Villeray/Saint-Michel/Parc-Extension (Montréal)8515 9e Avenue

19898.16 pi2
1,800,000 $ + taxes
Centris No. 15634854
Newly renovated commercial/office building with over 19,800sf of usable space on 4 levels. This building is conveniently located near Boul. St-Michel & Hwy 40. Features 8 int & 5 ext parkings. Generous open concept spaces are ideal for health centers, medical offices, IT companies, arts, etc. Also offers a Rooftop Organic Greenhouse w/solar panels.
*Capitalized lease valuation of the property:*

- Square feet per floor - 5,100 - Total square feet 20,400 - Lease rate of $12.00 per square foot Triple Net - Number of floors - 4 - Lease per floor - $61,200 - Total NNN rent for the building - $244,800

At 8% Cap Rate: $3,060,000

The property features:

- 16 foot ceilings at the penthouse level; - 24 x 7 Power, Natural Gas & Centralized Ventilation; - Hot Water Heating System; - Fiber Optics Internet; - Lift & Exterior Loading Dock;

Recent renovations:

**Furnace / Heating equipment** - Steamboiler & heaters refitted - Electrical repairs to the furnace - Installation of new aerotherms (heaters) - Duct pipes retrofitted and re-installed

**Brick & Masonry Works** - Brick, masonry and structural retrofit completed - Masonry re-pointing - Repaired and replaced bricks on front fa├žade and general clean up of wall - Repaired cement cracks in wall in back part of building - Masonry and cement repairs done throughout building inside

**New Roofing** - Flashing removed on roof and bricks reset retrofitted and repointed - Repaired roofing supports - New roofing installed

*New Windows* - 2x new aluminium windows installed 120" x 63" - Window framing cleaned & repaired

**Electrical works** - New electrical wiring installed and retrofitted - Reinstallation of existing lighting & electrical wiring on all floors - New electrical wiring for heaters & controls

**Parking & Entrance**: Side walk and driveway repayment

**Environmental remediation completed**

**In each floor**: - Gyprock, plaster, plaster repairs and insulation - Paint, dry fall paint and block filler paint - Close and realigned all drain and water pipes for one sink and toilet (for the 1st floor) - Cement parking - Cement cleaning floor and paint

- Approximate annual Gaz cost: $16.000; - Approximate annual Hydro cost: $3.500;

**The sf included in the listing is as per the municipal evaluation**

Location

Specifications

  • DrivewayAsphalt
  • Heating systemForced Air Heating, Electric baseboard units
  • Water supplyMunicipality
  • Heating energyElectricity, Natural gas
  • Easy accessElevator
  • WindowsAluminum, PVC
  • FoundationPoured concrete
  • SidingBrick
  • Distinctive featuresEnvironmental study phase 1
  • ProximityHighway, Public transport
  • ParkingOutdoor, Garage
  • Sewage systemMunicipal sewer
  • RoofingAsphalt and gravel
  • ZoningCommercial, Industrial

Rooms

RoomStoreyDimensionsFlooringNotes

Assessment, taxes and other expenses

  • Building evaluation914,000 $
  • Lot evaluation77,900 $
  • Evaluation total991,900 $
  • Assessment year2015

Contact

Amy Assaad
Certified Real Estate Broker