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EXECUTIVE SUMMARY
Avison Young is pleased to offer for sale a 100% freehold interest in 2504-2518 Notre-Dame Street West and 273-285 Charlevoix, a well-located semi-commercial property in the heart of Little Burgundy, Montréal (the “Property”).
The Property comprises 12 large residential suites and two street-front commercial tenants, offering a desirable mix of 4 two-bedroom and 8 three-bedroom apartments. Seven of the residential units have undergone renovations in recent years, enhancing both aesthetic appeal as well as future rental upside. The current average residential rent at the property sits at just $1,228 per month which remains substantially below comparable properties in the neighborhood.
The ground floor is leased to an established operator currently operating two distinct and well-established neighborhood restaurants, Geppetto and El Gordo, which have recently renewed their lease until 2030. These tenants offer strong in-place income and contribute to the Property’s cash flow and long-term stability. Strategically positioned at the corner of Notre-Dame Street West and Charlevoix Street, the Property benefits from excellent visibility, high pedestrian traffic, and immediate access to a wide array of local amenities. The surrounding Little Burgundy neighbourhood, within the Le Sud-Ouest borough, is a vibrant and evolving urban hub known for its cafés, restaurants, green spaces, and cultural attractions—all just minutes from downtown Montréal and well-served by public transit.
The property represents a rare opportunity to acquire a high-quality semi-commercial corner property featuring below-market residential rents and two well established restaurants, ideally located in the highly sought-after neighbourhood of Little Burgundy.
The Property comprises 12 large residential suites and two street-front commercial tenants, offering a desirable mix of 4 two-bedroom and 8 three-bedroom apartments. Seven of the residential units have undergone renovations in recent years, enhancing both aesthetic appeal as well as future rental upside. The current average residential rent at the property sits at just $1,228 per month which remains substantially below comparable properties in the neighborhood.
The ground floor is leased to an established operator currently operating two distinct and well-established neighborhood restaurants, Geppetto and El Gordo, which have recently renewed their lease until 2030. These tenants offer strong in-place income and contribute to the Property’s cash flow and long-term stability. Strategically positioned at the corner of Notre-Dame Street West and Charlevoix Street, the Property benefits from excellent visibility, high pedestrian traffic, and immediate access to a wide array of local amenities. The surrounding Little Burgundy neighbourhood, within the Le Sud-Ouest borough, is a vibrant and evolving urban hub known for its cafés, restaurants, green spaces, and cultural attractions—all just minutes from downtown Montréal and well-served by public transit.
The property represents a rare opportunity to acquire a high-quality semi-commercial corner property featuring below-market residential rents and two well established restaurants, ideally located in the highly sought-after neighbourhood of Little Burgundy.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 12 | Building Size | 7,431 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,431 SF |
| No. Stories | 3 |
| Year Built | 1975 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (89)
Bike Score®
Biker's Paradise (96)
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2504-2518 Notre-Dame W
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