$1,695,000 +GST/QST
ULS: 27750827
5-6-7-Plex
for sale
1028 - 1030 Boul. St-Joseph E., Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Value-add opportunity in Plateau-Mont-Royal, 5 min walk to Laurier metro and Petit Laurier shops. 1929 building, currently semi-commercial: 4 leased 4½ units (through June 30, 2027) + professional offices. Permit, architectural plans and contractor quotes in hand to convert the commercial space into a 9-bedroom/3-bathroom co-living unit. Projected gross revenue post-conversion: $152,340/year. See addendum. Virtual tour: https://ahvendre.com/3d/1030-bd-saint-joseph-e-montreal/fullscreen/
Sale with exclusion(s) of legal warranty - See listing broker(s)
Living area
473.60 m²
Property features
9
Bedrooms
3
Bathrooms
1
Powder room
Addendum
Rare income property with a fully permitted, ready-to-execute residential conversion project, in the heart of Plateau-Mont-Royal, less than a 5-minute walk to Laurier metro station and steps from Avenue Laurier (Petit Laurier), its shops, cafés, restaurants, and Parc Laurier.
1929 brick building currently comprising 4 residential 4½ units (one closed bedroom), leased through June 30, 2027, plus ground-floor and basement commercial space occupied by a psychology clinic and independent professionals.
All 4 residential units share the same layout; one unit was photographed as a representative example (photos 2 to 15). The current medical clinic layout is shown in photos 18 to 32.
The seller has prepared a complete, approved project to convert the commercial space into a 9-bedroom, 3-bathroom co-living unit: residential transformation permit No. 3001964123-26 (issued August 19, 2026), complete architectural plans, and contractor quotes on file, totaling approximately $392,375 including tax.
Proposed layout: 5 bedrooms on the ground floor with 2 bathrooms, and 4 bedrooms in the basement with a common lounge/games room, kitchen, and 1 bathroom.
Projected revenue once the building is converted to 100% residential:
4 existing 4½ units (leases through June 30, 2027): $4,420/month
9 co-living bedrooms: 5 rooms at $995 + 4 rooms at $825 = $8,275/month
Total potential gross revenue: $12,695/month, or $152,340/year
Current gross revenue $95,840/year.
Investor highlights
Turnkey project: permit, plans and quotes already in hand.
AAA location, less than 5 minutes from Laurier metro and Petit Laurier.
Current income in place during the planning phase.
100% residential conversion simplifies financing and removes commercial vacancy risk.
Renovation history (per the seller's declaration): roof redone (2009); doors, windows and exterior staircase redone (2010-2013); hot water plumbing redone (2016); water meters installed and unit 1 bathroom redone (2018); several windows replaced (2019); all balconies redone (2020); water service entrance replaced and units 2 and 3 bathrooms redone (2021); unit 3 kitchen renovated (2024).
Virtual tour: https://ahvendre.com/3d/1030-bd-saint-joseph-e-montreal/fullscreen/
IMPORTANT NOTICE: The values, potential rents, and expenses relating to the 100% residential conversion presented above are projections based on the permit and plans on file; they do not reflect the building's current rental situation, which remains semi-commercial. Buyers should conduct their own due diligence; no guarantee is made as to the realization of these projections.
1929 brick building currently comprising 4 residential 4½ units (one closed bedroom), leased through June 30, 2027, plus ground-floor and basement commercial space occupied by a psychology clinic and independent professionals.
All 4 residential units share the same layout; one unit was photographed as a representative example (photos 2 to 15). The current medical clinic layout is shown in photos 18 to 32.
The seller has prepared a complete, approved project to convert the commercial space into a 9-bedroom, 3-bathroom co-living unit: residential transformation permit No. 3001964123-26 (issued August 19, 2026), complete architectural plans, and contractor quotes on file, totaling approximately $392,375 including tax.
Proposed layout: 5 bedrooms on the ground floor with 2 bathrooms, and 4 bedrooms in the basement with a common lounge/games room, kitchen, and 1 bathroom.
Projected revenue once the building is converted to 100% residential:
4 existing 4½ units (leases through June 30, 2027): $4,420/month
9 co-living bedrooms: 5 rooms at $995 + 4 rooms at $825 = $8,275/month
Total potential gross revenue: $12,695/month, or $152,340/year
Current gross revenue $95,840/year.
Investor highlights
Turnkey project: permit, plans and quotes already in hand.
AAA location, less than 5 minutes from Laurier metro and Petit Laurier.
Current income in place during the planning phase.
100% residential conversion simplifies financing and removes commercial vacancy risk.
Renovation history (per the seller's declaration): roof redone (2009); doors, windows and exterior staircase redone (2010-2013); hot water plumbing redone (2016); water meters installed and unit 1 bathroom redone (2018); several windows replaced (2019); all balconies redone (2020); water service entrance replaced and units 2 and 3 bathrooms redone (2021); unit 3 kitchen renovated (2024).
Virtual tour: https://ahvendre.com/3d/1030-bd-saint-joseph-e-montreal/fullscreen/
IMPORTANT NOTICE: The values, potential rents, and expenses relating to the 100% residential conversion presented above are projections based on the permit and plans on file; they do not reflect the building's current rental situation, which remains semi-commercial. Buyers should conduct their own due diligence; no guarantee is made as to the realization of these projections.
Building details and property interior
Dimensions
31' 3" X 59' 11" irr.
Year constructed
1929
Living area
473.60 m²
Windows
Aluminum, Wood
Siding
Brick
Roofing
Asphalt and gravel
Dividing Floor
Wood
Kitchen Cabinets
Melamine
Basement
6 feet and more, Unfinished
Lot and exterior features
Lot size
31' 3" X 92' 8" irr.
Lot area
266.40 m²
Topography
Flat
Parking (total)
Driveway (3)
Proximity
Metro, Park, Bicycle path, CEGEP, High school, Public transportation, University, Elementary school, Daycare centre
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Rented Equipment (monthly)
Water heater (5, 82)
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2021)
- Lot assessment
- $ 652,700
- Building assessment
- $ 1,099,200
- Total
- $ 1,751,900
Taxes
- Municipal (2026)
- $ 14,467
- School (2026)
- $ 1,420
- Total
- $ 15,887
Annual expenses
- Common expenses
- $ 1,200
- Total
- $ 1,200
Energy expenses
- Electricity
- $ 3,472
- Total
- $ 3,472
Gross annual revenues (potential)
- Residential
- $ 152,340
- Total
- $ 152,340
Inclusions and exclusions
Mortgage payment calculator
$
$
$
%
This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.