78 Rue St Louis, Longueuil (Le Vieux-Longueuil), QC J4R
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78 Rue St Louis, Longueuil (Le Vieux-Longueuil), QC J4R

$1,490,000

  • 0 Bedrooms
  • 0 Bathrooms
  • 1909
  • MLS: 20042776

Description

Rev Brut 120900$, Expenses 28336$, Rev Net 92564$. Excellent investment opportunity offering great value in a strategic location. Two-storey commercial building occupied by long-established, reputable tenants, ensuring stable rental income and solid returns. The property has been fully renovated and well maintained over the years. It includes 11 parking spaces at the rear - a rare advantage in this area. Located in a rapidly developing sector near the Victoria and Jacques-Cartier bridges, the property enjoys high visibility on a busy main road.

Gross Income = 120900$ Expenses = 28336$ Net = 92564$

Excellent investment opportunity offering great value in a strategic location. Two-storey commercial building occupied by long-established, reputable tenants, ensuring stable rental income and solid returns. The property has been fully renovated and well maintained over the years. It includes 11 parking spaces at the rear - a rare advantage in this area. Located in a rapidly developing sector near the Victoria and Jacques-Cartier bridges, the property enjoys high visibility on a busy main road.

*List of Work Completed Since May 2024:**

**2024

- Replaced 5 water heaters (out of 7) - Completely overhauled the plumbing in the basement and replaced all questionable pipes and fittings - Poured new concrete support pillars in the basement of unit 84 - Repaired exterior staircase (welding, painting) and anchored it to the building - Full inspection of the building's electrical systems - Replaced the main electrical panel for unit 80 - Replaced the electrical panel for unit 78-B-101 - Repainted the parking lot lines - Complete caulking of the glass canopy - Installed new ceramic flooring at the entrance of 78-B - Repaired and repainted the entire atrium of 78-B - Installed a thermostatic fan in the glass canopy gable for better temperature control - Replaced wooden roof cable supports with galvanized steel brackets - Full perimeter inspection and replacement of caulking where needed - Installed a new sump pump in the basement of 78 - Installed a new terrace light fixture at 82 - Installed a new control system for the exterior parking lights

***2025

- Repaired plaster and fully repainted unit 78-B-102 - Repaired and partially rebuilt the rear rooftop terrace - Fully stained the rear rooftop terrace - Complete renovation of unit #82 (residential rental apartment) - Excavated and replaced the sealed basement window panels - Waterproofed the foundation up to the level of the sealed windows (entire front façade) - Fully rebuilt the front facade (steps, railings, guardrails, planters, etc.)

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EXCLUDED
Tenant Articles.
ROOM DETAILS
Room Dimensions Level Flooring
N/A
BUILDING
Type Commercial building/Office
Style Semi-detached
Dimensions 0x27.8 M
Lot Size 0
EXPENSES
Insurance $ 5260 / year
Energy cost $ 644 / year
Snow removal / Lawn mowing $ 2070 / year
Municipal Taxes (2025) $ 19734 / year
School taxes (2025) $ 629 / year
CHARACTERISTICS
Windows Aluminum, PVC
Driveway Asphalt
Siding Brick
Zoning Commercial, Residential
Roofing Elastomer membrane
Heating system Electric baseboard units
Heating energy Electricity
Distinctive features Environmental study phase 1
Basement Low (less than 6 feet)
Sewage system Municipal sewer
Water supply Municipality
Parking Outdoor
Foundation Poured concrete
Proximity Public transport
Type of business/Industry Retail, Service
This property is presented in collaboration with RE/MAX DYNAMIQUE INC

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