For Sale

$1,190,000

+GST/QST

221 Ch. Principal , Les Îles-de-la-Madeleine, QC G4T1C8

Detached

Remarks

Do you dream of settling in the Iles-de-la-Madeleine? There are many possibilities with this strategically located building in the Quartier du Quai, close to all amenities! This operating inn (with $137,000 in revenue in 2024) is ideal for an owner-occupier and their project, benefiting from the foot traffic of downtown Cap-aux-Meules. The large loft on the ground floor is equipped with a commercial kitchen and large multipurpose spaces. Ideal for a restaurant or business, while retaining rental income from the upstairs rooms. Located in the new Écoquartier des Iles project, find out more.

This huge building was constructed from concrete blocks in 1969 to house the islands' general store and its owners on the upper floor. Steeped in remarkable history, it has undergone a facelift in recent years under its current owner.
Fully operated as a hostel in Cap-à-l'Est on AIRBNB with CITQ commercial. It currently consists of: -1 large loft occupying the entire ground floor -1 spacious loft with panoramic views at the front of the second floor -6 bedrooms and 2 shared bathrooms in the auberge section at the rear of the second floor.

Inclusions:

Furnished and equipped as seen.

Exclusions:

Some antiques and works of art from the seller's personal collection.

Property Summary

  • Neighbourhood: Cap-aux-Meules
  • Building Style: Detached
  • Lot Assessment: $51,600.00
  • Building Assessment: $399,100.00
  • Total Assessment: $450,700.00
  • Assessment Year: 2025
  • Municipal Tax: $15,535.00
  • School Tax: $359.00
  • Annual Tax Amount: $15,894.00 (2025)
  • Lot Frontage: 15.51 Metre
  • Lot Depth: 46.65 Metre
  • Lot Size: 659.0 Square Metres
  • Floor Space (approx): 6395.0 Square Feet
  • Total Area: 3197.0
  • Built in: 1969
  • Zoning: COMM

Property Features:

  • Type of Business:
    Inn
  • Type of Operation:
    Service

Building Features:

  • Heating System:
    Forced air , Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity , Propane
  • Equipment/Services:
    Other , Wall-mounted air conditioning , Electrical input , Wall-mounted heat pump
  • Windows:
    Aluminum , PVC
  • Foundation:
    Poured concrete
  • Distinctive Features:
    Other
  • Siding:
    Wood , Brick , Stucco
  • Sewage System:
    Municipality
  • Roofing:
    Elastomeric membrane

Expenses (annual)

  • Insurance
    $14,358.00
  • Maintenance
    $23,702.00
  • Other
    $8,722.00

Office Listing: 

Elodie Gagné Courtier immobilier résidentiel et commercial

Lifestyle
Neighbourhood Info
Sonia Nepton

Sonia Nepton

Real Estate Broker

Sonia Nepton Courtier immobilier Inc.

Phone:  819.868.5000

Mobile:  819.349.3784

Fax:  819.868.9321

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Royal LePage Au Sommet, Real Estate Agency (Independently owned and operated)

250 Rue Principale Ouest
Magog,  QC J1X2A5

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