Commercial building/Office - For sale - 533 Rue St-Pierre, Drummondville

----DESCRIPTION----
An investment opportunity or owner-occupant opportunity not to be missed! This property includes 6 residential units and 10 commercial spaces. It is located on a corner lot at the intersection of strategic and high-traffic streets, with exceptional visibility, offering major advantages for its occupants. The owner-occupant will vacate their 10,000 sq. ft. "Prime Spot" by approximately July 1, 2025, providing an additional rental potential of about $120,000 annually, maximizing profitability. A solid asset in a sought-after area, ideal for optimizing your real estate portfolio or for your business!

----DETAILS OF THE UNITS----
Residential: 6 residential units (4 1/2 apartments), all rented, generating $3,975/month ($47,700 annually)
Commercial: 10 commercial units. The large space of approximately 10,000 sq. ft. is currently occupied by the seller's business. Relocation is planned due to the sale of the seller's business, so the space will be available for the future buyer or a future rental. Potential rental income before expenses: $10,000/month. The space will be available by July 1, 2025. Another 600 sq. ft. unit is available for rent at $700/month.
Current commercial income (8 units): $9,064.51/month.
Potential commercial income, including the vacant unit and large space: $19,764.51/month ($237,174.12 annually before expenses). See the complete lease list for more details.

Regarding municipal taxes, it is listed as 8 commercial units. Due to a commercial tenant reducing their space, the seller now has a smaller section available for rent on the upper floor. Additionally, the seller's business also occupied another space that was re-rented to a third party with authorization from the city of Drummondville in 2024, which may not have been adjusted on the taxes yet.

----ADDITIONAL DETAILS----

2 distinct addresses as the building is located on a corner: 533 St-Pierre Street and 1285-1325 Cormier Street

The building consists of two phases: the first phase built in 1961 and the second phase in 1986

Lintel replacements (2023)

Repair of a portion of the back entrance door's cement (2023)

Various general maintenance works (painting, door, lock, change of an air conditioning unit, etc.)

Replacement and maintenance of the heating system (2018)

Roof repairs (2012 and 2018)

Environmental Phase 1 assessment in progress

Tax and fee details are attached to the listing

Sold without legal warranty, at the buyer's risk and peril.
The information provided in this sheet is for informational purposes only and may vary. The features, dimensions, and associated expenses should be verified by the buyer.
The buyer is responsible for verifying with the competent authorities, including but not limited to: laws, regulations, standards, etc., for any project or other matters they intend to pursue on the property.