8 1/2 Rue Ste-Ursule, La Cité, QC

Unique pearl in the heart of Old Quebec! Mixed-use building with 6 apartments. Restaurant on the ground floor, which has preserved its period style (very popular with customers). 55 seats inside and a privileged access to a spacious outdoor terrace that can accommodate 70 people. Possibility to rent the commercial space.

The water tax has been estimated for the residential use of the building. ADDITIONAL INFORMATION ON THE BUILDING
RESIDENTIAL INCOME (AS OF JUNE 30, 2022): $47,820
Apartment 1) $665 (2 ½) Inclusions: semi-furnished (refrigerator and stove), hot water.
Apartment 2) $665 (2 ½) Inclusions: semi-furnished (refrigerator and stove), hot water.
Apartment 3) $730 (3 ½) Inclusions: semi-furnished (refrigerator and stove), hot water.
Apartment 4) $675 (2 ½) Inclusions: semi-furnished (refrigerator and stove), hot water.
Apartment 5) $565 (smaller, studio type) Inclusions: semi-furnished (refrigerator and stove), heat, electricity, hot water.
Apartment 6) $685 (3 ½) Inclusions: semi-furnished (refrigerator and stove), hot water. Special feature: Unit that offers a beautiful view of the river and Ile d'Orleans.
Translated with www.DeepL.com/Translator (free version)
ELECTRICITY / PLUMBING
Electricity and plumbing redone to comply with the insurers' standards. Boucher and Lortie have made an inspection report to this effect, which will be available on accepted promise to purchase.
RENTAL SECURITY SYSTEM (RECENT INSTALLATIONS)
Connected fire alarm system (residential section): $23.00/month $276.00/year Intercom security (residential section): $30.27/month $363.24/year
OTHER DETAILS ON THE OPERATING COSTS OF THE BUILDING :
In the last agreement signed, the operating expenses recovered or charged directly to the commercial tenant were as follows:
Municipal taxes (60%): $11,043 (ref. 2020) School taxes(60%): $485 (ref. 2020-2021) Water tax (60%): $900/year
Residual materials (100%): $2,600/year Electricity (100%, 2 separate meters): $8,000/year
*** Note that the above recoveries and expenses are presented for information purposes and are estimated based on normal operations. Currently, the lease has not been renewed to allow the purchaser to occupy the premises. ***