$5,600,000
ULS: 25760975
8-15-Plex
for sale
3465 - 3468 Av. Papineau, Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
1
Bedroom
1
Bathroom
Addendum
FOR SALE -- EXCEPTIONAL PROPERTY | 3465-3469 Papineau Avenue | Plateau Mont-Royal | Montreal
A true real estate gem, offered for the first time in half a century.
Discover a legendary address directly across from the stunning Parc La Fontaine, located in one of Montreal's most iconic neighborhoods: the Plateau Mont-Royal.
This majestic four-story mixed-use building perfectly combines timeless charm, remarkable growth potential, and an unparalleled location.
A rare investment opportunity in a neighborhood celebrated for its exceptional quality of life, vibrant cultural scene, and residential prestige.
Property Highlights:
7 spacious 4½ apartments, filled with natural light and offering excellent rental value growth potential
1 well-designed 3½ apartment, perfect for rapid optimization
1 highly visible commercial space, currently operated by a well-established boutique spa
Approximately 15 private parking spaces -- an exceptional asset in a sector where parking is both rare and highly sought after
Current gross revenue:potential $198,000 per year (considering 12 parkings and owners 2 apartments are rented )
Significant potential for revenue growth: Many residential leases are well below current market rates, offering ample opportunity for income increase for a savvy investor.
Key Features and Value Additions:
Prime location facing Parc La Fontaine: unobstructed views, exceptional natural light, and immediate access to green spaces
Steps away from Sherbrooke Street, offering access to high-end boutiques, trendy restaurants, and major cultural institutions
Outstanding accessibility: public transportation, bike paths, and quick access to downtown
Multiple parking spaces enhance rental appeal and attract a high-end tenant base
Diversified income streams: residential and commercial, providing financial security and flexibility
First time offered in 50 years: a unique opportunity to acquire a property with historic charm
Enormous potential for value creation through unit modernization and rental repositioning
This is not just a building you are acquiring:
It is a piece of Plateau Mont-Royal's history, a solid asset in an extremely limited market, and a rare gem that few will ever have the chance to own.
3465-3469 Papineau Avenue represents an unparalleled opportunity for investors, wealth builders, and high-end real estate enthusiasts.
Invest today in an exceptional site, at the very heart of Montreal's cultural and residential soul, and secure a prestigious asset designed to endure across generations.
A true real estate gem, offered for the first time in half a century.
Discover a legendary address directly across from the stunning Parc La Fontaine, located in one of Montreal's most iconic neighborhoods: the Plateau Mont-Royal.
This majestic four-story mixed-use building perfectly combines timeless charm, remarkable growth potential, and an unparalleled location.
A rare investment opportunity in a neighborhood celebrated for its exceptional quality of life, vibrant cultural scene, and residential prestige.
Property Highlights:
7 spacious 4½ apartments, filled with natural light and offering excellent rental value growth potential
1 well-designed 3½ apartment, perfect for rapid optimization
1 highly visible commercial space, currently operated by a well-established boutique spa
Approximately 15 private parking spaces -- an exceptional asset in a sector where parking is both rare and highly sought after
Current gross revenue:potential $198,000 per year (considering 12 parkings and owners 2 apartments are rented )
Significant potential for revenue growth: Many residential leases are well below current market rates, offering ample opportunity for income increase for a savvy investor.
Key Features and Value Additions:
Prime location facing Parc La Fontaine: unobstructed views, exceptional natural light, and immediate access to green spaces
Steps away from Sherbrooke Street, offering access to high-end boutiques, trendy restaurants, and major cultural institutions
Outstanding accessibility: public transportation, bike paths, and quick access to downtown
Multiple parking spaces enhance rental appeal and attract a high-end tenant base
Diversified income streams: residential and commercial, providing financial security and flexibility
First time offered in 50 years: a unique opportunity to acquire a property with historic charm
Enormous potential for value creation through unit modernization and rental repositioning
This is not just a building you are acquiring:
It is a piece of Plateau Mont-Royal's history, a solid asset in an extremely limited market, and a rare gem that few will ever have the chance to own.
3465-3469 Papineau Avenue represents an unparalleled opportunity for investors, wealth builders, and high-end real estate enthusiasts.
Invest today in an exceptional site, at the very heart of Montreal's cultural and residential soul, and secure a prestigious asset designed to endure across generations.
Building details and property interior
Dimensions
44' 5" X 74' 3"
Year constructed
1958
Lot and exterior features
Lot size
62' X 161'
Lot area
9,970 ft²
Driveway
Asphalt
Parking (total)
Driveway (14)
Proximity
CEGEP, Daycare centre, Golf, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University, Highway
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 1,899,800
- Building assessment
- $ 832,700
- Total
- $ 2,732,500
Taxes
- Municipal (2025)
- $ 29,272
- School (2024)
- $ 2,271
- Total
- $ 31,543
Annual expenses
- Insurance
- $ 6,900
- Snow removal
- $ 2,112
- Recovery of expenses
- $ -14,978
- Total
- $ -5,966
Energy expenses
- Electricity
- $ 1,300
- Total
- $ 1,300
Gross annual revenues (potential)
- Residential
- $ 137,532
- Commercial
- $ 24,000
- Parking
- $ 21,600
- Total
- $ 183,132
Inclusions and exclusions
Mortgage payment calculator
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