- What Mercer Group is seeking $30m for apartments in Montréal’s Plateau Mont-Royal
- Why More than three-quarters of the fully leased building is studio units
- What next Colliers is marketing the property
An apartment building in Montréal’s Plateau Mont-Royal district has hit the market with guidance of $30m, Green Street News can reveal.
The 112-unit building, at 105 rue Milton, would be worth roughly $268,000/unit at that price. Colliers has the marketing assignment on behalf of Mercer Group, a local firm active in the city’s multifamily and mixed-use sectors.
The 13-storey building, which totals nearly 40,000 sq ft, is fully leased. Some 91 units, or 81% of the building, are studios. There are 20 one-bedroom units and a single two-bedroom rental.
The property is close to Mont-Royal Park and the city’s Little Italy neighbourhood. Place-des-Arts metro station is the closest transit option, 600m from the property, and Montréal-Pierre Elliott Trudeau International Airport is 15km west.
