{"id":3755,"date":"2017-08-23T11:24:14","date_gmt":"2017-08-23T15:24:14","guid":{"rendered":"https:\/\/viacapitaledumontroyal.com\/?p=3755\/"},"modified":"2019-08-27T14:36:13","modified_gmt":"2019-08-27T18:36:13","slug":"investing-in-a-semi-commercial","status":"publish","type":"post","link":"https:\/\/viacapitaledumontroyal.com\/en\/investing-in-a-semi-commercial\/","title":{"rendered":"Investing in a Semi-Commercial Property: A Good or Bad Idea?"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/TCSQL97QH2I\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\">This week on <a href=\"https:\/\/www.facebook.com\/lesorangespressees\/?fref=ts\"><span class=\"s1\">Les Oranges Press\u00e9es on CIBL<\/span><\/a>, we will be discussing investments in semi-commercial properties and whether they are worth the effort. Every real estate agent will tell you: there\u2019s a big difference between buying a condo or duplex, and acquiring a property that is half commercial. Although Montreal has interesting commercial strips, it\u2019s always a good idea to do some research before diving in.<\/p>\n<h4 class=\"p1\">Property Access<\/h4>\n<p class=\"p1\"><i>Becoming<\/i> a commercial property owner is not as easy as owning a fully residential property. In the first case, you must dispose of funds equivalent to approximately 35% of the sale price of the property in question. Luckily the <a href=\"https:\/\/www.cmhc-schl.gc.ca\/\"><span class=\"s1\">CMHC<\/span><\/a> (Canada Mortgage and Housing Corporation)\u2014whose mission is to assist Canadians seeking housing\u2014can be of use to you if you decide to open your business at the ground level and live upstairs! In this case, the <a href=\"https:\/\/www.cmhc-schl.gc.ca\/\"><span class=\"s1\">CMHC<\/span><\/a> can provide you with insurance and fifteen down payments.<\/p>\n<h4 class=\"p1\">A Long-Term Investment<\/h4>\n<p class=\"p1\"><i>Leases<\/i> for semi-commercial properties are of longer duration than residential buildings and are therefore excellent long-term investments. However, you must pay special attention to the quality of the commercial premises. In fact, some commercial strips found in Verdun, the Plateau Mont-Royal, or Hochelaga-Maisonneuve are characterized by neglected commercial buildings. Back in the day, shopkeepers did not necessarily live above their shops, which resulted in unkempt properties. But this trend has recently taken a turn, and shopkeepers are now increasingly living above their businesses.<\/p>\n<h4 class=\"p1\">Two Opportunities<\/h4>\n<p class=\"p1\">When purchasing a semi-commercial property, two possibilities are available to you: you can either build your commerce on the ground floor and live above it, or you can live above and rent the commercial space to another business. In the second case, pay special attention to the price! Make sure to offer a reasonable rent to allow a business to settle in. Determine whether a shopkeeper would be compelled to move into your building. If this is not the case, the investment becomes much less interesting for you too! Also, take into consideration the period between tenant occupancies, since a vacant space means additional fees and expenses for the property owner.<\/p>\n<p class=\"p3\">The acquisition of a semi-commercial property is a profitable and guaranteed investment if you plan to live there and establish a commercial business. Moreover, it protects you from rent increases! On the other hand, choosing to rent the space to another business can be tricky, since in this case, you will have to depend on finding tenants who will agree to your set prices.<\/p>\n<p class=\"p1\">In both cases, it\u2019s important to conduct a market study to identify the trends of the commercial strip you will invest in. Bankers are a great resource on the subject, so feel free to consult with them when applying for your loan.<\/p>\n<p>Do you have any real estate questions ? \u00a0Call or email us with your questions, and we will make sure to answer all your questions.<\/p>\n<p class=\"p1\">Join us every week for a new feature and follow us on our <a href=\"https:\/\/www.facebook.com\/ViaCapitaleMontRoyal\"><span class=\"s1\">Facebook page<\/span><\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week on Les Oranges Press\u00e9es on CIBL, we will be discussing investments in semi-commercial properties and whether they are worth the&#8230;<\/p>\n","protected":false},"author":321,"featured_media":6375,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[580,313,238,235,252,271],"tags":[538,248,540,287,281],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investing in a Semi-Commercial Property: A Good or Bad Idea?<\/title>\n<meta name=\"description\" content=\"The investment in a semi-commercial building is quite different from that of a condo or even a duplex. 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