*** Location** Location ** Location ** Well maintained 2 storey semi-commercial building for sale in a sought-out area of Le Plateau. Strategically located on the corner of Rachel & de Lorimier. The entire main floor is currently rented to a bike shop ( Velo iBike Montreal ) since 2019. They also have access to the basement which is not finished and used as storage. Many improvements and renovations were completed in the unit. The unit on the second floor ( 4203 de Lorimier ) consists of a large 6 1/2 unit that was completely renovated and remodeled in 2017-2018. The unit has 3 large bedrooms with windows, dining room which opens onto the living room, spacious functional kitchen as well as a separate laundry room. The oversized bathroom contains a separate shower as well as an exposed bath. The unit provides an abundance of natural light due to its numerous windows and skylights. This unit is currently rented as a short term rental ( Airbnb ) by the owner and generates roughly $70,000 gross annually. They possess the proper permit to do so which is renewable every year. The unit is fully furnished which is also included in the sale.

*** Building located on a corner lot ***

- Large Building Size 25 x 50 feet

** Main floor ***

- 2101 Rachel Est
- Rented to ** Velo iBike Montreal **
- roughly 1250 sqft
- Wall-mounted thermo pump ( AC & heat pump )
- also has access to the basement ( unfinished & used as storage)
- several upgrades and renovations were made throughout the years
- 5 year lease term
- July 1, 2019 - June 30, 2024
- Initial Rent = $2500 / month
- 1 % increase per year

** Current rent is $2575.75 **

** Rent will increase to $2601.51 / month for the last year
2023-07-01 to 2024-06-30 **

** Lessee pays 50% of the municipal & School taxes ***

*** 4203 de Lorimier - Second Floor ***

- Large 6 1/2 unit
- Fully renovated & remodeled in 2017-2018
- Possesses 3 good size bedrooms with windows
- Dining room opens onto the living room with an access to a balcony
- Large functional kitchen
- Bathroom was enlarged and has a separate shower & exposed bath
- Separate laundry room
- An abundance of light due to numerous windows & 2 skylights ( corner building ).
- Hardwood flooring throughout
- Ceramic in the kitchen, bathroom & laundry room
- Roughly 9 foot ceiling
- Wall-mounted thermo pump ( AC & heat pump )
- Fully furnished

** Currently rented on AIRBNB with legal permit by the owner ***

** Possesses the appropriate permit to do so ***

- Uses Airbnb as their platform
- Roughly $70,000 gross per year
- Rents on average $300/day
- Will typically leave a day free between bookings to facilitate preparation

** Lots of opportunity to continue and optimize usage of short rental ***