$775,000 +GST/QST
New
ULS: 22622436
Quadruplex
for sale
2516 - 2522 Rue L.-O.-David, Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
Rare opportunity to acquire a fully functional semi-commercial building in the heart of the Saint-Michel district in Montreal. Located at 2516-2522 L.-O.-David Street, this two-story row building offers a strategic combination of stable residential income and commercial spaces with high growth potential. With a potential gross annual income of $48,840 and a non-normalized net operating income of $35,353, this property represents a solid investment vehicle for the savvy investor looking to diversify their real estate portfolio in a rapidly transforming sector.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Living area
376.89 m²
Property features
3
Bedrooms
1
Bathroom
Addendum
Potential gross income: $48,840
Operating expenses: $13,487
Net operating income: $35,353
Capitalization rate: 4.56%
Gross income multiplier: 15.87
Price per door: $387,500
Built in 1952 on a 41,397 sq. ft. lot (48.6 x 81.9 feet).
The property totals 4,056 sq. ft. of living space spread over two floors.
The brick-clad building offers proven durability.
Roof covered with an elastomeric membrane.
Wooden floor joists.
Electric baseboard heating at the tenants' expense.
Residential and commercial zoning -- mixed-use.
The building includes four units in total:
Two residential units and two commercial spaces.
Unit 2518, a 5.5-room apartment with 3 bedrooms, generates a monthly rent of $990.
Unit 2520, a 4.5-room apartment with 2 bedrooms, generates $880 per month.
Both residential leases are in effect until June 30, 2027, providing immediate income stability.
On the commercial side, unit 2516--a 1,200 sq. ft. space currently vacant--has a rental value of $1,200 per month.
Unit 2522, an 800 sq. ft. commercial space also vacant, has a rental value of $1,000 per month.
Operating expenses: $13,487
Net operating income: $35,353
Capitalization rate: 4.56%
Gross income multiplier: 15.87
Price per door: $387,500
Built in 1952 on a 41,397 sq. ft. lot (48.6 x 81.9 feet).
The property totals 4,056 sq. ft. of living space spread over two floors.
The brick-clad building offers proven durability.
Roof covered with an elastomeric membrane.
Wooden floor joists.
Electric baseboard heating at the tenants' expense.
Residential and commercial zoning -- mixed-use.
The building includes four units in total:
Two residential units and two commercial spaces.
Unit 2518, a 5.5-room apartment with 3 bedrooms, generates a monthly rent of $990.
Unit 2520, a 4.5-room apartment with 2 bedrooms, generates $880 per month.
Both residential leases are in effect until June 30, 2027, providing immediate income stability.
On the commercial side, unit 2516--a 1,200 sq. ft. space currently vacant--has a rental value of $1,200 per month.
Unit 2522, an 800 sq. ft. commercial space also vacant, has a rental value of $1,000 per month.
Building details and property interior
Dimensions
48' 6" X 41' 10"
Year constructed
1952
Living area
376.89 m²
Siding
Brick
Roofing
Elastomeric membrane
Dividing Floor
Wood
Lot and exterior features
Lot size
48' 6" X 81' 9"
Lot area
357.30 m²
Topography
Flat
Parking (total)
Driveway (1)
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Wall-mounted air conditioning, Signs allowed
Water Supply
Municipality
Sewage System
Municipality
Occupancy
Double
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 428,800
- Building assessment
- $ 320,100
- Total
- $ 748,900
Taxes
- Municipal (2026)
- $ 9,475
- School (2026)
- $ 512
- Total
- $ 9,987
Annual expenses
- Insurance
- $ 3,500
- Total
- $ 3,500
Gross annual revenues (potential)
- Residential
- $ 22,440
- Commercial
- $ 26,400
- Total
- $ 48,840
Inclusions and exclusions
Mortgage payment calculator
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