1059 Rue Wellington
Montréal, QC H3C 1V6 Le Sud-Ouest

$3,205,516 USD

Apartments Condo For Sale • 5,125 SF

Property Details

Property Type Apartments
Total Building Size 281,269 SF
Building Class A
Year Built 2013

100 Transit Score

90 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit 1059

Retail

5,125 SF

$3,205,516 USD

Unit Size: 5,125 SF
Condo Use: Retail
Price: $3,205,516 USD
Sale Type: Investment or Owner User
Price/SF: $625.47 USD

Description

Restaurant dining area, kitchen, signage, existing build-out

Sale Notes

Fully leased single-tenant restaurant premises with significant mark-to-market upside. The current tenant’s renewal options were not exercised within the required notice period and are no longer available. This creates a compelling opportunity to re-lease or reposition the premises following lease expiry in March 2027.

The space may be split into two units with two civic addresses, one on Wellington and one on Peel.

                
                    Highlights
                
                                Strong visibility and prominent frontage at the intersection of Wellington Street and Peel Street in Montréal’s Griffintown / downtown corridor.
                            
                                The 5,125 SF premises can be split into two units, each with its own separate civic address — one fronting Wellington and the other fronting Peel.
                            
                                The lease runs through March 2027. The renewal options contained in the lease were not exercised in time and are no longer available to the tenant.
                            
                                Significant Mark-to-Market Upside
                            
                                Existing restaurant build-out with strong street presence. Can be released as a whole 5,125 SF premises or as two separate premises.
                            
                                Frontage on Rue Wellington and Rue Peel