Exceptional investment opportunity in a semi-commercial triplex located in the Promenade Ontario district, near Joliette metro station. The property features a well-established tenant with strong rental income, including a commercial unit leased to a popular restaurant franchise (Boustan). The restaurant has been fully renovated and benefits from a stable business with a solid lease agreement: 10 years plus a 10-year renewal option. The triplex also includes two spacious residential units, offering potential for additional revenue. The building is meticulously maintained, with a new roof installed in 2018. Additionally, the large basement, measuring 6 feet in height, provides two side entrances and ample storage. The property includes three parking spaces at the rear. With a stable annual income of $74,436 and a long-term investment guarantee, this is an opportunity not to be missed. The rent of unit 3413 will be increased to at least $ 1,750 soon. The rent of 3417 will be increased after 2 years. The revenue of the total after 2 years will be around 100k per year.
MLS#: 27332945
Property type: Triplex
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About this property
Property
Category | Multi-family (2 to 5 units) |
Building Type | Attached |
Year of Construction | 1910 |
Building Size | 25x82.40 F |
Lot Area Dimensions | 25x110 F |
Lot Surface Area | 2766 SF |
Details
Water supply | Municipality |
Heating energy | Electricity |
Foundation | Poured concrete |
Proximity | Public transport |
Siding | Brick |
Sewage system | Municipal sewer |
Roofing | Elastomer membrane |
Zoning | Commercial |
Zoning | Residential |
Rooms Description
Rooms: 6
Bedrooms: 3
Bathrooms + Powder Rooms: 1 + 0
Not available for this listing.
Inclusions
Not available for this listing.
Exclusions
All the tenant personal belonging.
Commercial Property
Business Name | Boustan |
Lease Expiry | Yes |
Lease Is Renewable | Yes |
Without Legal Warranty | Yes |
Units
Total Number of Units | 3 |
Revenue Opportunity
Not available for this listing.
Renovations
Not available for this listing.
Rooms(s) and Additional Spaces - Intergenerational
Not available for this listing.
Assessment, Property Taxes and Expenditures
Expenditure/Type | Amount | Frequency | Year |
---|---|---|---|
Building Appraisal | $ 552,200.00 | 2023 | |
Lot Appraisal | $ 282,700.00 | 2023 | |
Total Appraisal | $ 834,900.00 | 2023 | |
Municipal Taxes | $ 10,953.00 | Yearly | 2023 |
School taxes | $ 663.00 | Yearly | 2023 |