521 Notre-Dame, Joliette

Asking Price

$685,000 + GST/PST

Building area

13,429 SQ. Ft.

Land size

5,907 SQ. Ft.

Price per SQ. Ft.

$51.01

Property Description

Three-storey commercial building ideally located in the heart of downtown Joliette. The ground floor is occupied by a tenant, while the second and third floors are currently vacant, offering an excellent opportunity for optimization based on your objectives. Its strategic location, within walking distance of numerous services, presents strong repositioning potential. Accessibility, pedestrian traffic, and long-term commercial vitality make this property an attractive value-add opportunity in an area undergoing active revitalization.

Building type

in a row

Building Category

To be determined

Year built

1958

Highlights

Its city centre location maximizes accessibility, pedestrian traffic and long-term commercial appeal, while responding to current urban reinvestment trends.

Capital spendings in recent years

Plumbing and electrical systems updated in 2018 and 2019.

Section of the roof redone (elastomeric membrane – 2021).

Other information

Sale without legal warranty of quality, at the buyer’s risk and peril.

Subject to a PIIA.

Location
Building description

General Information

Cadastral number2 902 307

Total Municipal Assessment

Cadastre2 902 307
Total Municipal Assessment574 200 $
Municipal Land Assessment187 300 $
Municipal Building Assessment386 900 $

Construction

Number of Storeys3
Type of Buildingin a row
Type of ConstructionBrick, wood, steel
Year of Construction1958
Building Dimensions39,7 X 131,2 p irr

Electromechanical System

LightingLED, suspended ceilings, fluorescent lighting
Fire SystemYes
Security SystemCameras, detectors, alarm system
Existing FacilitiesGround floor commercial space, 2nd and 3rd floors vacant, basement: storage.

Parking

Type of ParkingMunicipal parking nearby
Number of Parking Spaces0

Area

Gross Area13,429 sq.ft
Leasable Surface Area11,500 sq.ft
Land Surface Area5,907 sq.ft
Building Area13,429 sq.ft
Average Surface Area / UnitTo be verified

Features

PlumbingTo be verified
Condition of RoofElastomeric membrane | a section redone in 2021
Service ContractAlarm system: $15/month
Heating SystemElectric heating, supplemental
Hot Water SystemIndependent tanks
Electrical PanelsCircuit breakers
Exterior SidingAcrylic, stucco and sheet metal
Environmental ReportPhase I – update required
Condition of Doors/WindowsOriginal
In-Building ServicesGlace nature - Artisanal Creamery
Income & Expenses

Revenue

yearly
Commercial $36,000
Lockers
Parking
Total revenues $36,000
Expenses recovery yearly
Total expenses recovery
Total Gross Income $36,000
Vac. / Bad debt
EGR $36,000

Expenses

Calc. yearly
Administration
Management Fees Current $1,080
Municipal Taxes Current $8,544
School Taxes Current $366
Insurance
Electricity Current $11,148
Heating
Snow Removal
Elevator
Lawn
Structural reserve Current $540
Janitor Estimated $360
Maintenance Estimated $1,800
WiFi
Heat pump
Système d'alarme Current $357
Total expenses $24,195
Isabelle Haché
Isabelle Haché
|
Real Estate Broker
514-968-5386 isabelle.hache@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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