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Income properties for sale

2635 - 2637, Rue Bélanger, Montréal (Villeray/Saint-Michel/Parc-Extension), Neighbourhood Saint-Michel

$3,750,000 +GST/QST or
$3,750,000 +GST/QST or

Income properties for sale

2635 - 2637, Rue Bélanger, Montréal (Villeray/Saint-Michel/Parc-Extension), Neighbourhood Saint-Michel

Features

Lifestyle
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Use of property
Commercial, Offices
Year built
1950
Building area (at ground level)
13,345 sqft
Lot area
22,839 sqft
Number of units
Commercial (4)
Potential gross revenue
$448,610
95

Description

2635-2637 Belanger Street is a 19,034 square-foot, fully leased, detached, commercial mixed-use urban Property with onsite parking with a total land area of 22,839 SF, located at the corner of Belanger and 2nd Ave. Situated in the heart of one of Montreal important regentrifying boroughs. The site is home to Dollarama and Chico pet stores (parent company Pet Valu) two publicly traded retailers on the TSX. Located just 600 meters from the Iberville metro station.Built in 1950, the asset currently Dollarama has a below market semi-gross lease which offers significant value add opportunity upon expiry.
Centris No. 28245064

Listing broker

Armen Markarian, Commercial Real Estate Broker

Armen Markarian

Commercial Real Estate Broker

ARMEN MARKARIAN

Commercial Real Estate Broker

Location

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Discover Montréal (Villeray/Saint-Michel/Parc-Extension)

Population (2016) 143,853
Population variation between 2011 and 2016 1%
Population density 8,692 hab/km2
Unemployment rate (2016) 11%

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property. Click here for more information.
  • Learn more about property transfer tax by clicking here.
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