600 - 602 Galt Ouest, Mont-Bellevue

Asking Price

$5,500,000 + GST/PST

Building area

54,658 SQ. Ft.

Land size

50,429 SQ. Ft.

Price per SQ. Ft.

$100.63

Property Description

Commercial building of 54,658 sq ft, a rare opportunity in the heart of Sherbrooke. Built on a lot of 50,429 sq ft located on the Galt West corridor, this site benefits from zoning allowing for multiple commercial and residential uses. Located in an area targeted by the City for densification and mixed uses, near the Université de Sherbrooke, services, and downtown, it offers excellent redevelopment potential in a growing sector.

Building type

Detached

Building Category

Multi-Tenant Property

Year built

1973

Highlights

Maison Bureau et Bureau may remain as a tenant following the transaction at for up to 3 years.

The 7,100 sq. ft. Unit 602 is occupied by Corbeil, subject to the current lease.

Intensification and redevelopment potential.

Transforming corridor with strong leasing demand.

Value-creation potential through optimization of permitted uses.

Capital spendings in recent years

Over $455,000 invested since 2017

Partial roof replacement (2017): $220,000

2nd floor lighting modernized ($40,000)

3 bathrooms renovated ($45,000)

Facade undergoing modernization: siding, masonry, signs, and lighting ($150,000)

Other information

Corbeil 7100 sq ft

Maison Bureau Bureau 13,787 sq ft + Ground floor: 29,677 sq ft

10,185 sq ft of storage/loading dock (common area)

Basement of 1,340 sq ft. (common area)

2 Loading docks

2 Lifts: storage section (mobile and freight elevator)

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

Location
Building description

General Information

Cadastral number1 030 720

Total Municipal Assessment

Cadastre1,030,720
Total Municipal Assessment3,452,100 $
Municipal Land Assessment983,900 $
Municipal Building Assessment2,468,200 $

Construction

Clearance Height9,3 à 27,6 ft
Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1973
Building Dimensions54,658 sq ft

Electromechanical System

LightingLED lighting (2nd floor)
Fire SystemYes
Security System3 int cameras + 1 ext
Existing FacilitiesN/A

Parking

Type of ParkingOutdoor
Number of Parking Spaces36 spaces

Area

Gross Area54,658 sq ft
Leasable Surface Area54 658 sq ft
Land Surface Area50,429 sq ft
Building Area54,658 sq ft
Average Surface Area / UnitN/A

Building type

Commercial

Features

PlumbingCopper, ABS
Condition of RoofElastomeric membrane, Insulation, redone in 2017
Service ContractFreight elevator, air conditioning/heating, security system
Heating SystemAir conditioning and ventilation: Forced air with electric rooftop units
Hot Water SystemHot water radiators with natural gas boiler
Electrical PanelsCircuit breakers - 400 A / 600 V AC
Exterior SidingBeige roughcast/stucco and red-brown brick siding
Distance from fire station and hydrantFire station ± 3 km
Environmental ReportPhase II Environmental study (2021) favorable
Condition of Doors/WindowsGood condition 2000 - Facade sealant 2026
In-Building ServicesMBB (Maison Bureau Bureau) Corbeil Électroménager
Rent roll

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Karine Thérien
Karine Thérien
Team Jessika Lahaie
|
Real Estate Broker
438-220-7700 karine.therien@pmml.ca
Property Photos
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