1059 Rue Wellington - Apartments CONDO FOR SALE


Montréal, QC H3C 1V6
$4,500,000 CAD
438-807-7286
1059 Rue Wellington, Montréal, QC for Sale
$4,500,000 CAD
Apartments CONDO - FOR SALE
1/3
null | Request Cap Rate

Apr '27


1059 Rue Wellington
Montréal, QC H3C 1V6


HIGHLIGHTS

  • Strong visibility and prominent frontage at the intersection of Wellington Street and Peel Street in Montréal’s Griffintown / downtown corridor.
  • The 5,125 SF premises can be split into two units, each with its own separate civic address — one fronting Wellington and the other fronting Peel.
  • The lease runs through March 2027. The renewal options contained in the lease were not exercised in time and are no longer available to the tenant.
  • Significant Mark-to-Market Upside
  • Existing restaurant build-out with strong street presence. Can be released as a whole 5,125 SF premises or as two separate premises.
  • Frontage on Rue Wellington and Rue Peel

OVERVIEW

Fully leased single-tenant restaurant premises with significant mark-to-market upside. The current tenant’s renewal options were not exercised within the required notice period and are no longer available. This creates a compelling opportunity to re-lease or reposition the premises following lease expiry in March 2027. The space may be split into two units with two civic addresses, one on Wellington and one on Peel.

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$878 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CORNER WELLINGTON & PEEL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

281,269 SF

STORIES

20

BUILDING CLASS

A

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gil KastnerEngel & VölkersMore Info
438-807-7286

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Gil KastnerEngel & VölkersMore Info
438-807-7286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.