376 - 390 Curé-Labelle, Chomedey

Asking Price

$5,250,000 + GST/PST

Building area

18,084 SQ. Ft.

Land size

58,266 SQ. Ft.

Price per SQ. Ft.

$290.31

Property Description

This property offers excellent frontage along the high-traffic Curé-Labelle boulevard and features private rear parking. Three stable tenants are currently in place (two daycares and a fitness centre), with over 8,000 sq. ft. of vacant leasable space offering immediate value-add potential. Zoned for mixed-use development up to 8 storeys, the site is also well-suited for a redevelopment project with ground-floor commercial and residential units above.

Building type

Detached

Building Category

Multi-Tenant Property

Year built

1986

Highlights

Development potential up to 8 storeys – T6.2 zoning

Stable income from three existing tenants (daycares + gym)

8,000+ sq. ft. of vacant space ready to lease

Dense, service-rich, and highly accessible urban sector

Other information

The sale is made without legal warranty of quality to the risks and perils of the buyer.

Electric baseboard along perimeter walls.

Location
Building description

General Information

Cadastral number1 637 670

Total Municipal Assessment

Cadastre1 637 670
Total Municipal Assessment2 529 800 $
Municipal Land Assessment$ 1 084 800
Municipal Building Assessment$ 1 445 000

Construction

Number of Storeys1
Type of BuildingDetached
Type of ConstructionSteel structure on concrete slab
Year of Construction1986

Electromechanical System

LightingTo be verified
Fire SystemFire alarm panels in the three tenant locals
Security SystemSecurity cameras
Existing FacilitiesDaycare (Units 376 and 384), Fitness Centre (Unit 378–380)

Parking

Type of ParkingExterior
Number of Parking Spaces54 spaces

Area

Gross Area18 084 sq.ft.
Leasable Surface Area18 084 sq.ft
Land Surface Area58 266 sq.ft.
Building Area18 084 sq.ft.
Average Surface Area / Unit3 014 sq.ft

Features

PlumbingCopper / ABS
Condition of RoofElastomer | Replaced in 2018 and 2019
Service ContractTo be verified
Heating SystemNatural gas and electric HVAC unts
Hot Water SystemIndepedant tanks
Electrical PanelsCircuit breakers
Exterior SidingBricks
Environmental ReportUpdated to be done
Condition of Doors/WindowsTo be verified
Income & Expenses

Revenue

yearly
Commercial $427,788
Lockers
Parking
Recovery $21,890
Total revenues $449,678
Expenses recovery yearly
Total expenses recovery
Total Gross Income $449,678
Vac. / Bad debt $13,490
EGR $436,188

Expenses

Calc. yearly
Administration Real $8,724
Management Fees Current $10,995
Municipal Taxes Current $69,493
School Taxes Current $2,026
Insurance Current $10,837
Electricity Current $756
Heating
Snow Removal Current $6,636
Elevator
Lawn Current $1,680
Structural reserve Real $4,362
Janitor Estimated $10,995
Maintenance Real $8,724
WiFi
Heat pump
Waste container Current $3,463
Total expenses $138,690
Rent roll

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John Shaghoury
John Shaghoury
Team Anthony Harchaoui
VP
|
Real Estate Broker, B.Sc.
514-502-6369 john.shaghoury@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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