Description

All offers must be left open for a minimum of 72 hours. Visits with an accepted offer only.

An exceptional multi-residential investment opportunity in
the heart of Vieux-Longueuil. This character-rich building
was formerly a presbytery--the residence of a parish
priest--before being fully converted into residential use
in 2018 by the current owner. While it sits adjacent to a
church, the property is completely independent and has no
connection to the church or its operations.

Currently configured with 20 rental rooms leased to a
master tenant under a gross lease (who sublets the rooms),
this asset offers tremendous flexibility. It can be kept
as-is, converted into studio apartments, or even repurposed
into commercial space, with zoning that allows a variety of
uses (subject to city approval).

Located steps from CEGEP Édouard-Montpetit, local parks,
and community amenities, and just 25 minutes from downtown
Montreal, this property is ideal for investors seeking a
high-upside project in a prime, well-established
neighborhood.

The property offers tremendous flexibility for
repositioning:

- Maintain the current rooming-house model

- Convert into studio apartments

- Rezone and repurpose for commercial, multifamily or
institutional use

The zoning is permissive and open to various redevelopment
possibilities (subject to municipal approval).

The asking price is $1,799,000. $89,950/room. $292 psf.

Total building square footage is 6,150. The property can be
delivered vacant.