This sale is made without legal warranty of quality, at the buyer’s risk.

Location
Building description

General Information

Cadastral number2 983 989

Total Municipal Assessment

Cadastre2 983 989
Total Municipal Assessment$ 754 000
Municipal Land Assessment$ 66 200
Municipal Building Assessment$ 587

Construction

Number of Storeys1
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1965

Electromechanical System

LightingFluorescents
Fire SystemSprinklers
Security SystemTo be verified
Existing FacilitiesRossi Store

Parking

Type of ParkingExterior
Number of Parking SpacesTo be verified

Area

Gross Area12 070 ft.sq.
Leasable Surface Area12 070 ft.sq.
Land Surface Area16 968 ft.sq.
Building Area12 070 ft.sq.
Average Surface Area / Unit12 070 ft.sq.

Features

PlumbingCopper, ABS
Condition of Roof2019
Service ContractN/A
Heating SystemElectrical Furnace & electrical baseboards
Hot Water SystemTo be verified
Electrical PanelsTo be verified
Exterior SidingBrique, Canexcel, steel
Environmental ReportTo be verified
Condition of Doors/WindowsAluminum (Good condition / in working order)
Income & Expenses

Revenue

yearly
Commercial $146,004
Lockers
Parking
Total revenues $146,004
Expenses recovery yearly
Total expenses recovery
Total Gross Income $146,004
Vac. / Bad debt
EGR $146,004

Expenses

Calc. yearly
Administration
Management Fees
Municipal Taxes Current $16,885
School Taxes Current $594
Insurance Current $10,144
Electricity Current $45,677
Heating
Snow Removal
Elevator
Lawn
Structural reserve
Janitor
Maintenance Current $4,356
WiFi
Heat pump
Total expenses $77,656
Rent roll

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Elias Toth
Elias Toth
VP
|
Real Estate Broker | Real Estate Agent, B.B.A.
819-664-6884 elias.toth@pmml.ca
Property Photos
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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