600 Rue Eastern, Waterloo, QC J0E2N0    $1,849,000

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.