Description

Welcome to 4442--4446 & 4448--4454 Avenue Papineau, two beautifully renovated, attached triplexes ideally located side by side on one of Montréal's most vibrant and well-known commercial corridors. Situated directly on Avenue Papineau, with Avenue Mont-Royal as the nearest major intersection, these properties benefit from an exceptional location in the heart of Le Plateau-Mont-Royal. Residents enjoy immediate proximity to some of the city's most renowned restaurants, cafés, boutiques, and the iconic Parc La Fontaine, along with convenient access to public transportation, including nearby bus routes and metro stations. The properties feature an attractive unit mix consisting of spacious 3, 4, and 5-bedroom apartments, offering large layouts that are highly desirable in the rental market. The buildings have been extensively renovated, providing investors with a true turnkey asset requiring minimal immediate capital improvements. The ground floor is occupied by commercial tenant LMDI Inc. LMDI Inc. occupies a 1,980 SF commercial space under a triple-net lease beginning August 1, 2024 and expiring July 31, 2029, with one 5-year renewal option extending the potential occupancy until July 31, 2034. The tenant operates professional office activities including real estate, mortgage brokerage, business development, and legal-related services. The lease provides stable income with annual 3.5% rental increases and recovery of operating expenses through the NNN structure. With strong in-place rents, consistent cash flow, and a prime location in one of Montréal's most sought-after neighbourhoods, this is a rare opportunity for an investor to acquire a fully stabilized asset offering long-term income security and future upside potential.