Description

Great cross revenue property with multiple potential as investor or owner occupant investor. It is located in Triple AAA location in highly demanded Plateau area. see addendum for more details! Lots of room for optimization for new investor buyer(s). Vendor has done lots of improvements and has increased revenues and secured a triple net lease with established Benjamin Moore franchise owners La Cité Des Peintres Inc.

Semi-commercial 1 commercial local & 8 residential studio appt Unit(s)

Commercial Building description: -200 Rachel street (commercial premises retail store) -1st floor; store with mezzanine office -Basement with 6 feet and more ceilings for inventory storage. -Loading dock with garage door Rental income: Tenant Occupied:$5405.00/month (As of July 1st, 2026) additional rent(50 % recovery for building Exp) Annual $11870.88/ Monthly $989.24)

Gross Income calculation includes (rent recovery ($989.24) : $6394.24 per month /Annual $76730.88 Please note new numbers as of July 1st, 2026 have been updated with new increased amounts.

Description residential apartments: 204 Rachel 2 floors - 4 units per floor common hallway w/storage lockers and staircase studio apartments rental income: $7876.00 per month / Annual $94512.00 (2026)

Gross Income : $14270.24 per month / Annual $171242.88 (Commercial & Residential)

Building Expenses

Municipal Taxes 2026: $15139.63(R) School taxes 2026: $837.09 (R) Insurance 2026: $7767.52 (R) (50% recovery total = $11870.88) Hydro 2026: $4948.12 (residential only, no recovery)

Total expenses: $16821.48 Annual or $1401.79/Month

NOI: $14270.24/Month or $171242.88 (annual) refer to financial summary page NOI net

Signed leases and financials where applicable applicable to a PPG offering.

Sale with exclusion(s) of legal warranty: This sale is made without legal warranty at the buyer's risk.

-5 residential units fully renovated (2025-2026) Bathrooms, kitchenettes, flooring, lighting, appliances, painted -Common areas & corridors updated & painted (June 2025-2026) $100K+ invested commercial exterior& Interior freshly painted & upgraded leasehold improvements (2024-2025) -Basement remediated with new cement slab and completed Phase 1-4 environmental reports. -- over $200K invested total

Location: AAA corner property with high pedestrian/vehicular visibility in the heart of Plateau Mont-Royal. Steps from bus stops, metro stations, downtown Montreal, McGill & Concordia University, Mont-Royal Mountain, shopping, and all urban conveniences.