Commercial building/Office for sale - Westmount
$2,950,000 +taxes

4565 - 4567 Rue Sherbrooke O., Westmount, Montréal

Listing brokers : Brigitte I. Burdman - Engel & Völkers ● Orly Benchetrit - Engel & Völkers ● # 19115090

3,338 pc

3,125 pc

1919

Description

RARE COMMERCIAL/RESIDENTIAL: An exceptional turnkey investment in prime Westmount. Completely rebuilt from the studs in 2019, this detached, heritage-style property features beautiful landscaping, immense curb appeal, two prime commercial spaces, and a luxury residential unit. Set between two parks, it boasts top walkability, easy transit access, 1.5 indoor garages, and two exterior parking spaces. Located in a prestigious neighbourhood with permanent demand, it delivers strong rental income. Westmount property values have experienced strong and steady growth over the past five years, driven by consistent market appreciation year after year.

Details

Driveway: Asphalt

Water supply: Municipality

Garage: Fitted

Kind of commerce: Health centre

Type of business/Industry: Service

Proximity: Highway; Public transport

Basement: 6 feet and over; Finished basement

Parking (total): Outdoor (2); Garage (1)

Sewage system: Municipal sewer

Zoning: Commercial; Residential

Addenda

RENTAL UNIT DETAILS AND REVENUES

* GROSS REVENUE -- $143.696

* 4567 RUE SHERBROOKE O. - TENANT OCCUPIED

* Residential apartment
* Unit type - 6 1/2
* Bedrooms - 4
* Bathroom - 2
* Current Rent - $5,405
* Included in the rent - Appliances (Refrigerator, stove+fan, dishwasher, microwave, washer/dryer), heating (gas heating to 20 degrees baseline only, heat pumps at tenant expense), 2 wall-mounted mini-splits (hot & cold), 1 indoor parking, general maintenance, garage, snow removal and gardening, and storage in basement.
* Excluded from the rent - electricity, cable, internet
* Renovations - Completely renovated in 2019-2020
* Occupancy date - as per lease, which expires on 2027-06-30

* 4565 RUE SHERBROOKE O. - TENANT OCCUPIED

* Business - Clinique Esthétique
* Unit type - Commercial, ground floor
* Current Rent - $4,400 + GST/QST
* Included in the rent - appliances, heating (gas heating to 20 degrees baseline only, heat pumps at tenant expense), municipal and school taxes, 2 outdoor parking, general maintenance, snow removal and gardening
* Excluded from the rent - cable, internet, electricity
* Renovations - Completely renovated in 2019-2020
* Occupancy date - As per lease which expires on 2029-04-30 with option to renew

* 4565C RUE SHERBROOKE O.: TENANT OCCUPIED

* Business - Import and distribution
* Unit type - Commercial, basement
* Current Rent - $2163.00 + GST/QST
* Included in the rent - gas heating to 20 degrees baseline only, heat pumps at tenant expense, municipal and school taxes, general maintenance, snow removal and gardening
* Excluded from the rent - electricity, cable, internet
* Renovations - renovated in 2021
* Occupancy date - as per lease, which expires on 2027-04-30 (option to renew)

GENERAL:

* All 3 rental units, exterior of building and grounds completely renovated in 2019-2021, including:

* New windows, doors and exterior moldings and trim work

* New roof

* New electrical panels and wiring

* Extensive plumbing

* New soundproofing and insulation

* New and refinished floors

* New appliances and heat pumps

* New kitchen and bathrooms

* New deck, re-landscaped and new sprinkler system

* Newly finished commercial basement unit with bathroom and shower in 2021

* Over $450,000 in total renovations

* Grandfathered for commercial use for unit 4565 and 4565C by City of Westmount