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For sale / Revenue Property

$3,690,000

5587 - 5603 Av. de l'Esplanade

Montréal (Le Plateau-Mont-Royal)

4400.28 sq. ft..

Contact real estate broker

Zevy Silberman inc.

Residential and commercial real estate broker
groupe sutton - immobilia inc.

514-231-7764

5587 - 5603 Av. de l'Esplanade,
Montréal (Le Plateau-Mont-Royal), H2T2Z9

For sale / Revenue Property

$3,690,000

Inscription:
27419006

Type:
Revenue Property

Construction:
1910

9 units

Voir sur la carte 23

Zevy Silberman inc.

Residential and commercial real estate broker

groupe sutton - immobilia inc.

Phone number: 514-231-7764
Agency: 514-272-1010

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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 $133,680 in annual revenue, 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.

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Lot surface	4400.28 PC
Lot dim.	50x88 P
Building dim.	50x60.1 P
Building dim.	Irregular

Water supply	Municipality
Proximity	Highway, Cegep, Daycare centre, Hospital, Park - green area, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Public transport, University
Parking (total)	Outdoor (3 places)
Sewage system	Municipal sewer
Roofing	Elastomer membrane
Zoning	Residential