$2,999,900 +GST/QST
New
ULS: 20926256
8-15-Plex
for sale
1569 - 1573 Rue Ontario E., Montréal (Ville-Marie) (Centre)
Semi-commercial building offering 9 residential units and 2 commercial spaces, ideal for an investor or owner-occupant. Large 8½-room unit available for occupancy or revenue optimization. Several improvements have been made over the years, including flooring, bathroom, painting, and exterior doors. Strong income with potential for increase. Located in a rapidly developing area, within walking distance of Papineau and Beaudry metro stations, and near Notre-Dame Hospital. Strategic location offering excellent visibility for commercial tenants. Seller open to collaborating with a vendor take-back mortgage.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
1
Bedroom
1
Bathroom
PABLO BLAIS
Residential and Commercial Real Estate Broker
Addendum
The commercial portion represents more than 30% of the total area, provided for informational purposes for financing. The seller is also open to collaborating on a vendor take-back mortgage. The amount and conditions will need to be discussed with the mortgage lender. The large 8½-room unit could potentially be divided into two, but this must be confirmed with the city and permits.
Building details and property interior
Dimensions
51' X 93' irr.
Year constructed
1992
Windows
Aluminum
Window Type
Guillotine
Siding
Concrete, Brick
Roofing
Elastomeric membrane, Asphalt and gravel
Dividing Floor
Wood
Kitchen Cabinets
Melamine, Wood
Basement
6 feet and more, Crawl space
Lot and exterior features
Proximity
Hospital, Metro, Park, Bicycle path, Public transportation, University
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 386,400
- Building assessment
- $ 1,365,100
- Total
- $ 1,751,500
Taxes
- Business (2025)
- $ 27,720
- Municipal (2025)
- $ 38,822
- School (2025)
- $ 1,284
- Total
- $ 67,826
Annual expenses
- Insurance
- $ 17,000
- Maintenance
- $ 1,000
- Total
- $ 18,000
Gross annual revenues (potential)
- Residential
- $ 129,600
- Commercial
- $ 81,600
- Other
- $ 27,720
- Total
- $ 238,920
Inclusions and exclusions
Inclusions
5 refrigerators and 5 stoves
Exclusions
Tenants' belongings and personal property.
Mortgage payment calculator
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