823 Rue Ontario E 4,087 SF 100% Leased Retail Building Montréal, QC H2L 1P1 $1,750,000 CAD ($428.19 CAD/SF)

Discover this superb 4-plex featuring three residential units and one commercial unit, located in one of the most vibrant areas of downtown.
Well maintained over the years, the property offers a solid structure, strong annual revenues (118 440 $/year), and highly attractive optimization potential for both investors and owner-occupants.
Units 2004 #1 and #2 will be vacant as of July 1st -- a rare opportunity to re-rent at current market rates, occupy one of the apartments yourself, or consider a conversion into undivided co-ownership to maximize resale value.
Unit #2 stands out with an exceptional rooftop terrace of approximately 1,800 sq. ft., an impressive and rare outdoor space in the neighbourhood with outstanding layout potential.
The ground-floor commercial unit also provides a significant optimization lever. With its current 1,200 sq. ft. and large basement, the space could be divided to create a mixed configuration: 600 sq. ft. commercial and 600 sq. ft. residential, each benefiting from an additional ±600 sq. ft. in the basement. This reconfiguration would allow the addition of a residential unit while maintaining a profitable commercial component, significantly increasing potential revenues.
One water heater is rented; the other three are owned.
The electricity costs covered by the owner are approximately $35 per month for the common areas.
The rented water heater costs $13 per month.
The building enjoys an ideal location in the heart of a lively, accessible, and high-demand area.
You are within walking distance of numerous local shops, cafés, restaurants, essential services, as well as major metro stations and bus lines.
The neighbourhood is appreciated for its dynamic atmosphere, downtown accessibility, nearby universities, and active daily life, the perfect environment to attract a diverse clientele and ensure excellent rental stability.
A versatile, well-located property filled with possibilities, ideal for an investor seeking a combination of strong returns, optimization, and long-term growth.