78-84 Rue St-Louis
Longueuil (Le Vieux-Longueuil) J4R2L4
$1,490,000 +tx
Commercial building/Office | MLS: 20042776
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Description
Rev Brut 120900$, 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.)
Exclusions : Tenant Articles.
Location
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.