334 -338 Rue Principale

Details

Property type

Commercial

Lot size

649,915,200 ft²

Year built

1947

Postal code

J2G2W4

About this property

At 334--338 Principale Street, Granby, this is a high-potential investment opportunity. A three-storey mixed-use property, stabilized asset: 3 commercial units (2,900 sq. ft.) and 6 residential units (5,800 sq. ft.). A construction permit has already been issued to add a new building at the rear of the lot on the same parcel, accelerating the project start. Annual gross income of $105,186 helps support the acquisition and carry the property during construction. The completed multi-building asset may be eligible for long-term financing (CMHC). Contact me for plans, development scenarios, and next steps. Full package available upon request. Discover a rare investment opportunity at 334--338 Principale Street, Granby. More than a three-storey mixed-use property, this is a stabilized asset featuring 3 commercial units totaling approximately 2,900 sq. ft., along with 6 apartments offering approximately 5,800 sq. ft. of living space. With the acquisition of this property, you also benefit from a construction permit already issued, allowing you to build a new building on the same lot, behind the existing structure. The property generates approximately $105,186 in annual gross income, helping support your acquisition costs so you can focus on construction and moving your project forward. Once completed, the resulting multi-building property may be eligible for long-term financing, including through the Canada Mortgage and Housing Corporation (CMHC). Contact me to discuss the potential, development scenarios, and next steps. Don't spend years waiting for permits--build now.