*** A TWO-FOLD REAL ESTATE OPPORTUNITY ***

- Ideal site for a multi-unit residential project
- Become the owner of your own commercial building (currently with potential for 3 addresses, plus the garage)


MULTI-UNIT DEVELOPMENT

Become the owner of 107 and 97 - 97A Rue St-Louis (#centris: 11457223)! A total of just over 17,000 sq ft to develop your future project.

Seize a rare opportunity to acquire a strategic lot for a multi-unit project in one of the most dynamic cities in the Basses-Laurentides region. This site offers exceptional potential for visionary developers.

ZONING: 1-C-61, allowing for H-07: Multifamily (12+ units). Mixed-use occupancy is possible.

Saint-Eustache continues to develop, with a vibrant economy and growing demographics, making it a stable and promising rental market that stimulates demand for new rental units.


OWNER-OCCUPANT OPPORTUNITY

Currently featuring 3 addresses: 103, 105, and 107, in addition to the garage space and 19 parking spots. Approximately 2150 sq. ft. per floor (x2), plus a basement for practical storage.

The building has been well-maintained over the years.

There is only one remaining tenant in the building, and their lease expires on June 30, 2026. The tenant may be able to leave before the end of the lease (agreement to be made between the parties).

The last time the building was fully leased, it generated rental income of:

GROSS: $145,308 (GRM for a sale price of $2,400,000: 16.52)

***The building could generate up to $165,000 in gross income if optimized (GRM for a sale price of $2,400,000: 14.55)***


GEOGRAPHIC AREA

The site benefits from a prime location, offering future tenants quick access to essential amenities:

Proximity to major highways (Autoroute 640, 440 Autoroute 13, Route 148, Route 117), facilitating travel to Montreal and surrounding cities.

Access to public services, including the REM at Deux-Montagnes, and public transportation.


SURROUNDINGS

The proximity to shops, parks, schools, and other services enhances the location's appeal for families and professionals.

STATEMENTS FROM THE SELLER
- The tenant's lease is: $5463/month
- The tenant has access to the garage: $2000/month (in addition to the $5463/month) through the duplex located at 97-97A St-Louis.
- The BUILDING is located in a PIIA zone.

*The buyer is advised to conduct their own research and verifications with the competent authorities regarding the intended use of the property, including municipal regulations, zoning, and permitted uses.

**The seller's broker informs the buyer that they cannot represent them and invites them to work with their own broker. The buyer may still deal with the seller's broker directly and receive fair and equitable treatment.**

***This building must be sold with 97-97A St-Louis(MLS11457223). This condition is stated in the sales brokerage contract for both properties.***