$2,685,000
12plex for sale - Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
$2,685,000
$2,685,000
12plex for sale - Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
$2,685,000
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4874 - 4896 Rue Drolet, Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal), H2T 2G7
Exceptional investment opportunity in the heart of Plateau-Mont-Royal, just 5 minutes from Laurier metro! Building with 12 units (3 x 4½ and 9 x 3½), already subdivided cadastral-wise for resale as 3 x 4-plexes plus 1 lot. Optimization potential. Financeable up to $2,245,000. Annual income: $116,954 -- Gross income multiplier: 15,97 -- Net income (CMHC): $115,793 -- Cap rate: 4.36%. Prime location near Parc Laurier, Saint-Denis Street, and all services. Links to the virtual tours are available in the addendum.
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Lot area:
6,026 SF - NUMBER OF ROOMS : 0
Building details and property interior
86' X 46'7" Irregular
Unknown
6,313.36 SF
Aluminum
Guillotine
Poured concrete
Brick
Ceramic , Linoleum , Parquetry
Wood
Addenda
MULTI-RESIDENTIAL INVESTMENT -- 12 UNITS -- PLATEAU-MONT-ROYAL
Located at 4874--4896 Drolet Street, this building represents a rare opportunity for the savvy investor.
Comprising 3 x 4½ and 9 x 3½ units, it generates a gross income of $166,836 for a net income (CMHC calculation) of $116,954 with a GIM of 15,97 and a cap rate of 4.36%.
Already cadastrally subdivided, the property allows for resale as 3 x 4-plexes plus 1 lot, offering strategic flexibility for block-by-block resale or medium-term appreciation.
Financial Summary (2025)
- Gross annual income: $168,096
- Net income (CMHC): $116,954
- Municipal taxes: $15,600
- School taxes: $2,001
- Insurance: $8,646
- Complete mortgage analysis on file carried out by Multi-Prêt Commercial.
Financial Analysis
- Potential to optimize about half of the rents
- Stable return in one of the most sought-after areas of Plateau-Mont-Royal
- Strong rental demand, with current rents below market value, offering short-term upside
- Additional appreciation possible through individual block resale or redevelopment of the adjacent lot
Strategic Location
- 5-minute walk from Laurier metro
- Near Sir-Wilfrid-Laurier Park and Saint-Denis Street
- Highly desirable neighborhood close to shops, schools, cafés, and bike paths
Photos and Virtual Tours
- 4896 Drolet Street: 4½ -- photos 5--13, https://ahvendre.com/3d/4896-rue-drolet-montreal/fullscreen/
- 4892 Drolet Street: 4½ -- photos 14--27, https://ahvendre.com/3d/4892-r-drolet-montreal/fullscreen/
- 4878 Drolet Street: 3½ -- photos 28--37, https://ahvendre.com/3d/4878-r-drolet-montreal/fullscreen/
- 4890 Drolet Street: 3½ -- photos 38--45
- 4882 Drolet Street: 3½ -- photos 46--53, https://ahvendre.com/3d/4882-r-drolet-montreal/fullscreen/
Building details and property interior
86' X 46'7" Irregular
Unknown
6,313.36 SF
Aluminum
Guillotine
Poured concrete
Brick
Ceramic , Linoleum , Parquetry
Wood
Lot and exterior features
104' X 58' Irregular
6,025.64 SF
Flat
Residential
Characteristics
Electric baseboard units
Electricity
Municipality
Municipality
Included & Excluded
According the leases
Personal effects of the tenants
Financial details
Assessment (2024)
Taxes
- (2025)
- (2025)
Gross yearly revenu (potential)
Annual Expenses
NEIGHBOURHOOD STATISTICS
-
9.6%
-
14.2%
-
5.3%
-
14.1%
-
56.8%
-
0.2%
-
1.9%
-
7.8%
-
74.9%
-
15.2%
MORTGAGE PAYMENTS CALCULATOR
- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
Financial details
Assessment (2024)
Taxes
- (2025)
- (2025)
Gross yearly revenu (potential)
Annual Expenses
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- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
