Discover this iconic 7-unit property ideally located in the heart of Plateau Mont-Royal, one of Montreal's most sought-after neighborhoods. Offering a perfect blend of residential and commercial opportunities, this building boasts untapped potential and an exceptional location, just a 5-minute walk from Laurier and Mont-Royal metro stations.
HIGHLIGHTS:
- Prime Location: Nestled between Boulevard St-Joseph and Avenue Mont-Royal, with incredible visibility and quick access to shops, cafes, restaurants, pharmacies, and more.
- Advantageous Zoning: Allows for short-term rentals, offering a unique opportunity to maximize profitability.
- Dynamic Neighborhood: High pedestrian traffic, ideal for attracting a diverse clientele.
- Unfinished basement with a ceiling height of over 8 feet.
RESIDENTIAL UNITS:
- 6 bright units spread across the 2nd and 3rd floors.
Varied Configurations: 1 x 5 1/2, 1 x 4 1/2, 2 x 3 1/2, and 2 x 2 1/2, appealing to a wide range of tenants.
- Reliable tenants ensuring stable rental income.
COMMERCIAL SPACE ON THE GROUND FLOOR:
- Leased to a well-known local restaurant with an inviting terrace at the front of the building.
- Generous space of approximately 2,200 sq. ft.
- Recent aesthetic renovations completed by the tenant, creating an attractive and modern ambiance.
RENOVATIONS & GENERAL INFORMATION:
- Electrical and plumbing systems updated in 2000.
- Masonry work completed in 2021.
- Central air conditioning and air exchange system installed for the restaurant.
- Owned by the same proprietor for over 30 years.
This property is a rare opportunity for investors looking to capitalize on a building with tremendous growth potential. The possibilities are endless: develop short-term rentals, optimize the commercial space, or simply enjoy a stable and well-located investment.
Don't miss this exceptional opportunity in the heart of Plateau Mont-Royal!