$2,995,000 +GST/QST
ULS: 26826663
16+-Plex
for sale
701 4e Rue, Shawinigan (Grand-Mère)
Excellent investment. Former textile factory transformed into a true masterpiece. Primarily inhabited by artists, this building is anything but ordinary. The commercial space has hosted renowned artists for several years, with many finding a pied-à-terre for their stays. Each unit boasts unique charm and is easy to rent. Take advantage of a secure and profitable investment with stable tenants in both the residential and commercial sectors. An ideal opportunity for long-term peace of mind and continuous growth of your assets.
Sale without legal warranty of quality, at the buyer's risk and peril.
Addendum
Possibility to purchase 681 4th Street along with this one. Centris 24216758.
Although the income is excellent, there is still potential to increase revenues by raising rents and/or adding artist spaces in the basement.
This property is very well managed, making it easy to take over. You have the cream of the crop when it comes to tenants, especially for the commercial space, which is the most important.
I invite you to read this article to understand what the building represents for the region. Copy and paste if doesn't work
https://www.lhebdodustmaurice.com/culture/factrie-701-un-lieu-de-creation-insoupconne/
Although the income is excellent, there is still potential to increase revenues by raising rents and/or adding artist spaces in the basement.
This property is very well managed, making it easy to take over. You have the cream of the crop when it comes to tenants, especially for the commercial space, which is the most important.
I invite you to read this article to understand what the building represents for the region. Copy and paste if doesn't work
https://www.lhebdodustmaurice.com/culture/factrie-701-un-lieu-de-creation-insoupconne/
Building details and property interior
Year constructed
1925
Lot and exterior features
Lot size
81' X 260'
Lot area
20,310 ft²
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 97,200
- Building assessment
- $ 1,094,200
- Total
- $ 1,191,400
Taxes
- Municipal (2024)
- $ 25,561
- School (2024)
- $ 496
- Total
- $ 26,057
Annual expenses
- Insurance
- $ 21,500
- Snow removal
- $ 1,500
- Total
- $ 23,000
Energy expenses
- Electricity
- $ 2,000
- Gas
- $ 5,000
- Total
- $ 7,000
Gross annual revenues (potential)
- Residential
- $ 143,016
- Commercial
- $ 62,400
- Other
- $ 6,000
- Total
- $ 211,416
Inclusions and exclusions
Inclusions
according to leases
Exclusions
according to leases
Mortgage payment calculator
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