7211-7219 Saint-Denis - Apartments FOR SALE


Montréal, QC
$5,200,000 CAD
514-683-6666
7211-7219 Saint-Denis, Montréal, QC for Sale
$5,200,000 CAD
Apartments - FOR SALE
1/12
null | 4.34% Cap Rate

7211-7219 Saint-Denis
Montréal, QC


HIGHLIGHTS

  • Beautiful semi-commercial property located in the heart of Villeray
  • Prime location, just 150 m from Jean-Talon metro station, steps away from Jarry Park and Jean-Talon Market
  • Steel deck construction with electrical heating and hot water paid by the tenants.
  • Solid commercial tenant with long-term lease.
  • Owned by the same family since it was built in 1978. First time on the market in over 45 years.
  • Commercial space represents 21.7% the total building square footage with possibility to qualify for a CMHC MLI SELECT financing

OVERVIEW

Superb semi-commercial property in the Heart of Villeray. Just 150 m from Jean-Talon metro station. Within walking distance of Jarry Park and Jean-Talon Market. Well-maintained steel deck concrete building with many renovations: balconies, brickwork, windows, and patio doors. Excellent tenants, including a daycare with a long-term lease. Heating and hot water are paid by residential tenants. Strong potential to increase residential rental income. Owned by the same family since it was built in 1978. First time on the market in over 45 years. Eligible for advantageous CMHC MLI Select financing. A rare investment opportunity not to be missed! LOCATION Located in the heart of Villeray, just 150 meters from Jean-Talon metro station, a key hub on the Orange and Blue lines. Walking distance to Jean-Talon Market and Jarry Park. Nearby: Parks: Jarry Park Shopping streets: Plaza St-Hubert, Jean-Talon, St-Laurent (Little Italy) Metro: Jean-Talon (150 m, 2-minute walk) Orange & Blue Lines Hospital: Jean-Talon Hospital Schools & Universities: UdeM, UQAM, McGill, Concordia, Collège Ahuntsic, André-Grasset Walk Score: 99 | Bike Score: 100 BUILDING 8 x 3½ units and 4 x 4½ units | Total: 12 residential units Steel deck construction Heating: Electric, paid by tenants Hot water: Electric water heaters, paid by tenants Wall-mounted A/C and washer/dryer hookups in every unit Renovations : Windows (2023 | 117,000$), brick (2023 | 115,000$), balconies and patio doors COMMERCIAL 7217 St-Denis is leased to a quality tenant operating a daycare. Area: 4,330 sq. ft. Lease: 2023-09-01 to 2028-08-31 Renewal options: 2 x 5 years Base rent: $7,824/month Additional rent: $2,200/month (taxes & CAM recovery) Annual increase: Lower of 3% or CPI (renews in September) ADVANTAGEOUS FINANCING Potential to qualify for CMHC MLI Select financing with the energy efficiency and/or affordability criteria. Commercial area represents 21.7% of the building’s total square footage.

FOR SALE DETAILS

PRICE

$5,200,000 CAD

PRICE/SF

$350 CAD /SF

# OF UNITS

12

PRICE/UNIT

$433,333

CAP RATE

4.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,748 SF

ZONING

C.2, H.3-H.4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Marc-André KnotImmeubles GloriaMore Info
514-683-6666

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Marc-André KnotImmeubles GloriaMore Info
514-683-6666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.