$1,850,000 +GST/QST
ULS: 14298650
Commercial
for sale
5176 - 5204 Ch. Queen-Mary, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) (Côte-des-Neiges)
Sale of Emphyteutic Lease in the Heart of Côte-des-Neiges. **Investment Opportunity** High-visibility mixed-use building offering approximately 42,367 sq. ft. of leasable space in one of Montréal's most vibrant commercial corridors. Ideally located steps from major services and near the Décarie Expressway. The property benefits from strong pedestrian and vehicular traffic, perfect for attracting quality tenants. Contact us for more information!
Sale with exclusion(s) of legal warranty - See listing broker(s)
Lot area
1,258.80 m²
Addendum
An ideal opportunity for investors seeking value-add potential or a strategic foothold in the high-demand Côte-des-Neiges sector.
The building consists of 38 units in total:
* 11 prime retail spaces on the ground floor
* 27 versatile office units on the upper levels
With 20 units currently leased, this asset presents significant upside and excellent potential to increase revenues through improved occupancy and strategic repositioning. The total revenue is currently $514,450.87.
The emphyteutic lease expires on April 30, 2035, providing investors with clarity and a stable planning horizon.
An emphyteutic lease is a long-term real estate lease in which the lessee (tenant/buyer) holds full rights to use, improve, and benefit from the property for the duration of the lease. The buyer acquires the leasehold rights, not the land itself. The lease has a fixed term and expires on the date indicated in the listing. The emphyteutic tenant may operate, renovate, and generate income from the property during the term. At the end of the lease, the property and any improvements revert to the landowner.
**The following statements must be duly included in all promises to purchase**
This sale pertains to an emphyteutic lease and not to the building itself. This lease will expire on April 30, 2035. Te
Emphyteutic Lease Rights:
The BUYER acknowledges having been informed of the existence of the emphyteutic lease, its term, its expiration date, and its conditions, and agrees to comply with its terms and obligations until its expiration.
It is agreed between the parties that this sale concerns only the emphyteutic lease rights attached to the property described herein, and not the ownership of the land or the building on which it is erected.
The BUYER also acknowledges having been fully informed of the legal nature of these rights and the obligations associated with them, in accordance with the provisions of the Emphyteutic Lease Act and current practices, and agrees to comply with its terms and obligations until its expiration.
The building consists of 38 units in total:
* 11 prime retail spaces on the ground floor
* 27 versatile office units on the upper levels
With 20 units currently leased, this asset presents significant upside and excellent potential to increase revenues through improved occupancy and strategic repositioning. The total revenue is currently $514,450.87.
The emphyteutic lease expires on April 30, 2035, providing investors with clarity and a stable planning horizon.
An emphyteutic lease is a long-term real estate lease in which the lessee (tenant/buyer) holds full rights to use, improve, and benefit from the property for the duration of the lease. The buyer acquires the leasehold rights, not the land itself. The lease has a fixed term and expires on the date indicated in the listing. The emphyteutic tenant may operate, renovate, and generate income from the property during the term. At the end of the lease, the property and any improvements revert to the landowner.
**The following statements must be duly included in all promises to purchase**
This sale pertains to an emphyteutic lease and not to the building itself. This lease will expire on April 30, 2035. Te
Emphyteutic Lease Rights:
The BUYER acknowledges having been informed of the existence of the emphyteutic lease, its term, its expiration date, and its conditions, and agrees to comply with its terms and obligations until its expiration.
It is agreed between the parties that this sale concerns only the emphyteutic lease rights attached to the property described herein, and not the ownership of the land or the building on which it is erected.
The BUYER also acknowledges having been fully informed of the legal nature of these rights and the obligations associated with them, in accordance with the provisions of the Emphyteutic Lease Act and current practices, and agrees to comply with its terms and obligations until its expiration.
Building details and property interior
Year constructed
1967
Lot and exterior features
Lot area
1,258.80 m²
Proximity
Highway, Metro, Public transportation
Characteristics
Property or unit amenity
Elevator
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 1,384,700
- Building assessment
- $ 2,987,800
- Total
- $ 4,372,500
Taxes
- Other (2025)
- $ 68,000
- Municipal (2025)
- $ 132,551
- School (2025)
- $ 3,662
- Total
- $ 204,213
Annual expenses
- Insurance
- $ 50,904
- Other
- $ 68,000
- Total
- $ 118,904
Energy expenses
- Electricity
- $ 56,681
- Total
- $ 56,681
Inclusions and exclusions
Exclusions
Building
Mortgage payment calculator
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