10819653 | 51 Rue Rachel O.

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51 - 53 Rue Rachel O.
Montréal (Le Plateau-Mont-Royal) , Le Plateau-Mont-Royal
QC , H2W1G2 , CAN

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Adrian Blazevic

Real Estate Broker

Phone: 514.419.9888

Cell: 514.967.5647

My Website

Email Me

Royal LePage du Quartier

Real Estate Agency:

6971 Ch. Côte-de-Liesse, #C

Montréal (St-Laurent), QC
H4T1Z3

Phone: 514.419.9888

Fax: 514.419.7289

Company Website

$1,050,000.00

MLS® 10819653

Revenue Prop.

Lot Assessment:	$446,200.00
Building Assessment:	$288,000.00
Total Assessment:	$734,200.00
Municipal Tax:	$16,092.00
School Tax:	$594.00
Annual Tax Amount:	$16,686.00 (2024)
Lot Size:	1709.0 Square Feet
Building Width:	12.32 Metre
Building Depth:	5.95 Metre
Floor Space (approx):	3068.0 Square Feet
Built in:	1972
Total Bedrooms:	2
Total Bathrooms:	1
Zoning:	COMM, RESI

Exceptional investment opportunity for entrepreneurs or developers. This mixed-use building features:
1 commercial space currently vacant (was a restaurant) at 51 Rue Rachel O.
1 residential unit at 53 Rachel O.
1 residential unit at 4200 Rue Clark

Commercial Component:
The restaurant was leased under a net lease, with the tenant responsible for a business tax recovery of $7,000 annually plus GST and QST. The annual income generated was $28,800 plus applicable taxes.

Please note, the commercial portion of the building is subject to GST and QST sales taxes.
*Note: Restaurant area is approximate based on city calculations.

Residential Component:

The second floor houses two residential units, each comprising 2 bedrooms, a living room, a kitchen, and a renovated bathroom. Tenants cover their own heating costs.

4200 Rue Clark: $10,560 (as of July 1, 2023).

53 Rue Rachel ). is currently vacant. Potentially can be rented for $1500 per month. Newly renovated bathroom and new floating floors installed.
***The building is situated in a C.2 and H.4 zoning area, allowing for up to 3 floors and potentially 4 to 8 dwellings, subject to verification by the buyer with the City of Montreal.***

RECENT IMPROVEMENTS:

2009: Masonry and windows
2013: Acoustic insulation (commercial space)
2015: Floating floors and painting (53 Rue Rachel)
2017: Roof
2022: Bathroom renovations in residential units

Inclusions: Apartment # 53 Rachel O. Includes the dishwasher and light fixtures. Apartment #4200 Clark: Includes the fridge, stove, and hotwater tank.

Exclusions: The restaurant, 51 Rachel O., excludes the restaurant appliances, equipment, furniture, and all other effects belonging to the business.

Building Features:

Style:
Heating System: Electric baseboard units
Water Supply: Municipality
Heating Energy: Electricity
Proximity: CEGEP , Daycare centre , Hospital , Metro , High school , Public transportation , University
Renovations: masonry , Other , Fenestration , Roof covering , Bathroom
Siding: Brick
Sewage System: Municipality
Roofing: Asphalt and gravel

Revenue Units

- Pieces: 4
- Bedrooms: 2
- Bathrooms: 1
- Potential Monthly Revenue: $0.00
- Pieces: 4
- Bedrooms: 2
- Bathrooms: 1
- Potential Monthly Revenue: $0.00
- Potential Monthly Revenue: $0.00

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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