Stock in Montreal for sale

[mcbg22]

Seen online recently...

[john4112nola]

To clarify, the building is for sale, the 2 businesses (Stock and Unity); are not for sale. 

 

iconic building in downtown Montreal. Housing two Village institutions, in operation for over 25 years. Le Stock Bar, 6,800 sq ft on the ground floor, plus a full‑size basement. Club Unity on the second and third floors, plus a huge rooftop terrace. The building also has a very large parking lot of 3,268 sq ft. Building in very good condition having undergone major renovations. Exceptional income of $350,000 per year. And the tenants pay all business taxes, in the amount of $90,265 for the year 2025. The building has two addresses, 1171 Ste-Catherine East and 1400 Montcalm. GST/QST must be added to the asking price

[+ SirBillybob]

33 minutes ago, john4112nola said:

To clarify, the building is for sale, the 2 businesses (Stock and Unity); are not for sale. 

Correct. Also, Stock (+ Stock’n’Soda) and Club Unity are independent of each other, not operated by the same entity. What is unclear is whether they are currently leasing. A listing is not a sale. I imagine it would need to be sold prior to any venue closures, also depending on prospective new owner’s goals.

Edited May 5 by SirBillybob

[Luv2play]

 

If the new owners of the property opt to demolish and put up a high rise then the current tenants will have to vacate. 

Edited May 5 by Luv2play

[b2bf]

That whole strip of St. Catherine is in a sorry state but so too is Church St. in Toronto (with the block at the NW of Church and Welsley now slated to become a highrise). The only Gayboroughood left in Canada with some vibrancy is in Vancouver.

[+ BOZO T CLOWN]

The Gay Village never really recovered from COVID. That, combined with the dramatic increase in homeless, panhandlers, and drugs over the years on Rue Ste. Catherine, are primarily responsible for the decline.
However, even with the potential loss of Stock Bar from the scene, Montreal will still have three male strip clubs. Bozo isn't aware of any other city around that can also boast of having three male strip clubs.

BTC
🤡

Edited Tuesday at 04:41 PM by BOZO T CLOWN

[brettnyc]

Sorry to hear the news about Stock...would say it is the end of an era, but Stock's era ended with the renovation of the bar and introduction of dancers who looked like they walked off the street.   

[+ BOZO T CLOWN]

From the Stock Bar Facebook page:

Stock & Soda ·

Follow

 ·

 

IMPORTANT UPDATE

We've seen several rumors passing today about Le Stock and Unity, and we want to clarify the situation immediately.

The building is actually for sale — this is not new. This has been the case for several years.

However, the ad published yesterday on Centris stating that the building could be "for sale or demolished" is an error on the part of the real estate agency.

Even the owner of the building was unaware of this mention.

It was never about demolishing the building.

What's really happening:

The aging owner just wants to sell the building — nothing more.

On our side, we have strong leases already signed, so there is no need to worry about the continuity of our establishments.

In short:

No closure.

No tear down.

Don't panic.

We're here to stay

Thank you for your support — and we look forward to seeing you as always to keep the Village rocking

 

BTC
🤡

[+ SirBillybob]

Listings flirt with redevelopment potential, broadening and baiting interest. For example, stipulating a building zoning height reg while also emphasizing stable established income property advantages. Tenants cite durable leases. Both can be true and it’s a long game. Is the aging seller going to walk away with millions while setting up a soap box to advocate for his current occupants? Altered skyline to be determined. 

That said, a tear down following recent upgrades is additional sunk cost for a developer, as surely those improvements are baked in to the price. 

Edited Tuesday at 11:13 PM by SirBillybob

[Luv2play]

13 hours ago, b2bf said:

That whole strip of St. Catherine is in a sorry state but so too is Church St. in Toronto (with the block at the NW of Church and Welsley now slated to become a highrise). The only Gayboroughood left in Canada with some vibrancy is in Vancouver.

I’m going to Toronto this weekend and staying on Church St. I’ll let you know how the gay village is doing.