$1,750,000
ULS: 22081438
Quadruplex
for sale
823 Rue Ontario E., Montréal (Ville-Marie) (Centre)
Superb 4-plex featuring 3 residential units and 1 commercial unit, located in a vibrant downtown area. Well-maintained building offering strong revenues (118 440 $/year) and excellent optimization potential. Units #1 and #2 will be vacant as of July 1st, allowing for re-renting, owner occupancy, or a potential undivided co-ownership conversion. Unit #2 includes an exceptional around 1,600 sq. ft. rooftop terrace. The commercial unit can be divided to add a residential apartment. Ideal location close to services, shops, and public transit.
Living area
488.10 m²
Property features
2
Bedrooms
2
Bathrooms
Addendum
Discover this superb 4-plex featuring three residential units and one commercial unit, located in one of the most vibrant areas of downtown.
Well maintained over the years, the property offers a solid structure, strong annual revenues (118 440 $/year), and highly attractive optimization potential for both investors and owner-occupants.
Units 2004 #1 and #2 will be vacant as of July 1st -- a rare opportunity to re-rent at current market rates, occupy one of the apartments yourself, or consider a conversion into undivided co-ownership to maximize resale value.
Unit #2 stands out with an exceptional rooftop terrace of approximately 1,800 sq. ft., an impressive and rare outdoor space in the neighbourhood with outstanding layout potential.
The ground-floor commercial unit also provides a significant optimization lever. With its current 1,200 sq. ft. and large basement, the space could be divided to create a mixed configuration: 600 sq. ft. commercial and 600 sq. ft. residential, each benefiting from an additional ±600 sq. ft. in the basement. This reconfiguration would allow the addition of a residential unit while maintaining a profitable commercial component, significantly increasing potential revenues.
One water heater is rented; the other three are owned.
The electricity costs covered by the owner are approximately $35 per month for the common areas.
The rented water heater costs $13 per month.
The building enjoys an ideal location in the heart of a lively, accessible, and high-demand area.
You are within walking distance of numerous local shops, cafés, restaurants, essential services, as well as major metro stations and bus lines.
The neighbourhood is appreciated for its dynamic atmosphere, downtown accessibility, nearby universities, and active daily life, the perfect environment to attract a diverse clientele and ensure excellent rental stability.
A versatile, well-located property filled with possibilities, ideal for an investor seeking a combination of strong returns, optimization, and long-term growth.
Well maintained over the years, the property offers a solid structure, strong annual revenues (118 440 $/year), and highly attractive optimization potential for both investors and owner-occupants.
Units 2004 #1 and #2 will be vacant as of July 1st -- a rare opportunity to re-rent at current market rates, occupy one of the apartments yourself, or consider a conversion into undivided co-ownership to maximize resale value.
Unit #2 stands out with an exceptional rooftop terrace of approximately 1,800 sq. ft., an impressive and rare outdoor space in the neighbourhood with outstanding layout potential.
The ground-floor commercial unit also provides a significant optimization lever. With its current 1,200 sq. ft. and large basement, the space could be divided to create a mixed configuration: 600 sq. ft. commercial and 600 sq. ft. residential, each benefiting from an additional ±600 sq. ft. in the basement. This reconfiguration would allow the addition of a residential unit while maintaining a profitable commercial component, significantly increasing potential revenues.
One water heater is rented; the other three are owned.
The electricity costs covered by the owner are approximately $35 per month for the common areas.
The rented water heater costs $13 per month.
The building enjoys an ideal location in the heart of a lively, accessible, and high-demand area.
You are within walking distance of numerous local shops, cafés, restaurants, essential services, as well as major metro stations and bus lines.
The neighbourhood is appreciated for its dynamic atmosphere, downtown accessibility, nearby universities, and active daily life, the perfect environment to attract a diverse clientele and ensure excellent rental stability.
A versatile, well-located property filled with possibilities, ideal for an investor seeking a combination of strong returns, optimization, and long-term growth.
Building details and property interior
Dimensions
27' 1" X 56' 7"
Year constructed
Unknown
Living area
488.10 m²
Siding
Brick
Bathroom
Ensuite bathroom, Separate shower
Lot and exterior features
Lot area
168.40 m²
Topography
Flat
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Highway, Elementary school, High school, Public transportation, University, Bicycle path
Room details
Unit 1 (Monthly residential revenue)
Living room
Level:
2nd level
Dimensions:
14'6" X 14'6"
Flooring:
Wood
Details:
Dining room
Level:
2nd level
Dimensions:
8'8" X 12'9"
Flooring:
Wood
Details:
Kitchen
Level:
2nd level
Dimensions:
15'3" X 10'11"
Flooring:
Wood
Details:
Primary bedroom
Level:
2nd level
Dimensions:
14'7" X 15'7"
Flooring:
Wood
Details:
Bathroom
Level:
2nd level
Dimensions:
8'0" X 6'8"
Flooring:
Ceramic
Details:
En-suite
Bedroom
Level:
2nd level
Dimensions:
10'5" X 12'5"
Flooring:
Wood
Details:
Bathroom
Level:
2nd level
Dimensions:
9'3" X 10'2"
Flooring:
Ceramic
Details:
Laundry room
Level:
2nd level
Dimensions:
9'7" X 9'9"
Flooring:
Wood
Details:
Unit 2 (Monthly residential revenue)
Living room
Level:
3rd level
Dimensions:
14'10" X 19'10"
Flooring:
Ceramic
Details:
Dining room
Level:
3rd level
Dimensions:
9'5" X 15'6"
Flooring:
Wood
Details:
Kitchen
Level:
3rd level
Dimensions:
19'2" X 23'7"
Flooring:
Wood
Details:
Primary bedroom
Level:
3rd level
Dimensions:
16'1" X 13'5"
Flooring:
Wood
Details:
Walk-in closet
Level:
3rd level
Dimensions:
8'1" X 8'4"
Flooring:
Wood
Details:
Bathroom
Level:
3rd level
Dimensions:
9'2" X 9'8"
Flooring:
Ceramic
Details:
En-suite
Bathroom
Level:
3rd level
Dimensions:
6'3" X 8'0"
Flooring:
Ceramic
Details:
Unit 3 (Monthly residential revenue)
Living room
Level:
1st level/Ground floor
Dimensions:
14'3" X 9'8"
Flooring:
Ceramic
Details:
Kitchen
Level:
1st level/Ground floor
Dimensions:
14'2" X 14'11"
Flooring:
Wood
Details:
Bedroom
Level:
1st level/Ground floor
Dimensions:
10'6" X 13'9"
Flooring:
Wood
Details:
Bathroom
Level:
1st level/Ground floor
Dimensions:
8'4" X 6'0"
Flooring:
Ceramic
Details:
Unit 4 (Commercial)
Rooms not detailed
Characteristics
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 303,100
- Building assessment
- $ 838,500
- Total
- $ 1,141,600
Taxes
- Municipal (2025)
- $ 10,548
- School (2025)
- $ 829
- Total
- $ 11,377
Gross annual revenues (potential)
- Residential
- $ 84,840
- Commercial
- $ 33,600
- Total
- $ 118,440
Inclusions and exclusions
Inclusions
Appliances and light fixtures in each apartment as per the leases.
Exclusions
The tenants' personal belongings
Mortgage payment calculator
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