Rare pearl in the heart of Old Quebec! Very well maintained mixed-use building with 6 apartments on each floor. Restaurant on the ground floor, which has preserved its period style (very popular with customers). 55 indoor seats and privileged access to a spacious outdoor terrace that can accommodate 70 people. Potential gross income: $89,460.
The water tax has been estimated for the residential use of the building. ADDITIONAL INFORMATION ON THE BUILDING
RESIDENTIAL REVENUES (AS AT JUNE 30, 2021): $47,460
Logding 1) 660$ (2 1/2) Inclusions: semi-furnished (refrigerator and stove), hot water.
Lodging 2) $660 (2 1/2) Inclusions: semi-furnished (refrigerator and stove), hot water.
Lodging 3) $725 (3 ½) Inclusions: semi-furnished (refrigerator and stove), hot water.
Lodging 4) $670 (2 ½) Inclusions: semi-furnished (refrigerator and stove), hot water.
Lodging 5) $560 (smaller, studio type accommodation) Inclusions: semi-furnished (refrigerator and stove), heating, electricity, hot water.
Lodging 6) $680 (3 ½) Inclusions: semi-furnished (refrigerator and stove), hot water. Particularity: Unit that offers a beautiful view of the river and Ile d'Orleans.
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. ***
The last rent paid for the commercial space $3200/month (net). The landlord estimates that the rent would have been increased to $3500/month (net) if renewed.
Other expenses related to the operation of the business and not to the building that the tenant or landlord will have to consider:
Sanitary container (rental): $476.56/year (service currently suspended) Restaurant operating insurance: $3030/year (to be validated)