Multi-Residential · 9-Plex

Rare 9-Plex Investment
Saint-Henri

3049 to 3065 Rue Workman, Montréal

Exclusive Listing

$2,198,000

≈ $244K per door

Units · All 4½

$112,572

Gross Revenue

$100,818

Net Operating Income

$1,042

Avg Rent / Unit

Overview

An asset investors wait years to find, a true 9-plex in Saint-Henri, scale and income diversification on a single deed.

Nine-unit buildings in Saint-Henri rarely change hands. The market is dominated by triplexes and duplexes; an asset of this size is a structural anomaly and a genuine rarity in one of Montréal's most supply-constrained corridors.

The property is priced below current market rent levels, with in-place income of $112,572 and a clear path to $210,000 to $230,000 as leases turn. That spread is the opportunity, real, durable, and underwritten by one of the strongest rental submarkets in the city.

The heavy capital has already been spent: foundation, roof, masonry, and windows. A new owner steps into stabilized operations with limited near-term capex exposure and a defined runway to income optimization.

Property Overview

Property Type	Multi-Residential
Configuration	9-Plex
Unit Mix	9 × 4½
Address	3049 to 3065 Rue Workman
Neighbourhood	Saint-Henri, Le Sud-Ouest
Recent Capex	≈ $275,000
Scope of Works	Foundation · Roof · Masonry · Windows

Financial Summary

Asking Price	$2,198,000
Price per Door	≈ $244,000
Gross Revenue (Current)	$112,572 / year
Net Operating Income	≈ $100,818 / year
Average Rent	≈ $1,042 / unit / month
Rental Potential	$210,000 to $230,000 / year
Upside Spread	≈ $100,000+ annually

    Investment Highlights
    Rare 9-unit asset in a submarket dominated by smaller plexes
Steps from Lionel-Groulx metro, green and orange lines
Structural, not cyclical, tenant demand anchored by transit and Sud-Ouest momentum
Significant upside, in-place $112,572 versus $210K to $230K market potential
≈ $275,000 in recent capital work: foundation, roof, masonry, windows
Low near-term capital risk, the heavy lift is done
Income diversification across nine leases, not one or two
Ideal for long-hold investors seeking scale in a tightly held corridor

  

Portfolio Opportunity

Acquire Alone, or as a 13-Unit Position

This property can be acquired individually or as part of a portfolio with the adjacent building at 3039 to 3045 Rue Workman, offering a combined 13-unit investment opportunity on the same block.

Location

Saint-Henri, Le Sud-Ouest. One of Montréal's most quietly coveted corridors, where canal-side transformation, institutional employment, and walkable urban fabric have compounded for more than a decade.

Lionel-Groulx metro is steps away, offering direct access on both the green and orange lines and placing downtown, Atwater Market, and the entire West Island commute within minutes.

The result is a rental base that is structural rather than cyclical, driven by transit, employment, and lifestyle, not by short-term trends.

Metro	Lionel-Groulx
Lines	Green · Orange
Borough	Le Sud-Ouest
Neighbourhood	Saint-Henri
Nearby	Atwater Market · Canal Lachine · Downtown

Discuss This Property Privately

For the full rent roll, expense detail, and portfolio economics, or to arrange a private viewing, reach out directly.

Contact Shanna Giannakis

(514) 893-5120 · shanna@royallepage.ca