Character commercial building in the heart of downtown Saint-Hyacinthe, on rue des Cascades. Three units fully leased to established tenants: a health food store on the ground floor and professional offices upstairs. Net leases: property taxes, insurance and operating costs are paid by the tenants under their leases. Leases already renewed to 2028 and 2031, with built-in rent increases. Parking at the rear, a rare asset downtown. A turnkey asset with stable income.
45' X 92'7" Irregular
1845
Poured concrete , Stone
HIGHLIGHTS
- 100% leased to three established tenants, including an architecture firm in place since 2021.
- Net leases: on top of its base rent, each tenant pays its proportionate share of the building's operating costs, including property taxes and insurance. The expenses shown in the financial summary are therefore recharged to the tenants under the leases; base rents are the owner's net income.
- Renewals already signed: offices at 1500 renewed for five years (to March 2031) and offices at 1510 to September 2028.
- Rent increases built into all three leases.
- Parking at the rear of the building, a rare asset downtown.
THE UNITS
- 1480, ground floor: health food store, three-year lease (2026 to 2028) with a renewal option.
- 1500: architecture firm, in place since 2021.
- 1510: strategic design firm, in place since 2023.
THE BUILDING
Character brick building with a strong presence on the rue des Cascades commercial strip. The units are well kept and well maintained. Located in the heart of downtown, close to shops and services.
DOCUMENTS
Certificate of location available. Leases and income and expense statements are provided to buyers once a promise to purchase is accepted.
45' X 92'7" Irregular
1845
Poured concrete , Stone
49'1" X 106'4" Irregular
5,519.73 SF
Driveway : 4
Electricity , Natural gas
Municipality
Municipality
My name is MARTINE CHAREST MAHADÉO INC., RE/MAX real estate broker. How may I help you?
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RE/MAX ACTION | 1225 avenue Greene, Westmount, Québec, H3Z 2A4
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