FOLLOW ME

Property

1243-1249 Rue de St-Jovite

Mont-Tremblant, Saint-Jovite, J8E1V1

Quadruplex | MLS: 28897528

2
1
N/A
1984

$974,900 +tx


Description

Investment opportunity in the heart of Saint-Jovite! Mixed-use income property featuring two leased commercial spaces as well as two residential units: a three-bedroom 5½ and a spacious two-bedroom 4½. Reliable tenants, excellent rental income, and significant improvements completed in recent years. A large heated warehouse, currently vacant, offers additional income potential. Ample parking at the rear. Strategically located on rue de Saint-Jovite, within walking distance of shops, services, and the main street. The building is taxable to the extent of 47.65%.

An investment opportunity worth discovering in the heart of Mont-Tremblant! Strategically located on rue de Saint-Jovite, right in the downtown core, this mixed-use income property enjoys a prime location within walking distance of shops, restaurants, services, and local amenities.

Comprising two commercial spaces and two residential units, the property offers an attractive diversification of income sources. The commercial portion includes an approximately 1,050 sq. ft. space, currently leased and operated as a massage therapy and wellness clinic, as well as a second space of approximately 450 sq. ft., also leased and currently operated as an esthetics business. Both commercial spaces are occupied by reliable, established tenants, contributing to the property's stable rental income.

The residential portion includes a three-bedroom 5½ unit located on the upper floor, as well as a very spacious two-bedroom 4½ unit located in the basement. This combination of commercial and residential uses distributes rental income across four distinct units and represents a valuable advantage from a long-term ownership perspective.

The property generates excellent income and has benefited from significant improvements over the past few years. It also offers additional optimization potential thanks to a large warehouse space that is currently vacant. Heated and built on a concrete slab, this space could potentially provide an additional source of rental income, depending on the intended use and applicable regulations.

Parking is another important advantage. Designated spaces are available along rue de Saint-Jovite, in addition to a large parking area at the rear of the property that can accommodate both residential occupants and customers of the commercial businesses.

However, the property's greatest advantage is undoubtedly its location. Situated directly in the heart of Saint-Jovite and within walking distance of the main street and numerous shops and services, the property benefits from a strategic position that enhances the appeal of both its commercial and residential spaces.

For investors, this property combines several sought-after features: existing rental income, four rental units with diversified uses, reliable tenants, improvements completed over the past few years, ample parking, and the opportunity to further optimize revenue through the currently available warehouse space.

An opportunity to consider for investors seeking a mixed commercial and residential income-generating property in Mont-Tremblant, combining a strategic location, diversified tenancy, and further income optimization potential in the very heart of Saint-Jovite.

Exclusions : Tenants' Personal Belongings

Location


Room Details

Room Dimensions Level Flooring
Kitchen 10.1 x 16.6 P Basement PVC
Kitchen 13.3 x 9.10 P 2nd Floor PVC
Living room 10.0 x 13.5 P Basement Floating floor
Dining room 12.11 x 10.5 P 2nd Floor PVC
Primary bedroom 9.2 x 12.11 P Basement Floating floor
Living room 15.2 x 11.10 P 2nd Floor PVC
Bedroom 12.3 x 15.4 P Basement Floating floor
Primary bedroom 15.2 x 11.9 P 2nd Floor Floating floor
Bathroom 8.9 x 4.6 P Basement Ceramic tiles
Bedroom 13.0 x 9.0 P 2nd Floor Floating floor
Bedroom 13.0 x 9.1 P 2nd Floor Floating floor
Bathroom 4.11 x 15.1 P 2nd Floor PVC

Characteristics

Basement 6 feet and over, Finished basement
Proximity Alpine skiing, ATV trail, Bicycle path, Cegep, Cross-country skiing, Daycare centre, Elementary school, Golf, High school, Highway, Park - green area, Public transport, Snowmobile trail
Driveway Asphalt, Double width or more, Not Paved
Roofing Asphalt shingles, Elastomer membrane
Siding Brick, Vinyl
Zoning Commercial, Residential
Window type Crank handle, Sliding
Heating system Electric baseboard units
Heating energy Electricity
Landscaping Fenced, Land / Yard lined with hedges
Topography Flat
Sewage system Municipal sewer
Water supply Municipality
Parking Outdoor
Foundation Poured concrete
Windows PVC