2516 Rue L.-O.-David - Multi-Family FOR SALE


Montréal, QC H2A 1N1
$775,000 CAD
514-207-7111

NO PHOTO

$775,000 CAD
Multi-Family - FOR SALE
null | Request Cap Rate

2516 Rue L.-O.-David
Montréal, QC H2A 1N1


HIGHLIGHTS

  • Mixed-use asset with combined residential units and commercial space in a dynamic neighborhood.
  • Strategically located in Saint-Michel, an evolving residential and commercial corridor with high urban density.

OVERVIEW

This property represents a rare investment opportunity in the heart of Montréal's Saint-Michel district. The semi-commercial building integrates residential and commercial components, offering both stable rental income and future value enhancement potential. Configured as a two-story row structure, the property includes multiple residential units alongside ground-floor commercial space, creating a diversified income stream that appeals to seasoned investors. The building is municipally serviced for water and sewer and features a brick exterior and wall-unit cooling system with electric heating. Its current annual potential gross revenue reaches $48,840, with a non-normalized net operating income estimated at $35,353, making it a strong candidate for long-term portfolio growth. Surrounded by a mixed-use neighborhood of retail, community services, and residential density, the property benefits from excellent walkability and proximity to transit, ensuring continued tenant demand and consumer traffic.

FOR SALE DETAILS

PRICE

$775,000 CAD

PRICE/SF

$202 CAD /SF

# OF UNITS

6

PRICE/UNIT

$129,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential/Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Simon LemayRemax CrystalMore Info
514-207-7111

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

Simon LemayRemax CrystalMore Info
514-207-7111

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