2A - 2B Rue St-Michel,
Vaudreuil-Dorion (Montérégie), J7V1E7

Description of the property for sale

Immaculately Maintained Income Property in a Prime Vaudreuil Location. This fully rented income property is a fantastic investment opportunity. The large, renovated 4-1/2 apartment on the upper floor offers stunning panoramic views. On the ground floor and in the basement, you'll find 7 professional office space, ideal for a variety of commercial uses. With great income potential and the possibility of occupancy depending on the lease terms. Located in a highly sought-after area of Vaudreuil, just steps away from the main thoroughfare, it's a turnkey investment ready for any investor.

High-End Income Property in Vaudreuil -- Fully Leased with Impeccable Maintenance

This real estate is a rare opportunity for an investor looking for a revenue-generating property with a stable return.

Key Features:

Commercial Area: 2,700 sq. ft. spread across two floors, consisting of 7 professional offices occupied by reliable tenants in the health, education, and legal sectors. These spaces include shared waiting rooms, a kitchenette, a dining area, and a bathroom. The property features large windows and ceramic flooring.

Residential Apartment: Spacious 1,400 sq. ft. loft-style apartment on the upper floor. A warm, fully renovated 4 1/2 unit with hardwood floors, 1 1/2 bathrooms, and a stunning panoramic view.

Improvements and Ongoing Maintenance:

The building has been meticulously maintained over the years, with regular renovations and updates to ensure its longevity, resilience, and compliance. Here is an overview of recent improvements:

2023-2024:

Installation of a new LED display panel with floodlights at the front.
Replacement of two sump pumps, including one with a backup battery.
Addition of surveillance cameras and Wi-Fi connectivity.
Installation of a Wi-Fi water flow detection system (Sinope).

2021-2020:

Preventive roof inspection and maintenance.
Repair and maintenance of the stucco and caulking of the exterior joints.
Installation of two new water heaters.

2016-2018:

Masonry repairs and addition of new bricks on the east side of the building.
Conversion of the basement into office spaces with Sonopan soundproofing.
Compliance upgrades to meet municipal fire department requirements.
Complete renovation of the second-floor apartment.

2014-2015:

Ground-floor redevelopment to create a professional business center.
Replacement of air conditioning units.

2009:

New front landscaping designed by Claude Daccord, renowned landscape architect.
Growing Area:

Vaudreuil is an area in rapid growth, with significant projects like the construction of a new hospital scheduled for 2026. This ongoing development, along with the increasing demand for commercial and residential spaces, ensures long-term stable income for this property.

Upcoming Work:

Additional work is planned for the summer of 2025 to repair the walls and Sonopan insulation in the basement, as well as replace doors damaged during a sewage backup in August 2024. These repairs will be made in consideration of tenant requests to accommodate the school calendar.

Note that snow removal for the stairs is not included in the snow removal contract (it is done by the owner).

The living area is approximate and does not include basement space.

Included: Residential unit upstairs; 2024 washer/dryer, refrigerator, stove, microwave, dishwasher, hood, blinds, curtains, bedroom carpet, storage cabinet and central vaccum. Commercial space; office furniture (according to leases), curtains and blinds, kitchen and waiting room furniture, microwave, two refrigerators, wall decorations, UPS surveillance cameras, two sump-pumps (one battery-powered with wifi alert), Sinope water flow detection system.

Sale without legal warranty of quality, at the buyer's risk and peril