Triplex with Commercial Ground Floor on Laurier Ouest

Located on the prestigious Laurier Ouest, this centennial building offers a rare blend of architectural character, stable income, and thoughtful updates. The property includes a commercial ground floor occupied by the well-established Taverne du Pélican, a local favourite with a solid reputation, as well as two fully renovated residential units on the upper floors.

The building shows excellent financial performance, with a cap rate of 6.2% and a gross revenue multiplier (MRB) of 14. The commercial tenant is on a long-term lease and contributes 40% of the municipal taxes annually, providing added financial security. Revenue has been steadily increasing year over year.

Extensive improvements have been completed, including:

Heating system (2020)

Roof replacement (2020)

Full kitchen renovations in both apartments (2021)

East wall exterior cladding (2019)

The property has been fully optimized and well-maintained, minimizing future capital expenditures. The charm of the original architecture has been preserved while integrating modern systems and finishes. An ideal low-maintenance investment in one of Montreal's most desirable neighbourhoods.