$749,000
New
ULS: 22260045
Commercial
for sale
6951Z - 6959Z Rue Notre-Dame E., Montréal (Mercier/Hochelaga-Maisonneuve) (Hochelaga-Maisonneuve)
Strategic Investment Opportunity-Semi-Commercial Building with Strong Potential.Located at 6951 and 6959 Notre-Dame East Street, as well as 501 Lyall Street, this semi-commercial property presents an opportunity to acquire a versatile asset with compelling value-add potential. Both residential units will be vacant as of July 1, 2026, offering the flexibility to optimize rental income in line with current market conditions. The property is currently generating $67,200 in annual revenue. The unit at 6959 has been fully renovated. The unit at 501 easily suit for the addition of a fourth bedroom, further enhancing its rental potential.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Lot area
5,763 ft²
ANNABELLE BOUCHARD
Residential and Commercial Real Estate Broker
Addendum
Rent Details and Lease Status:
-6951 (commercial): $2,748.42 + taxes = $3,160/month
Lease from July 1, 2025 to June 30, 2026. Net lease.
Will be renewed at $2,885.84 + taxes = $3,318/month from July 1, 2026 to June 30, 2027.
-6959 (residential): $1,360/month
Lease from July 1, 2025 to June 30, 2026.
Notice of non-renewal effective July 1, 2026 received from the tenant.
-501 (residential): $1,090/month
Lease from July 1, 2025 to June 30, 2026.
Notice of non-renewal effective July 1, 2026 received from the tenant.
Water Heaters:
-6951: Leased water heater. Also supplies hot water to Unit 501.
The tenant of Unit 501 pays $50/month to the commercial tenant for hot water.
-6959: Has its own water heater (owned, not rented), located in the basement.
The immovable is subject to goods and services tax and the Quebec sales tax on 60% of its value.
-6951 (commercial): $2,748.42 + taxes = $3,160/month
Lease from July 1, 2025 to June 30, 2026. Net lease.
Will be renewed at $2,885.84 + taxes = $3,318/month from July 1, 2026 to June 30, 2027.
-6959 (residential): $1,360/month
Lease from July 1, 2025 to June 30, 2026.
Notice of non-renewal effective July 1, 2026 received from the tenant.
-501 (residential): $1,090/month
Lease from July 1, 2025 to June 30, 2026.
Notice of non-renewal effective July 1, 2026 received from the tenant.
Water Heaters:
-6951: Leased water heater. Also supplies hot water to Unit 501.
The tenant of Unit 501 pays $50/month to the commercial tenant for hot water.
-6959: Has its own water heater (owned, not rented), located in the basement.
The immovable is subject to goods and services tax and the Quebec sales tax on 60% of its value.
Building details and property interior
Dimensions
54' 11" X 106' irr.
Year constructed
1950
Lot and exterior features
Lot size
54' 11" X 108' 1" irr.
Lot area
5,763 ft²
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 348,000
- Building assessment
- $ 413,800
- Total
- $ 761,800
Taxes
- Municipal (2025)
- $ 10,073
- School (2025)
- $ 552
- Total
- $ 10,625
Annual expenses
- Insurance
- $ 3,626
- Other
- $ 168
- Total
- $ 3,794
Inclusions and exclusions
Mortgage payment calculator
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