6955 Rue Jarry Est, Montréal, QC

Strip mall for sale of 17,542 square feet located on Jarry East street in Saint-Léonard right next to highway 40. (less than 500m away) The property is perfectly located on a corner street with lots of traffic. 5 tenants currently occupy the building generating $200,000 in gross revenu per year. This is a great opportunity for a buyer to occupy up to 6,000 square feet in the strip mall for his business, all the while collecting income from the tenants. And the current zoning allows for either a commercial or an Industrial business to occupy the building, giving any buyer great flexibility. The roof was recently redone in 2021. The current zoning authorizes commercial AND Industriel uses and authorizes to build 3 stories. (Meaning 2 more stories could be added to the current building creating more value) Zoning also allows the exploitation of a hotel. And although the zoning doesn't currently allow residential, it's important to mention that both neighbours (West & North side) are multifamily (multiplex) properties. And with new federal programs in place to help the growing housing crisis, obtaining a derogation from the city to build a multifamily property may not be that hard to obtain. ****Please note the leases don't end in the year 2044. Please contact listing broker for more information on the leases.*****