Seven Years Later, Still For Sale
May 14, 2008 by Deyanira Bautista
Filed under Montreal Real Estate, Montreal for Rent
As long as I can remember the area around Notre Dame Street and de la Montagne has been continually changing.
Fields were cleared up, condos were developed on the west, then on the east side, . Many years have gone by since all the construction began, and amazingly enough this guy still has his for sale sign.
If I am not mistaken, it has been about seven years, maybe even more, that this property has had that same old sign: FOR SALE OR FOR RENT.
Previously, they had tenants on the main floor. Now, they don’t even have that. The building looks empty, run down and abandoned.
Trying to get the scoop on the situation here, I made a few calls to the number posted. No luck. If it’s not busy, the answering machine picks up. So, what’s the deal here? Is it for sale or not? Is it available for rent?
Are they selling out to the next developer? I think that’s just it.
Posted by: Deya Bautista - Affiliated Real Estate Agent working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889 
Well i can tell you why this piece of “prime land” is still for sale and neglected:
the owner – an old man who is in no rush to sell – asks $3,8 million for the building and the parking at back.
I inquired because the building itself interrests me and i had – notice the past tense here – i had a smooth idea to help bring some life in the area, but there is no way i can find 3.8 $M and expect to be profitable or even break even.
SO saddly this land will be bought by a huge contractor who will pop some souless commercial spaces at the bottom and put up as many condos as needed to be profitable on top.
My two cents :)
Ugo
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