Description

Great cross revenue property with multiple potential as investor or owner occupant investor. It is located in Triple AAA location in highly demanded Plateau area . see addendum for more details! lots room still for optimization for new investor buyer(s) Vendor has done lots of improvements and has increased revenues and secured a triple net lease with established Benjamin Moore franchise owners La Cité Des Peintres Inc.

Semi-commercial 1 commercial local & 8 residential studio appt Unit(s)

Commercial Building description: -200 Rachel street (commercial premises retail store) -1st floor; store with mezzanine office -Basement with 6 feet and more ceilings for inventory storage. -Loading dock with garage door Rental income: Tenant Occupied:$5248.00/month (As of June 1st, 2025) additional rent(50 % recovery for building Exp) Annual $11591.00/ Monthly $966.00)

Gross Income : $6214.00 per month /Annual $74568.00

Description residential apartments: 204 Rachel 2 floors - 4 units per floor common hallway w/storage lockers and staircase studio apartments rental income: $7626.00 per month / Annual $91512.00

Gross Income : $13,840.00 per month / Annual $166,080.00 ( Commercial & Residential)

Building Expenses

Municipal Taxes 2025: $14632.00(R) School taxes 2025: $849.00 (R) Insurance 2025: $7701.00 (R) (50% recovery total = $11591.00 )

Total expense: $11591.00 (R) Hydro 2025: $5591.00 (residential only no recovery)

Total expenses: $17182.00 Annual or $1431.83/Month

NOI: $13,840/Month or $166080.00(annual)

Signed leases and financials where applicable applicable to a PPG offering.

Sale with exclusion(s) of legal warranty: This sale is made without legal warranty at the buyer's risk.

-3 residential units fully renovated (2025) Bathrooms, kitchenettes, flooring, lighting, appliances, painted -Common areas & corridors updated & painted (June 2025) $60,000+ invested commercial exterior& Interior freshly painted & upgraded leasehold improvements (2024--2025) -Basement remediated with new cement slab and completed Phase 1-4 environmental reports. -- $100,000 + invested total

Location: AAA corner property with high pedestrian/vehicular visibility in the heart of Plateau Mont-Royal. Steps from bus stops, metro stations, downtown Montreal, McGill & Concordia University, Mont-Royal Mountain, shopping, and all urban conveniences.