Description

Prime Investment Opportunity - Historic Mile-End. A true gem of an investment opportunity, on the market for the first time since 1978. Located in Montreal's historic Mile-End neighborhood, this property was completely rebuilt by our client, the seller, in 1978 following a major fire. Key Property FeaturesSpacious Layouts: All units are large 4 1/2 units, cold flats. Tenants pay their own utilities and the tenants provide their own appliances.

The property consists of nine spacious 4½ apartments, with three units on each floor. Every apartment offers generous living space, and all units are fully rented. Tenants pay their own utilities and provide all of their own appliances, resulting in lower operating responsibilities for the owner. The building has been meticulously maintained. The windows were replaced in 2021, the roof has also been replaced in recent years, and the property is in excellent overall condition, making it a true turnkey investment. Another major advantage of this property is that every unit is equipped with washer and dryer hookups, allowing tenants to install their own in-suite laundry appliances. This highly desirable feature adds both convenience for tenants and long-term value for the property. One of the property's greatest strengths is its irreplaceable location. Situated between Rue Saint-Urbain, Avenue du Parc, Rue Bernard Ouest, and Avenue Van Horne, the building enjoys one of the best locations in Montreal for rentals. Walkscore of 95. Virtually every daily service is within walking distance, eliminating the need for a vehicle. Located within the Plateau--Mont-Royal, Montreal's most densely populated borough, with a population density exceeding 13,000 residents per square kilometre, the area continues to benefit from exceptionally strong and resilient rental demand. The demographic profile further reinforces the investment appeal. Within a one-kilometre radius, the median age is just 33 years and an average household income of $115,628--an outstanding combination for long-term apartment ownership. This young, affluent tenant base supports stable occupancy and provides an excellent foundation for future rental growth. The existing rents also present a compelling opportunity. The current average monthly rent is approximately $1,401 for these exceptionally large 4½ apartments, leaving meaningful upside potential as units gradually turn over in time and are eventually adjusted to market levels. The environmental reports are current, and the property offers flexibility in financing, allowing purchasers to structure financing according to their preferred lending program. We have no loans to be assumed. As all nine apartments are currently occupied, visits will be conducted only following the acceptance of a promise to purchase. Opportunities to acquire a well-maintained, fully leased nine-unit properties in the heart of Montreal's historic Mile End are exceptionally rare. This is a true legacy asset in one of the city's most prestigious and enduring rental markets.