19
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Listed by Steve Bachand
$1,749,900
Est. payment /mo
12.19 Acres Lot
Active
600 Rue Eastern Waterloo, QC J0E2N0
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 17917323
Style Detached
Year Built 1875
Lot Size 12.193 Acres
Property Description
Unique 3-storey commercial building, operated as a rooming house since 1989, offering a gross potential income of $261,000 in 2023 and $287,000 in 2024. Its vast 12.2-acre lot, with maple grove and walking trails, opens the door to multiple projects: recreational facilities, retreat center, agrotourism activities, urban garden or sports areas. A rare investment opportunity combining heritage, nature, and development potential.
Discover this imposing three-story commercial building, constructed in 1875 and operated as a rooming house and boarding house since 1989. With a magnificent view of the city and unique in its kind, it has a total of 20 rooms and offers unlimited potential for various projects. It could be converted into an income property, a specialized residence, a service center, an innovative start-up, or even a multifunctional co-living space.
Each room is equipped with a heat and smoke detector. A modern alarm system was installed in September 2023 in accordance with government standards. In addition, the property is served by fiber optics, ensuring fast and reliable connectivity, which is essential for management and operations.
The outdoor grounds are a major asset: nearly 12 acres, including a maple grove, walking trails, and vast green spaces. This environment allows for multiple creative developments. The paved parking lot accommodates 8 vehicles, complemented by a double garage.
The interior combines history and adaptability. It features numerous workspaces, individual offices, several meeting rooms, and a fully functional commercial kitchen.
The property is located in the beautiful Eastern Townships region, renowned for its exceptional scenery and year-round recreational activities. Its strategic location just minutes from Highway 10 provides easy access to Sherbrooke and Montreal.
Rental income amounted to $261,000 in 2023 and $287,000 in 2024, demonstrating the stability and potential of the building. Part of the property is taxable. See Steve Bachand for more information.
A rare opportunity for investors or entrepreneurs looking for a versatile building that combines heritage charm, rental income, and development potential thanks to its residential, commercial, and multi-unit zoning.
This document does not constitute an offer or promise that is binding on the seller to the buyer, but rather an invitation to submit such offers or promises. This sale is made without any legal guarantee of quality, at the buyer's own risk.
Discover this imposing three-story commercial building, constructed in 1875 and operated as a rooming house and boarding house since 1989. With a magnificent view of the city and unique in its kind, it has a total of 20 rooms and offers unlimited potential for various projects. It could be converted into an income property, a specialized residence, a service center, an innovative start-up, or even a multifunctional co-living space.
Each room is equipped with a heat and smoke detector. A modern alarm system was installed in September 2023 in accordance with government standards. In addition, the property is served by fiber optics, ensuring fast and reliable connectivity, which is essential for management and operations.
The outdoor grounds are a major asset: nearly 12 acres, including a maple grove, walking trails, and vast green spaces. This environment allows for multiple creative developments. The paved parking lot accommodates 8 vehicles, complemented by a double garage.
The interior combines history and adaptability. It features numerous workspaces, individual offices, several meeting rooms, and a fully functional commercial kitchen.
The property is located in the beautiful Eastern Townships region, renowned for its exceptional scenery and year-round recreational activities. Its strategic location just minutes from Highway 10 provides easy access to Sherbrooke and Montreal.
Rental income amounted to $261,000 in 2023 and $287,000 in 2024, demonstrating the stability and potential of the building. Part of the property is taxable. See Steve Bachand for more information.
A rare opportunity for investors or entrepreneurs looking for a versatile building that combines heritage charm, rental income, and development potential thanks to its residential, commercial, and multi-unit zoning.
This document does not constitute an offer or promise that is binding on the seller to the buyer, but rather an invitation to submit such offers or promises. This sale is made without any legal guarantee of quality, at the buyer's own risk.
Location
Province QC
Interior
Inclusions A portion of the property is taxable. The seller requires 48 hours' notice and bank pre-approval for showings. Please note that no showing requests during mealtimes will be accepted. See Steve Bachand for more information.
Exterior
Exterior Feature Personal belongings
Lot Depth 200.86
Building
Story 3rd floor
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