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5071 Av Papineau
Montréal, QC H2H 1V9
Retail Property For Sale
Investment Highlights
- Heavy daytime traffic
- Each apartment has 2 balconies
- Corner location with 4 huge x 6.5 apartments and a daycare on ground floor
Executive Summary
In the Plateau: Highly visible condo property with 50' frontage on Plateau Mont-Royal corner of Papineau/Laurier. 4 huge 6 1/2 apartments with 2 balconies each and 1 2,200 sf commercial unit on the ground floor- Daycare! The commercial local plus four 6.5 apartments make up a single condo unit so condo fees apply. The commercial condo is leased to a daycare operator. Located on Papineau Avenue. The commercial lease offers interesting contractual growth and residential tenants pay their own electricity. There will be taxes (GST&PST) on the purchase since there is a commercial local.
IMPORTANT: The seller is willing to discuss a balance of sale (finance) to the right Buyer.
IMPORTANT: The seller is willing to discuss a balance of sale (finance) to the right Buyer.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,598 SF
Building Class
C
Year Built/Renovated
1924/2010
Price
$1,402,605 USD
Price Per SF
$212.58 USD
Cap Rate
5.20%
NOI
$72,935 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.90
Lot Size
0.05 AC
Frontage
47’ on Papineau Ave
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