Excellent investment opportunity with good return, right in the heart of Ste-Adèle. Commercial first floor with 2 apartments (3 1/2 + 4 1/2), highly sought-after because within walking distance of everything you need: grocery store, pharmacy, Parc de la Famille, nice little cafés and even a movie theater!

Excellent investment opportunity with good return, right in the heart of Ste-Adèle. Commercial first floor with 2 4 1/2 units always rented, as it's within walking distance of everything you need: grocery store, pharmacy, Parc de la Famille, nice little cafés and even a movie theater!
The first floor has been home to an art gallery/restaurant for over 15 years. The current tenant has a 2-year lease, with an option for a further year when he's ready to retire. It would then be very easy to convert into a restaurant/café and exploit the small terrace in front.
The 2 other 4 1/2 apartments each have a small terrace and 2 parking spaces at the rear of the building.
TENANTS: the commercial premises (art gallery) have a lease for 2 years, with an option for a further year. 1 apartment has been occupied by the same tenant for over 10 years (but under 70), and the other is leaving at the end of August, so is available to the new owner. If you're looking to re-let, Ste-Adèle's housing shortage means you'll be spoilt for choice of tenant, given the building's enviable location.
Ste-Adèle offers a quality of life much appreciated by its residents, without the tourist hustle and bustle of St-Sauveur, though only 8 minutes from the village. An exceptional outdoor network attracts nature lovers, and Lac Rond offers a free beach for Adélois. Finally, there are a number of excellent restaurants for gourmets.
*Please note that the property is subject to the Goods and Services Tax and the Quebec Sales Tax, and that the taxable proportion is 50%.
*Measurements of living area are approximate and taken from an application.