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.