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1550 Rue Marie Anne E.
Montréal (Le Plateau-Mont-Royal), QC H2J2B7
$2,349,000
MLS#
28309906
Bathrooms:
0
Type:
Livable Area:
0
Year Built:
1930
Bedrooms:
0
Lot Area:
466.1 MC
Potential gross revenue:
$125,352
Description

Exceptional 8-unit property, fully renovated and meticulously maintained by the same owner for 28 years. Ideally located in the heart of Plateau-Mont-Royal, steps from Parc La Fontaine, it offers strong, stable income with significant potential for rent increases. Brick façade completely rebuilt; roof, kitchens, bathrooms, windows, stairs and foundation piles redone. A rare turnkey investment combining prime location, quality and performance -- an opportunity not to be missed!

Information additionnelle

This 8-unit building in Plateau-Mont-Royal represents a rarity on the market: completely renovated and maintained with exemplary care by the same owner for nearly three decades (28 years). Located just steps from Parc La Fontaine, it combines a prestigious location, quality construction, and stable income, while offering real potential for rent increases with renewals.

The building includes a balanced mix of 3.5, 4.5, and one 5.5 apartments, as well as two outdoor parking spaces. The renovations cover all major elements:

- Completely rebuilt brick facade, offering exceptional character and durability.

- Kitchens and bathrooms redone in all units.

- Commercial-grade windows and exterior doors.

- Renovated stairs and common areas.

- Roof replaced.

- Foundations stabilized by piling.

Gross revenues reached $126,192 and net income (NOI) $103,849 for a normalized AGR of almost 4% (very rare for a renovated property with such good revenues), with significant room for growth through gradual rent adjustments to the market. The building compares favorably to recent offerings, while benefiting from a superior location.

- Target closing: January 2026 (seller's tax reason).

A turnkey property, ideal for an investor looking to secure a sustainable asset in one of Montreal's most sought-after areas.

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Building
Type
Style Attached
Dimensions 0x0
Lot Size 466.1 MC
Expenses
Insurance $ 7819 / year
Municipal Taxes (2025) $ 12877 / year
School taxes (2025) $ 1648 / year
Characteristics
Siding Brick
Sewage system Municipal sewer
Water supply Municipality
Parking Outdoor
Zoning Residential
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Informations

Félix Hini
Félix Hini

Residential and Commercial Real Estate Broker