$2,850,000

Investment For Sale In Parc-Laurier, Montréal (Le Plateau-Mont-Royal), Quebec

$2,850,000

Property Information:

Exceptional semi-commercial building at the corner of Boulevard Saint-Joseph and Rue St-Hubert in the heart of Plateau Mont-Royal East, just steps from Laurier metro, Parc Wilfrid-Laurier, and Parc La Fontaine. The property includes 9 units: 5 apartments 4½ , 3 apartments 3½ with double rooms (including a 4½ in the basement occupied by the superintendent), and the commercial space occupied by a dental clinic. Three units have a St-Hubert address. Two independent garages, a paying laundry room, and 7 storage spaces. Heating and hot water are paid by the tenants. Strong potential for income optimization.

**Visit of the property upon an accepted promise to purchase.

Unbeatable location on a prestigious street in the Plateau Mont-Royal East! This impressive semi-commercial building, located at the corner of Boulevard Saint-Joseph and Rue St-Hubert, is just steps from Laurier metro station, multiple bus lines, and the neighborhood's best addresses. Quick access to Mont-Royal metro, bike paths, cafés, restaurants, specialty grocery stores, and Parc Wilfrid-Laurier and La Fontaine.

The property includes 9 rental spaces in total: 8 residential units and 1 commercial space. The residential portion consists of 5 apartments 4½ and 3 apartments 3½ with double rooms, including a unit occupied by the superintendent in the basement. Several apartments offer potential for upgrades and optimization, both in terms of finishes and interior layout. Three of the units have a civic address on St-Hubert (4820, units 6, 7, and 8), providing excellent street presence. The tenant of unit 4 has vacated, and the apartment will be available as of January 2026, offering an immediate opportunity for rent adjustment, future occupancy, or repositioning.

The commercial space is occupied by a dental clinic, a well-established tenant benefiting from exceptional corner visibility and a local clientele. Two independent indoor garages are currently used for storage by the clinic; they could represent a significant operational advantage or a source of additional income depending on the buyer's strategy. There is also a paying laundry room in the basement and 7 storage lockers, currently unoccupied, which can be gradually monetized.

Energy costs are borne by the tenants: electric heating and hot water.

**All promises to purchase must be open a minimum of 48hrs and be accompanied by an email from buyer's broker stating the following: I hereby confirm that I have carried out the identity verification of my buyer clients using the OACIQ form IV (with form number) or through my Brokerage contract/purchase (BCP).

Inclusions: All the electrical appliances included in the leases.

Building Features:

  • Building amenity and common areas: Laundry room, Superintendent, Indoor storage space, Roof terrace
  • Parking: Driveway
  • Proximity: CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
  • Siding: Brick
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $107,016
  • Commercial: $29,544
  • Other: $1,008

Taxes:

  • Municipal Tax: $27,255
  • School Tax: $2,583
  • Annual Tax Amount: $29,838

Property Assessment:

  • Lot Assessment: $746,100
  • Building Assessment: $2,715,900
  • Total Assessment: $3,462,000

Property Features:

  • Built in: 1929
  • Floor Space (approx): 6681.0 Square Feet
  • Lot Size: 2677.00 Square Feet
  • Zoning: COMM, RESI
  • No. of Parking Spaces: 2

Revenue Units:

Courtesy of: Royal LePage Tendance

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

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