Avison Young lists iconic retail and entertainment landmark, Carrefour iA, for sale

Montréal, Québec – Global commercial real estate advisor, Avison Young, announces for sale Carrefour iA – Montréal’s iconic retail and entertainment destination.

Located at 977 Sainte-Catherine Street West in the heart of downtown, Carrefour iA comprises approximately 211,497 square feet, offering 219 feet of frontage along Sainte-Catherine Street, Montréal’s premier retail corridor. It is strategically located near the Central Business District, McGill University, and the Golden Square Mile, and thus benefits from exceptional visibility, accessibility, and sustained pedestrian traffic.

“This is a rare opportunity to acquire a fullblock, trophy retail and entertainment asset along one of Canada’s premier highstreet corridors,” said Mark Sinnett, Principal, Executive Vice President, Québec Capital Markets, Avison Young. “Carrefour iA stands as a true urban landmark with durable cash flow and longterm value creation potential.”

The six-storey property was constructed in 1929 and showcases exceptional visibility, large floor plates, and excellent ceiling heights. Directly connected to the underground pedestrian network and public transit, Carrefour iA is surrounded by Montréal’s most dynamic shopping, dining, and entertainment offering, and benefits from significant foot traffic driven by tourists, office workers, students, and residents. Furthermore, with the recent opening of the REM, which will contribute positively to increase downtown accessibility, this is a particularly opportune time for an investor to own a portion of Montréal’s thriving downtown scene.

Anchored by Simons and Cineplex, Carrefour iA features 99.7% occupancy and a weighted average lease term of 13.9 years, ensuring income durability and long-term visibility for investors.