- Residential units: 8
- Floors: 3
- Heating: Electric
- Hot water: Electric
- Land: 513.30 m² (5,525.12 ft²)
- Building size: 29.07 x 13.08 m (95.37 x 42.91 ft)
- Building floor area: 1,253.90 m² (13,496.87 ft²)
- Parking: None
- Year built: 1917
Corner building on the border of Outremont, in desirable Mile End Plateau-Mont-Royal. Eight spacious residential units on the upper floors (4 X 4 ½, 2 X 5 ½, & 2 X 6 ½) and two commercial units on the ground floor.
Two of the residential units have been fully renovated and rented for over $2,500 per month each. The remaining six residential units are vacant and in various stages of repositioning. The ground floor retail is currently rented on a month-to-month basis by Mehadrin Meats (a Kosher butcher). Tenant interested in signing a 10-year lease (can be done prior to sale), plus taking on the smaller available retail space. The commercial space is zoned to allow a restaurant use, a rarity in the area. While highly viable as a income producing asset, potential exists for conversion to a condominium and subsequent sale. Incredible flexibility in repositioning this asset.
With a Walkscore of 98(Walkscore.com), the property is exceptionally well located near the heart of Mile End’s shopping. A walk to Outremont Metro. St-Viateur Bagel Shop one block away. One kilometer to Université de Montréal - Campus MIL. The immediate location has seen strong population growth of 4.8% from 2014-2019, and has projected growth of 5.1% from 2019-2024. This area of Plateau-Mont-Royal has a median age of just 33.5 and extremely high household average income of $109,347(Tetrad | 1 Km radius).