For sale / Revenue Property $3,985,000 5587 - 5603 Av. de l'Esplanade Montréal (Le Plateau-Mont-Royal) 2 bedrooms. 1 Bathroom. 4400 sq. ft.. |
Contact real estate broker ![]() Zevy Silberman inc.
Residential and commercial real estate broker
514-231-7764 |
5587 - 5603 Av. de l'Esplanade,
Montréal (Le Plateau-Mont-Royal), H2T2Z9
For sale / Revenue Property
$3,985,000Zevy Silberman inc.
Residential and commercial real estate broker
Legal Note
This online tool has been created to help you plan and calculate your mortgage payments.
It is provided for information purposes only. We cannot guarantee that the calculations will apply to your particular situation or that they will be accurate. Desjardins has no control over the calculation method.
The results of the calculator are estimates based on the data you entered. Please contact your caisse advisor for personalized advice, pre-approval or financing.
Calculations are based on the following assumptions:
- The interest rate remains the same throughout the amortization period.
- The results of this calculator are estimates based on the general data you enter today. This may change according to your financial and budget situation at the time of the loan.
These rates do not take into account the cost of life and disability insurance, should you choose it. They are subject to change without notice. Some conditions apply. Desjardins is not liable for any loss or damage resulting from errors or omissions in the information or calculations.
Description of the property for sale
Exceptional 9-Unit Revenue Property in the Heart of Mile End A rare investment opportunity in one of Montreal's most desirable neighborhoods! This beautifully maintained revenue property is ideally located on Esplanade Avenue, steps from Bernard Laurier and Mount Royal. Offering a mix of well-maintained residential units, this property delivers stable income and strong investment potential in a high-demand rental market
Outstanding Investment Opportunity High Revenue, Major Capital Improvements
This property currently generates $134,112 in annual revenue, with signed leases bringing that total to $138,024 by August 2025. With strategic upgrades and unit turnover, the projected revenue potential reaches up to $245,000 annually.
The building features:
* 4 fully renovated units with high-quality finishes and reliable tenants.
* 3 additional occupied units offering strong potential for future rent optimization.
* 2 vacant units ready to be renovated to maximize income and value with approved plans and permits from the city.
Significant capital improvements totaling over $700,000 have been completed, including:
* Full brick repointing and repairs.
* Replacement of all hot water tanks.
* Reinforced structure and foundation, with excavation and concrete work to relocate hot water systems to the basement.
* Complete renovation of 4 apartments.
* Installation of a new roof.
* Refurbishment of front balconies and stairs.
This is a turnkey investment with significant upside in one of Montreal's most sought-after rental markets.
Included: 5 stainless steel appliances in the 4 renovated apartments
Excluded: All personal belongings of the tenants.
-
Lot surface 4400 PC Lot dim. 50x80 P Building dim. 50x60.1 P -
Heating system Electric baseboard units Water supply Municipality Heating energy Electricity Proximity Cegep, Daycare centre, Hospital, Park - green area, Bicycle path, Elementary school, High school, Public transport, University Parking (total) Outdoor (5 places) Sewage system Municipal sewer Roofing Elastomer membrane Zoning Residential -
Unit Room Dimension Siding Level -
Municipal assessment $2,358,700 (2021) Insurance $7,622.00 Municipal Taxes $15,331.00 School taxes $1,831.00 -
Income $189,312.00
Advertising
Other properties for sale
-
$540,000
Apartment
-
$939,000
Apartment
-
$649,000
Apartment
-
$849,000
Apartment
-
$1,024,000
Triplex
-
$575,000
Apartment
Your recently viewed properties
-
$565,000
Apartment
-
$314,000
Bungalow
-
$435,000
Apartment
-
$395,000
Apartment
-
$1,049,000
Two or more storey
-
$405,000
Apartment