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1059 Rue Wellington - Le Griffix 5,125 SF Retail Condo Unit Offered at $4,500,000 CAD in Montréal, QC H3C 1V6
Investment Highlights
- Strong visibility and prominent frontage at the intersection of Wellington Street and Peel Street in Montréal’s Griffintown / downtown corridor.
- 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.
- Existing restaurant build-out with strong street presence. Can be released as a whole 5,125 SF premises or as two separate premises.
- 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.
- Significant Mark-to-Market Upside
- Frontage on Rue Wellington and Rue Peel
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Restaurant dining area, kitchen, signage, existing build-out
Sale Notes
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.
The space may be split into two units with two civic addresses, one on Wellington and one on Peel.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1059 | 5,125 SF | Retail | $4,500,000 CAD ($878.05 CAD/SF) | - |
Unit 1059
| Unit Size |
| 5,125 SF |
| Condo Use |
| Retail |
| Price |
| $4,500,000 CAD ($878.05 CAD/SF) |
| NOI |
| - |
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Unit 1059
| Unit Size | 5,125 SF |
| Condo Use | Retail |
| Price | $4,500,000 CAD ($878.05 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Restaurant dining area, kitchen, signage, existing build-out</li></ul> | |
| Sale Notes | |
| 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.<br> <br> The space may be split into two units with two civic addresses, one on Wellington and one on Peel.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 281,269 SF | Floors | 20 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 9,318 SF |
| Property Subtype | Apartment | Year Built | 2013 |
| Building Class | A |
| Total Building Size | 281,269 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 20 |
| Typical Floor Size | 9,318 SF |
| Year Built | 2013 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 175 | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1059 Rue Wellington - Le Griffix
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