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Catherine Papachristou
Certified Residential and Commercial Real Estate Broker AEO

Cellular : 4506822000
Office : 5142353581
Fax : 4506822242

Revenue property for sale, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) |
$1,850,000 +GST/QST

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5176Z, 5204Z Ch. Queen-Mary, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce)
Centris No. 24024513

Sale of Emphyteutic Lease in the Heart of Côte-des-Neiges. **Investment Opportunity** High-visibility mixed-use building offering approximately 42,367 sq. ft. of leasable space in one of Montréal's most vibrant commercial corridors. Ideally located steps from major services and near the Décarie Expressway. The property benefits from strong pedestrian and vehicular traffic, perfect for attracting quality tenants. Contact us for more information!

Detailed information

Characteristics

Property Type

Revenue property

Year of construction

1967

Type of building

Detached

Trade possible

Building dimensions

Living Area

Lot dimensions

Deed of Sale Signature

Zoning

Commercial

Pool

Water supply

Municipality

Parking (total)

Driveway

Roofing

Garage

Siding

Lot

Windows

Topography

Window Type

Distinctive Features

Energy/Heating

View

Basement

Proximity

Bathroom

Sewage system

Municipal sewer

Dimensions

Lot dimensions (Sq. ft.)

1,258.80 m²

Fees and taxes

School taxes :

$3,662 (2025)

Municipal Taxes :

$132,551 (2025)

Total

$136,213

Expenses / Energy (per year)

Energy cost

$56,681

Other

$68,000

Insurance

$50,904

Municipal evaluation

Year

2026

Lot

$1,384,700

Building

$2,987,800

Total

$4,372,500

Annual Gross Revenue (Potential)

Commerciales

$495,288

Other

$19,152

Total revenue

$514,440

Exclusions

Building

Addenda

An ideal opportunity for investors seeking value-add

potential or a strategic foothold in the high-demand

Côte-des-Neiges sector.

The building consists of 38 units in total:

* 11 prime retail spaces on the ground floor

* 27 versatile office units on the upper levels

With 20 units currently leased, this asset presents

significant upside and excellent potential to increase

revenues through improved occupancy and strategic

repositioning. The total revenue is currently $514,450.87.

The emphyteutic lease expires on April 30, 2035, providing

investors with clarity and a stable planning horizon.

An emphyteutic lease is a long-term real estate lease in

which the lessee (tenant/buyer) holds full rights to use,

improve, and benefit from the property for the duration of

the lease. The buyer acquires the leasehold rights, not the

land itself. The lease has a fixed term and expires on the

date indicated in the listing. The emphyteutic tenant may

operate, renovate, and generate income from the property

during the term. At the end of the lease, the property and

any improvements revert to the landowner.

**The following statements must be duly included in all

promises to purchase**

This sale pertains to an emphyteutic lease and not to the

building itself. This lease will expire on April 30, 2035.

Emphyteutic Lease Rights:

The BUYER acknowledges having been informed of the

existence of the emphyteutic lease, its term, its

expiration date, and its conditions, and agrees to comply

with its terms and obligations until its expiration.

It is agreed between the parties that this sale concerns

only the emphyteutic lease rights attached to the property

described herein, and not the ownership of the land or the

building on which it is erected.

The BUYER also acknowledges having been fully informed of

the legal nature of these rights and the obligations

associated with them, in accordance with the provisions of

the Emphyteutic Lease Act and current practices, and agrees

to comply with its terms and obligations until its

expiration.

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Catherine Papachristou
Certified Residential and Commercial Real Estate Broker AEO
RE/MAX 2000 C.P.

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Revenue property for sale, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) | $1,850,000 +GST/QST

Detailed information

Characteristics

Exclusions

Addenda

Calculators

In the same district

Revenue property for sale, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) |
$1,850,000 +GST/QST