This beautifully restored semi-commercial building sits in the heart of Vieux-Québec, one of the most iconic and historically significant districts in Canada. Ideally positioned steps from Rue Saint-Jean and surrounded by renowned architecture, cultural attractions, boutique retail, government institutions, and thriving tourism corridors, the property offers an exceptional long-term investment opportunity within one of Québec City’s most coveted pedestrian-oriented environments. The asset has been impeccably renovated while preserving its authentic Old Québec character, including exposed stone walls and period craftsmanship. Divided into three legally distinct copropriétés, the building features a ground-floor and lower-level commercial suite offering an appealing presence along Côte du Palais, ensuring steady tenant demand from service, boutique retail, or destination-driven operators. Above the commercial level are two spacious and fully renovated residential units: a well-appointed 3½ occupying the first floor and an expansive 4½ on the second level, each benefiting from abundant natural light, generous layouts, and the charm associated with Québec City’s historic urban fabric. The property is fully leased, creating immediate income security with diversified tenancy across both residential and commercial uses. Its location supports stable occupancy driven by the constant influx of tourists, civil servants, students, professionals, and long-term residents who rely on the amenities, services, and institutions that define the Upper Town district. Proximity to transit connections, municipal buildings, gastronomic destinations, boutique hotels, and cultural landmarks strengthens the investment profile and positions the property as a long-term, low-vacancy asset. With its combination of architectural appeal, extensive renovations, strong tenancy, and prime location in one of Canada’s premier heritage districts, 48–50 Côte du Palais presents a rare acquisition opportunity for investors or owner-occupiers seeking predictable income and enduring value in Québec City.