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.