$8,900,000 +GST/QST
ULS: 12364843
Commercial
for sale
12415 - 12421 Boul. Lacordaire, Montréal (Montréal-Nord)
The Complexe médical Montréal-Nord is a new rental building on a large 22,827 sq. ft. lot offering excellent visibility at the corner of Lacordaire and Léger boulevards. More than 36,240 sq. ft. of leasable space, plus a 35-space garage and 24-space covered outdoor parking. Prime tenants with long-term leases: CIUSSS du Nord-de-l'Ile-de-Montréal, Clinique médicale Désy (GMF), Radiologix, Physio-Expert, Rue Action prévention Jeunesse, Telus Communications (roof antenna). Available spaces totaling 13,350 sq. ft. in leasable space. Ideal for owner-occupants or savvy investors.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Lot area
22,827 ft²
Addendum
COMPLEXE MÉDICAL MONTRÉAL-NORD
Recently built rental property on a large 22,827 sq. ft. lot, offering excellent visibility at the corner of Lacordaire and Léger Boulevards, with a bus stop at the door and easy access to highways and major roads.
Approximately 36,240 sq. ft. of leasable space, with a 35-space garage and 24 covered outdoor parking spaces.
PREMISES WITH EFFECTIVE LEASES:
- 12415 Lacordaire: CIUSSS du Nord-de-l'Île-de-Montréal, 3,450 sq ft Current monthly rent of $13,610, as follows: Base rent of $5,776, plus additional rent of $7,834 until April 30, 2033, for the landlord's repossession of leasehold improvements
- 202: Physio-Expert, 3,410 sq ft*
- 203: GMF Clinique médicale Désy, 9,841 sq ft*
- 301: Radiologix, 3,649 sq ft
- 101: Rue Action prévention jeunesse, 2,540 sq ft (new lease)
- Telus Communications (roof antenna)
(*) Note that these two leases contain certain exclusivity clauses.
RENTS: All leases (except Telus) include a Base Rent and an Additional Rent. The Additional Rent for operating expenses (OPEX) and the recovery of non-residential municipal taxes is estimated at $14.51/sq. ft. for 2025, subject to the terms of each lease.
VACANT SUITES AVAILABLE (in "base building" condition):
- 201: 1,900 sq. ft. (See Centris #24129911)
- 302/303: total of 11,450 sq. ft. (currently in 2 units) that can be subdivided into up to 5 units (see Centris #14608936)
This opportunity is ideal for an owner-occupant on 3rd floor or savvy investors. Built for medical use as part of a Specific Project (PPU), certain usage restrictions apply. However, the municipality has confirmed on December 1rst 2025 the approval of the PPCMOI submitted wich now adds additional uses. Refer to attached resolutions of the city issued on December 1rst 2025 allowing several office uses, such as architects, engineers, psychologists, doctors, dentists, social workers, small pharmacy, etc. The buyer will be entirely responsible for verifying with the appropriate authorities that all uses complies with regulations.
As part of their due diligence, the buyer will be responsible for conducting, at their own expense, all verifications and inspections they deem necessary or useful, including, but not limited to, those concerning title, zoning, leases, income, expenses, the building's physical condition, financial analyses, work, etc.
The Register of Rents, Operating Expenses Budget, and other records are available upon signature of the Confidentiality Agreement on file. Note that certain documents are shared only upon acceptance of the Promise to Purchase (e.g., leases, contracts, reports, correspondence, etc.).
NO BUILDING VISITS WITHOUT AN APPOINTMENT. Prior written confirmation from the listing broker is required. Out of respect for the tenants, any visit to a rented unit will be upon acceptance of an offer to purchase.
Recently built rental property on a large 22,827 sq. ft. lot, offering excellent visibility at the corner of Lacordaire and Léger Boulevards, with a bus stop at the door and easy access to highways and major roads.
Approximately 36,240 sq. ft. of leasable space, with a 35-space garage and 24 covered outdoor parking spaces.
PREMISES WITH EFFECTIVE LEASES:
- 12415 Lacordaire: CIUSSS du Nord-de-l'Île-de-Montréal, 3,450 sq ft Current monthly rent of $13,610, as follows: Base rent of $5,776, plus additional rent of $7,834 until April 30, 2033, for the landlord's repossession of leasehold improvements
- 202: Physio-Expert, 3,410 sq ft*
- 203: GMF Clinique médicale Désy, 9,841 sq ft*
- 301: Radiologix, 3,649 sq ft
- 101: Rue Action prévention jeunesse, 2,540 sq ft (new lease)
- Telus Communications (roof antenna)
(*) Note that these two leases contain certain exclusivity clauses.
RENTS: All leases (except Telus) include a Base Rent and an Additional Rent. The Additional Rent for operating expenses (OPEX) and the recovery of non-residential municipal taxes is estimated at $14.51/sq. ft. for 2025, subject to the terms of each lease.
VACANT SUITES AVAILABLE (in "base building" condition):
- 201: 1,900 sq. ft. (See Centris #24129911)
- 302/303: total of 11,450 sq. ft. (currently in 2 units) that can be subdivided into up to 5 units (see Centris #14608936)
This opportunity is ideal for an owner-occupant on 3rd floor or savvy investors. Built for medical use as part of a Specific Project (PPU), certain usage restrictions apply. However, the municipality has confirmed on December 1rst 2025 the approval of the PPCMOI submitted wich now adds additional uses. Refer to attached resolutions of the city issued on December 1rst 2025 allowing several office uses, such as architects, engineers, psychologists, doctors, dentists, social workers, small pharmacy, etc. The buyer will be entirely responsible for verifying with the appropriate authorities that all uses complies with regulations.
As part of their due diligence, the buyer will be responsible for conducting, at their own expense, all verifications and inspections they deem necessary or useful, including, but not limited to, those concerning title, zoning, leases, income, expenses, the building's physical condition, financial analyses, work, etc.
The Register of Rents, Operating Expenses Budget, and other records are available upon signature of the Confidentiality Agreement on file. Note that certain documents are shared only upon acceptance of the Promise to Purchase (e.g., leases, contracts, reports, correspondence, etc.).
NO BUILDING VISITS WITHOUT AN APPOINTMENT. Prior written confirmation from the listing broker is required. Out of respect for the tenants, any visit to a rented unit will be upon acceptance of an offer to purchase.
Building details and property interior
Dimensions
180' X 92' irr.
Year constructed
2023
Windows
Aluminum
Siding
Brick, Aluminum, Architectural blocks
Roofing
Telus antenna on roof, Elastomeric membrane
Dividing Floor
concrete on steel structure
Garage
Built-in, In basement
Basement
6 feet and more, Garage, mechanical/electrical room, locker, Finished basement
Lot and exterior features
Lot size
262' X 116' irr.
Lot area
22,827 ft²
Distinctive Features
High visibility, Street corner
Driveway
Asphalt, Covered parking
Parking (total)
Garage (35), Driveway (24)
Proximity
Metro, Commuter train, Public transportation, Schools, parks, restaurants, Desjardins, etc, Highway
Characteristics
Heating System
Electric baseboard units, Forced air
Heating Energy
Natural gas, central A/C, Electricity
Property or unit amenity
Wall-mounted air conditioning, Elevator, Fire detector (O), Electrical input (600, 600), Alarm system
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2019, 8), Phase 2 (2019, 10)
Financial details
Municipal assessment (2021)
- Lot assessment
- $ 954,300
- Building assessment
- $ 9,745,700
- Total
- $ 10,700,000
Taxes
- Municipal (2025)
- $ 341,556
- School (2025)
- $ 8,992
- Total
- $ 350,548
Inclusions and exclusions
Inclusions
all equipment in place necessary for the proper functioning of the building
Exclusions
all equipment and furnishings of the tenants of the building, all equipment which is not on site in the common areas and in any uncompleted premises
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