Exceptional Investment Opportunity -- 8-Unit Building in the Heart of Plateau Mont-Royal Ideally located in one of Montreal's most desirable neighborhoods, this well-managed and meticulously maintained building offers strong income potential. It includes two 7 1/2 apartments, completely stripped and rebuilt, spread over two floors, as well as six 4 1/2 apartments. Its strategic location, between Laurier Park and La Fontaine Park, just steps from the Laurier metro station, is a major asset. Possibility of double occupancy for the buyer. An opportunity not to be missed.
29' X 82'
1940
7,224 SF
Poured concrete
Brick , Stone
Asphalt shingles , Asphalt and gravel
Wood , Ceramic
Description
Located at 945 Saint-Joseph East Boulevard, at the corner of Mentana Street, this classic 1940s residential building is a beautiful example of typical Plateau-Mont-Royal architecture. Built over three floors, it houses eight units and stands out with its period charm, red brick structure, and stone detailing, true to the Montreal style of the 1940s. The entire façade is accented with wrought-iron balconies, adding an elegant touch to six of the eight units.
The interior retains all its original character, starting with the spacious and bright entrance hall, adorned with Art Deco-style ceramic, terrazzo staircase, and pendant lighting. The building has been meticulously maintained over the years, with careful management and great respect for its architectural integrity. It includes two large 7 1/2 apartments, completely stripped and rebuilt, on two levels, and six 4 1/2 apartments--each comfortable and functional. The two 7 1/2 units, equipped with washer, dryer, and dishwasher hookups, are available to the buyer: one until May 1, 2025, and the other until July 1, 2025. All rent increase notices have been duly sent.
Each unit also includes a storage space in the basement. In addition, the basement features a mechanical room, a shared laundry room, and a designated storage area for each unit. Bike racks installed by the City are conveniently located adjacent to the building.
This property enjoys a prime location in a dynamic and highly sought-after neighborhood. Just minutes from Laurier metro station and the vibrant commercial streets of Mont-Royal Avenue and Laurier Street, it offers an exceptional urban lifestyle. With a WalkScore of 98, it provides easy access to transit, cafés, restaurants, schools, and local shops. This building represents a rare opportunity for an investor seeking to optimize rental yield while investing in a heritage-rich property.
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A pre-sale inspection report is available.
The sale is made without legal warranty of quality, at the buyer's own risk.
A new certificate of location has been ordered. The listed dimensions are based on the City's assessment roll and will be confirmed upon receipt of the new certificate.
29' X 82'
1940
7,224 SF
Poured concrete
Brick , Stone
Asphalt shingles , Asphalt and gravel
Wood , Ceramic
29' X 92'
2,714 SF
CEGEP , Daycare centre , Hospital , Metro , Park , Bicycle path , Elementary school , High school , Public transportation , University
Residential
Electric baseboard units
Electricity
Municipality
Municipality
As per the leases, and: - Appliances, see list in the annex. - Fire extinguishers in the corridors. - Washer/dryer in the laundry room in the basement. - Miscellaneous materials in the electrical room. Panels in the corridors. Replacement refrigerator located in the storage area with sink. All of the above are included without warranty of quality.
According to the leases, this includes the contents of the following storage areas: the storage to the left of the laundry room, storage units B and C, and other tenants' storage units. It also includes cleaning items stored in the area with the sink, which belong to Pause Ménage and are kept there in exchange for their cleaning services for the building.
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RE/MAX DU CARTIER | 1290 rue Bernard Ouest Bureau 100, Montréal, Québec, H2V 1V9
Hello, my name is GEORGES BARDAGI, real estate broker. Contact me for more information.
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