10-Unit Plex for Sale or Exchange
Plateau-Mont-Royal | Montreal
Exchange possible for a house, condo, or plex in Florida
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Illustrative image only.
**HIGHLIGHTS**
• 8 residential units
• 2 commercial units
• Current annual revenue of $303,600
• Short-term rental permits already in place
• Partial seller financing available
• Possibility of exchange for a house, condo, or plex located in Florida
• Sale directly by the owner
**Asking Price:** $4,500,000
**Recent Bank Appraisal:** $4,500,000
**LOCATION**
Situated in the heart of Plateau-Mont-Royal, one of Montreal's most desirable neighborhoods, this property enjoys a prime location on the iconic Saint-Denis Street.
It is within immediate walking distance of shops, restaurants, cafés, services, and public transportation, and less than a five-minute walk from Mont-Royal Metro Station.
**GENERAL DESCRIPTION**
This prestigious building features eight (8) residential units and two (2) commercial spaces.
Its stunning limestone façade, characteristic of the finest buildings in Plateau-Mont-Royal, offers an elegant, timeless, and highly sought-after appearance.
The units are currently maintained in excellent condition.
The property also holds all necessary permits and authorizations for operating short-term tourist accommodations.
Due to recent regulatory changes by the City of Montreal and the Government of Quebec, obtaining new permits of this type has become extremely rare, adding significant value for any buyer.
**CURRENT OPERATING MODEL**
The units are currently leased to a company specializing in short-term tourist accommodations.
The buyer may choose to maintain this arrangement and continue receiving rental income without the need to manage the tourism operations directly.
**DEVELOPMENT POTENTIAL**
There is potential to add additional residential units at the rear of the building, as well as the possibility of creating a basement beneath the commercial spaces, which could significantly increase the rentable area, subject to necessary verifications and approvals.
**CURRENT REVENUE**
Residential: $17,700 / month
Commercial: $7,600 / month
**Total:** $25,300 / month
Annual residential revenue: $212,400
Annual commercial revenue: $91,200
**Current annual total:** $303,600
**PRICE AND TERMS OF SALE**
**Asking Price:** $4,500,000
Partial seller financing available.
Possibility of exchange for a house, condo, or plex located in Florida.
Sale without legal warranty of quality, at the buyer's risk.
Sale directly by the owner.
Property not listed on MLS.
The photo shown is for illustrative purposes only.
Additional photographs and detailed information about the property can be provided after an initial inquiry.
To ensure the seriousness of potential buyers and maintain the confidentiality of the property, this information will only be shared with genuinely interested parties.
**CONTACT**
For more information, please contact me via email at:
capitalfamilial@gmail.com
or send me a message through Messenger.
Thank you for your understanding.
Best regards,
Ariane
Ariane Clement
Capital Familial
