$2,685,000
ULS: 22029241
8-15-Plex
for sale
4874 - 4896 Rue Drolet, Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Exceptional investment opportunity in the heart of Plateau-Mont-Royal, just 5 minutes from Laurier metro! Building with 12 units (3 x 4½ and 9 x 3½), already subdivided cadastral-wise for resale as 3 x 4-plexes plus 1 lot. Optimization potential. Financeable up to $2,245,000. Annual income: $116,954 -- Gross income multiplier: 15,97 -- Net income (CMHC): $115,793 -- Cap rate: 4.36%. Prime location near Parc Laurier, Saint-Denis Street, and all services. Links to the virtual tours are available in the addendum.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Living area
586.53 m²
Property features
2
Bedrooms
1
Bathroom
Addendum
MULTI-RESIDENTIAL INVESTMENT -- 12 UNITS -- PLATEAU-MONT-ROYAL
Located at 4874--4896 Drolet Street, this building represents a rare opportunity for the savvy investor.
Comprising 3 x 4½ and 9 x 3½ units, it generates a gross income of $166,836 for a net income (CMHC calculation) of $116,954 with a GIM of 15,97 and a cap rate of 4.36%.
Already cadastrally subdivided, the property allows for resale as 3 x 4-plexes plus 1 lot, offering strategic flexibility for block-by-block resale or medium-term appreciation.
Financial Summary (2025)
- Gross annual income: $168,096
- Net income (CMHC): $116,954
- Municipal taxes: $15,600
- School taxes: $2,001
- Insurance: $8,646
- Complete mortgage analysis on file carried out by Multi-Prêt Commercial.
Financial Analysis
- Potential to optimize about half of the rents
- Stable return in one of the most sought-after areas of Plateau-Mont-Royal
- Strong rental demand, with current rents below market value, offering short-term upside
- Additional appreciation possible through individual block resale or redevelopment of the adjacent lot
Strategic Location
- 5-minute walk from Laurier metro
- Near Sir-Wilfrid-Laurier Park and Saint-Denis Street
- Highly desirable neighborhood close to shops, schools, cafés, and bike paths
Photos and Virtual Tours
- 4896 Drolet Street: 4½ -- photos 5--13, https://ahvendre.com/3d/4896-rue-drolet-montreal/fullscreen/
- 4892 Drolet Street: 4½ -- photos 14--27, https://ahvendre.com/3d/4892-r-drolet-montreal/fullscreen/
- 4878 Drolet Street: 3½ -- photos 28--37, https://ahvendre.com/3d/4878-r-drolet-montreal/fullscreen/
- 4890 Drolet Street: 3½ -- photos 38--45
- 4882 Drolet Street: 3½ -- photos 46--53, https://ahvendre.com/3d/4882-r-drolet-montreal/fullscreen/
Located at 4874--4896 Drolet Street, this building represents a rare opportunity for the savvy investor.
Comprising 3 x 4½ and 9 x 3½ units, it generates a gross income of $166,836 for a net income (CMHC calculation) of $116,954 with a GIM of 15,97 and a cap rate of 4.36%.
Already cadastrally subdivided, the property allows for resale as 3 x 4-plexes plus 1 lot, offering strategic flexibility for block-by-block resale or medium-term appreciation.
Financial Summary (2025)
- Gross annual income: $168,096
- Net income (CMHC): $116,954
- Municipal taxes: $15,600
- School taxes: $2,001
- Insurance: $8,646
- Complete mortgage analysis on file carried out by Multi-Prêt Commercial.
Financial Analysis
- Potential to optimize about half of the rents
- Stable return in one of the most sought-after areas of Plateau-Mont-Royal
- Strong rental demand, with current rents below market value, offering short-term upside
- Additional appreciation possible through individual block resale or redevelopment of the adjacent lot
Strategic Location
- 5-minute walk from Laurier metro
- Near Sir-Wilfrid-Laurier Park and Saint-Denis Street
- Highly desirable neighborhood close to shops, schools, cafés, and bike paths
Photos and Virtual Tours
- 4896 Drolet Street: 4½ -- photos 5--13, https://ahvendre.com/3d/4896-rue-drolet-montreal/fullscreen/
- 4892 Drolet Street: 4½ -- photos 14--27, https://ahvendre.com/3d/4892-r-drolet-montreal/fullscreen/
- 4878 Drolet Street: 3½ -- photos 28--37, https://ahvendre.com/3d/4878-r-drolet-montreal/fullscreen/
- 4890 Drolet Street: 3½ -- photos 38--45
- 4882 Drolet Street: 3½ -- photos 46--53, https://ahvendre.com/3d/4882-r-drolet-montreal/fullscreen/
Building details and property interior
Dimensions
86' X 46' 7" irr.
Year constructed
Unknown
Living area
586.53 m²
Windows
Aluminum
Window Type
Guillotine
Siding
Brick
Dividing Floor
Wood
Kitchen Cabinets
Wood
Basement
Crawl space
Renovations
Roof covering (2022, 66763)
Lot and exterior features
Lot size
104' X 58' irr.
Lot area
559.80 m²
Topography
Flat
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2020, 05)
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 1,455,500
- Building assessment
- $ 1,040,500
- Total
- $ 2,496,000
Taxes
- Municipal (2025)
- $ 15,600
- School (2025)
- $ 2,001
- Total
- $ 17,601
Annual expenses
- Insurance
- $ 8,646
- Total
- $ 8,646
Gross annual revenues (potential)
- Residential
- $ 168,096
- Total
- $ 168,096
Inclusions and exclusions
Inclusions
According the leases
Exclusions
Personal effects of the tenants
Mortgage payment calculator
$
$
$
%