Revenue property for sale - Montréal (Le Plateau-Mont-Royal)
$1,295,000  

5188 - 5198 Rue Garnier, Montréal (Le Plateau-Mont-Royal), Le Plateau-Mont-Royal, Montréal

WatermarkFrontage
WatermarkBack facade
WatermarkNearby
WatermarkAerial photo
WatermarkBack facade
WatermarkFrontage
Frontage
Back facade
Nearby
Aerial photo
Back facade
Frontage
Listing broker: Catherine Parent - Engel & Völkers ● # 20594885
2
1
4
259.2 mc
1914

Description

Excellent investment opportunity. This six-unit building is fully rented and ideally located in the heart of the Plateau-Mont-Royal, in the sought-after Petit-Laurier neighbourhood. Centrally situated, it offers easy access to essential services, numerous parks and a variety of public transit options. Laurier Metro station is just a 10-minute walk away. The property has been meticulously maintained by the same owner for several years. Current rents are highly competitive and below market value, offering excellent potential for rental income optimization.

Details

Heating system
Air circulation
Hot water
Available services
Balcony/terrace
Water supply
Municipality
Heating energy
Electricity
Natural gas
Foundation
Poured concrete
Siding
Brick
Vinyl
Sewage system
Municipal sewer
Roofing
Elastomer membrane
Topography
Flat
Zoning
Residential

FULLY RENTED INCOME PROPERTY | 6 UNITS | PRIME PLATEAU-MONT-ROYAL LOCATION

Excellent-condition income property, owned by the same owner for several years. The building consists of 6 units:

6 four-and-a-half units (2 bedrooms)

All units are currently rented. Heating is paid by the tenants, with the exception of units 5188 and 5190 Garnier Street.

Current leases are renewed through June 30, 2027.

RECENT UPDATES

2026: New hot water heating systems
2020: Roof replacement

An excellent investment opportunity in the heart of Plateau-Mont-Royal. This fully rented six-unit income property combines immediate rental income with a highly sought-after central location in Montréal.

The property consists of six four-and-a-half units and currently generates $5,525 in monthly rental income. Current rents are below market rental values, offering strong potential for increased rental income and improved investment returns over time.

PRIME LOCATION

Situated on a sought-after residential street in Plateau-Mont-Royal, the property enjoys an exceptional location close to cafés, restaurants, local shops, grocery stores and essential services. The neighbourhood offers a highly desirable urban lifestyle, with numerous parks and green spaces, as well as excellent access to public transit and active transportation. Sir-Wilfrid-Bastien Park, with its sports and recreational facilities, is also nearby.

TRANSPORTATION -- Just a 10-minute walk from Laurier Metro station, with several bus routes nearby, as well as numerous BIXI stations and bike paths, making it easy to get around the city.

Walk Score: 98

Real Estate Broker and Advisor

Catherine Parent
Catherine Parent
Residential and Commercial Real Estate Broker (H4105)
Real Estate Agency:
ENGEL & VÖLKERS MONTRÉAL (G7014)
Real Estate Shop ⬩ Outremont