Rare 5-unit building located on a corner lot in the heart
of the Plateau-Mont-Royal! A sought-after opportunity for
investors or owner-occupants looking to combine quality of
life, income, and optimization potential.
The building includes a spacious 9 ½ with 3 bedrooms plus
an additional room, as well as four 3 ½ one-bedroom
apartments. The ground-floor unit, with access to the
basement, could be made available to the buyer, allowing
them to enjoy a large living space while benefiting from
the income generated by the other units.
Nearly $500,000 has been invested in renovations and
improvements. Its corner lot configuration provides windows
on three sides and exceptional natural light.
The building generates potential annual gross income of
$121,296, with a fully optimized potential rental value of
approximately $133,056.
Several optimization possibilities complement the existing
potential: the potential to add large private terraces
above the garages, rent storage lockers, optimize Wi-Fi
costs, and add more units. Zoning H.2-4 would allow for 2
to 8 units, subject to verification with the relevant
authorities.
Exceptional location near Mont-Royal Avenue, its cafes,
restaurants, shops, and services, as well as parks, bike
paths, and public transportation.
A quality asset in one of Montreal's most sought-after
areas, already enhanced by significant investments and
offering further optimization opportunities.
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The property will be sold without any express or implied
warranty as to its condition, and the legal warranty
against hidden defects, and more specifically the
provisions of Articles 1726 et seq. of the Civil Code of
Québec, will not apply. Furthermore, this sale will be made
in accordance with Article 1731 of the Civil Code of Québec
and at the purchaser's own risk.