$3,360,000 +GST/QST
ULS: 25498983
8-15-Plex
for sale
506 - 528 Rue Rachel E., Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Rare investment opportunity in the heart of Plateau Mont-Royal! Building composed of eight fully rented 5½ residential units and two commercial spaces offering excellent visibility and strong potential for value appreciation. Prime location just steps from Rachel, St-Denis, and Mont-Royal streets, La Fontaine Park, and the Mont-Royal metro station. A vibrant neighborhood highly sought after by tenants, with a Walk Score and Bike Score of 100. Stable income and significant growth potential. A strategic investment in one of Montréal's most desirable areas.
Living area
13,058 ft²
Addendum
Exceptional investment opportunity in the heart of Plateau Mont-Royal with effective gross annual income of $184,694/year including tax recovery of $8,054
Located in one of Montréal's most dynamic and sought-after neighborhoods, this multiplex offers strong potential for value appreciation and enviable rental stability. The building consists of 8 fully rented 5½ residential units, ensuring consistent income. In addition, there are 2 commercial spaces at the front of the building, benefiting from excellent visibility on a busy thoroughfare. Both businesses are occupied by quality tenants with active leases, providing a reliable additional source of income.
The property enjoys a prime location just steps from Rachel, Saint-Denis, and Mont-Royal streets, known for their vibrancy, local shops, restaurants, cafés, and diverse services. La Fontaine Park, a true urban oasis, is also within walking distance, offering an attractive living environment for tenants.
Access to public transportation is excellent, just two blocks from the Mont-Royal metro station, making this area highly sought-after by both residential and commercial tenants.
This building represents a sound investment for buyers seeking a well-located, profitable, and easy-to-manage asset in a neighborhood with strong appreciation potential.
******
A pre-sale inspection report will soon be available to the buyer, and a certified appraisal report is provided.
The choice of inspector must be approved by all parties.
The BUILDING is subject to the Goods and Services Tax (GST) and the Quebec Sales Tax (QST) at a rate of 40%.
Located in one of Montréal's most dynamic and sought-after neighborhoods, this multiplex offers strong potential for value appreciation and enviable rental stability. The building consists of 8 fully rented 5½ residential units, ensuring consistent income. In addition, there are 2 commercial spaces at the front of the building, benefiting from excellent visibility on a busy thoroughfare. Both businesses are occupied by quality tenants with active leases, providing a reliable additional source of income.
The property enjoys a prime location just steps from Rachel, Saint-Denis, and Mont-Royal streets, known for their vibrancy, local shops, restaurants, cafés, and diverse services. La Fontaine Park, a true urban oasis, is also within walking distance, offering an attractive living environment for tenants.
Access to public transportation is excellent, just two blocks from the Mont-Royal metro station, making this area highly sought-after by both residential and commercial tenants.
This building represents a sound investment for buyers seeking a well-located, profitable, and easy-to-manage asset in a neighborhood with strong appreciation potential.
******
A pre-sale inspection report will soon be available to the buyer, and a certified appraisal report is provided.
The choice of inspector must be approved by all parties.
The BUILDING is subject to the Goods and Services Tax (GST) and the Quebec Sales Tax (QST) at a rate of 40%.
Building details and property interior
Dimensions
84' X 38' irr.
Year constructed
1927
Living area
13,058 ft²
Roofing
Asphalt and gravel
Basement
Unfinished
Lot and exterior features
Lot size
84' X 67' irr.
Lot area
5,338 ft²
Proximity
Daycare centre, Metro, Park, Bicycle path, Elementary school, High school, Public transportation
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 1,183,800
- Building assessment
- $ 1,106,200
- Total
- $ 2,290,000
Taxes
- Municipal (2025)
- $ 27,930
- School (2025)
- $ 1,640
- Total
- $ 29,570
Annual expenses
- Insurance
- $ 9,496
- Total
- $ 9,496
Gross annual revenues (potential)
- Residential
- $ 87,228
- Commercial
- $ 89,412
- Other
- $ 8,054
- Total
- $ 184,694
Inclusions and exclusions
Exclusions
All household appliances.
Mortgage payment calculator
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