$775,000 +GST/QST
semi-commercial for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
$775,000 +GST/QST
$775,000 +GST/QST
semi-commercial for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
$775,000 +GST/QST
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2516 - 2522 Rue L.-O.-David, Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel), H2A 1N1
Rare opportunity to acquire a fully functional semi-commercial building in the heart of the Saint-Michel district in Montreal. Located at 2516-2522 L.-O.-David Street, this two-story row building offers a strategic combination of stable residential income and commercial spaces with high growth potential. With a potential gross annual income of $48,840 and a non-normalized net operating income of $35,353, this property represents a solid investment vehicle for the savvy investor looking to diversify their real estate portfolio in a rapidly transforming sector.
-
Lot area:
3,846 SF - NUMBER OF ROOMS : 0
- Year built : 1952
Building details and property interior
48'6" X 41'10"
1952
4,056.81 SF
Brick
Elastomeric membrane
Wood
Addenda
Potential gross income: $48,840
Operating expenses: $13,487
Net operating income: $35,353
Capitalization rate: 4.56%
Gross income multiplier: 15.87
Price per door: $387,500
Built in 1952 on a 41,397 sq. ft. lot (48.6 x 81.9 feet).
The property totals 4,056 sq. ft. of living space spread over two floors.
The brick-clad building offers proven durability.
Roof covered with an elastomeric membrane.
Wooden floor joists.
Electric baseboard heating at the tenants' expense.
Residential and commercial zoning -- mixed-use.
The building includes four units in total:
Two residential units and two commercial spaces.
Unit 2518, a 5.5-room apartment with 3 bedrooms, generates a monthly rent of $990.
Unit 2520, a 4.5-room apartment with 2 bedrooms, generates $880 per month.
Both residential leases are in effect until June 30, 2027, providing immediate income stability.
On the commercial side, unit 2516--a 1,200 sq. ft. space currently vacant--has a rental value of $1,200 per month.
Unit 2522, an 800 sq. ft. commercial space also vacant, has a rental value of $1,000 per month.
Building details and property interior
48'6" X 41'10"
1952
4,056.81 SF
Brick
Elastomeric membrane
Wood
Lot and exterior features
48'6" X 81'9"
3,845.95 SF
Fenced
Flat
Driveway : 1
Commercial , Residential
Characteristics
Electric baseboard units
Electricity
Wall-mounted air conditioning , Signs allowed
Municipality
Municipality
Financial details
Assessment (2026)
Taxes
- (2026)
- (2026)
Gross yearly revenu (potential)
Annual Expenses
NEIGHBOURHOOD STATISTICS
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24.1%
-
21.0%
-
11.7%
-
18.2%
-
25.0%
-
4.3%
-
7.9%
-
29.4%
-
54.9%
-
3.4%
MORTGAGE PAYMENTS CALCULATOR
- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
Financial details
Assessment (2026)
Taxes
- (2026)
- (2026)
Gross yearly revenu (potential)
Annual Expenses
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- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
