Property

Well-located mixed-use building in Cowansville with two ground-floor commercial units and a large 4½ (two-bedroom) apartment upstairs. Current gross annual revenue is approximately $33,968. Leases in place: #312 (hair salon) through June 30, 2028 with 3% annual indexation; #314 through June 30, 2026; #310 through June 30, 2026. Zoning allows residential/commercial uses. 2024 property taxes: municipal $4,640; school $168. Sale is 50% taxable (GST/QST on half of the price) and made without legal warranty. Let's discuss this investment opportunity

Address: 310--314 Rue du Sud, Cowansville (Estrie). Asking price: $469,000 plus GST/QST. Semi-detached, two-storey mixed-use building (commercial and residential). Lot approximately 4,194.69 sq ft; building dimensions approx. 27.10 × 43.5 ft (irregular). Cadastre: 3 357 863. Zoning: residential and commercial. Possession according to existing leases. Certificate of location dated 2016. Sold without legal warranty of quality, at the buyer's risk and peril. Sale 50% taxable (GST/QST applicable on half of the price).

Composition and income: Unit 310 -- 4½ apartment (2 bedrooms, 1 bathroom), rented at $1,200/month, lease to June 30, 2026; one outdoor parking space; wall-mounted heat pump per specifications. Unit 312 -- Commercial space leased to a hair salon at $630.62/month; five-year net lease from July 1, 2023 to June 30, 2028 with 3% annual increases; one-year renewal option. Unit 314 -- Commercial space leased to a daycare at $1,000/month; net lease from July 1, 2025 to June 30, 2026; one-year renewal option.

Current total gross annual revenue: approximately $33,968.

Expenses and taxes (2024): Municipal taxes: $4,640; school taxes: $168 (total $4,808).