Description
This investment opportunity consists of the joined properties at 1535-1539 and 1545-1549 Jarry E., offering significant revenue potential for value-add investors. As a succession sale, there is no seller's declaration. The building presents a compelling value proposition: half is in excellent condition, while the other half requires updates to achieve market-rate rents. Additional upside includes monetizing underutilized lockers and parking spaces, along with the potential to convert basement area into residential units, further increasing income streams.This opportunity allows investors to benefit from immediate cash flow + future potential.
Exceptional semi-commercial property for sale in the heart
of Villeray, Montreal. Positioned at the corner of Jarry E.
and Fabre, this opportunity offers a perfect mix of
residential and commercial potential in one of Montreal's
highest gentrifying neighborhoods.
The property includes 9 residential units (4x 3½, 5x 4½)
and 4 commercial spaces, with room to increase commercial
and residentials rents as leases expire. All basement,
parking and storage are not accounted for in the revenues
and they are free of additional revenues. Private parking
is available at the rear. The high-traffic location ensures
strong demand, with annual revenues exceeding $200,000 and
rents currently below market value, allowing for
significant upside.
Surrounded by key amenities, public transit, schools,
shops, cafes, and Highway 40 access, this investment offers
exceptional tenant appeal. There's also potential to
convert underutilized basement space into additional units,
further boosting returns.
With a flexible configuration, strong income stream, and
prime location, this is a rare opportunity in Montreal's
competitive market.
Contact us today to request the financial sheet and
additional details.
**All measurements to be verified by the buyer**
Interior pictures coming soon**
