1441 Chomedey Street is strategically positioned within Shaughnessy Village, on the western fringe of Montreal's vibrant Ville-Marie borough.
This downtown neighborhood stands as one of Quebec's most densely populated districts, primarily due to the prevalence of high-rise residential towers.
Adjacent to Concordia University’s bustling downtown campus. This property benefits from its location, walking distance to 2 major Metro stations: Atwater and Guy-Concordia, further cementing its appeal in a market that values convenience and accessibility.
Since 2009, the current ownership group has meticulously overseen the operation and management of this asset, the property has been well kept with updates throughout the years.
Fully occupied and a significant upside potential in the current rents. Presently, the average rent stands at $789, yet Baron Realty projects the achievable market rents could reflect an increase of nearly 60%.
With an unbeatable Walk Score of 100 (2), a walk to all the services for the tenants, the demographic profile of the surrounding area is equally impressive: an estimated population growth of 9.8% within a 1km radius from 2023 to 2028, a median age of 33.9, and an average household income of $107,634, illustrating the economic vitality of the neighborhood (1).
The building features electric heating paid by the tenants, while the landlord covers electric hot water costs.
For potential investors, this represents an extraordinary opportunity to acquire a prime real estate asset in the heart of downtown Montreal