Property for Sale in Villeray / Saint-Michel / Parc-Extension

Exceptional concrete building on a very strategic commercial artery in the borough of St-Michel. Rare opportunity for an owner occupant seeking a volume of space with on-site parking and excellent visibility.

The ground floor unit situated at 3255 rue Belanger is leased to Centre Visuel St-Michel (Optometrist). The initial lease term expires on October 31st, 2027 and is subject to renewal options. The monthly rent is $1850 plus GST and QST. The Lessee is responsible to pay 50% of all building operating costs. The Lessee also pays the cost of heating, hot water, and electricity servicing the premise.
The second floor premise situated at 6955 boul St-Michel is leased to a Self-Defense Academy on a month-to-month basis. The monthly rent is $2000 inclusive of GST and QST. Heating, hot water, and electricity is paid by the Lessee. Occupancy by the purchaser of the second floor is possible.
A 10 year lease contract was signed with Potto Digital Advertising Company for publicity signage to be installed on the exterior of the building. The potential annual revenue is $50,000 plus GST and QST. This lease contract is conditional on a permit from the municipality. If the lessee is unable to obtain a permit, this lease contract is null and void. The buyer is responsible to verify the status of the permit with the borough and the validity of this lease contract.
Please contact the listing broker for more details.