932 - 934 Mtée Champagne , Laval (Sainte-Dorothée), QC H7X3V4 - Our listings

For Sale

$925,000

932 - 934 Mtée Champagne , Laval (Sainte-Dorothée), QC H7X3V4

Remarks

Duplex residential & commercial building in a Great location of Ste Dorothee. The building has undergone a A-Z transformation and updated to todays standards since acquired. *(See addendum). Good revenues of $58920.00/year, with planned increases for the commercial unit #934 in place for the next 3 years.

- Complete renovations done, A-Z throughout interior and exterior of building. List below has all been done in 2022 are new.
1) Façade new commercial windows and commercial doors installed, commercial aluminum siding
2) Façade awning, shingles and aluminum soffit
3) Exterior envelope, vinyl siding installed
4) Exterior windows and doors
5) Roof, elastomeric membrane
6) Exterior aluminum stairs
7) Exterior balcony
8) 2nd floor apt, completely new, new divisions, insulation, hardwood flooring, ceramic flooring, heated floors (Main kitchen, dining, hallway + master bath + main bath), new kitchen, Quartz stone counters, 2 full bathrooms completely new, electrical panels, outlets and lighting, LED spotlights, painting, wall-mount with heat pump (Heat & A/C)
9) Electrical has been redone completely, all new wiring, from hydro. 3 new circuit breaker panels installed, new hydro meters
10) Plumbing system completely redone to municipal drain. underground plumbing redone throughout building and roof.
11) Insulation redone throughout building
12) Soundproofing between floors done
13) Heating system, electric baseboards throughout
14) Pave blocks perimeter building with landing for waste bins
15) Pavement redone completely
16) Aluminum soffits throughout
19) Aluminum fascia and flashing
20) Commercial space divisions and bathroom
21) Commercial cement slab completely new

- Gst/Pst Only applies for the commercial part of the building (approximately 60%)

- Residential lease @ $1560.00/ month - JUNE 30TH 2024
- As of July 1st 2024 the Rent will be $1622.00 per month

- Commercial Gross Lease 3 years starting March, 2023 - FEB 2026
1st Year lease @ 2650.00/m +GST/PST + $700.00 Business expenses total $3,350.00
2nd year lease @ $2700.00/m +Gst/Pst + $700.00 Business expenses total $3,400.00
3rd year lease @ $2750.00/m +Gst/Pst +

Inclusions:

1 Hot water tank for #934, located at #932 ground floor unit 1 wall mount Thermo-pump in apt #934

Property Summary

Neighbourhood: Est Islemère
Lot Assessment: $83,300.00
Building Assessment: $199,500.00
Total Assessment: $282,800.00
Assessment Year: 2024
Municipal Tax: $7,143.00
School Tax: $217.00
Annual Tax Amount: $7,360.00 (2024)
Lot Frontage: 45.9 Feet
Lot Depth: 90.8 Feet
Lot Size: 4167.0 Square Feet
Building Width: 35.1 Feet
Building Depth: 30.1 Feet
Built in: 1978
Bedrooms: 2
Bathrooms (Total): 2
Zoning: AGR, COMM, RESI

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932 - 934 Mtée Champagne ,
Laval (Sainte-Dorothée), QC H7X3V4

$925,000