In April 2020, at the height of the global pandemic, Capstone Developments successfully completed the off-market acquisition of the Walkley property. The team acted swiftly and decisively to close the transaction and set in motion an ambitious redevelopment plan.

Capstone’s team undertook the challenge of reimagining and modernizing the property’s residential units into open-concept, condominium-style apartments. This transformation required significant structural interventions, including the relocation of load-bearing walls to create brighter, more spacious living areas.

Each unit was fully gutted and upgraded, featuring:

• New flooring, finishes, and modern bathrooms
• Kitchen islands and integrated living-dining layouts
• Resurfaced terrazzo floors, new windows and doors, and enhanced masonry
• Added bedrooms by creatively combining former janitor closets into adjacent units

Beyond the interiors, the Capstone team also carried out extensive building-wide and exterior improvements – including roofing, balcony refurbishments, landscaping, and additional parking spaces.

Thanks to Capstone’s in-house leasing operations, the Walkley property is now fully stabilized and refinanced. The result is a revitalized, high-quality residential community in the NDG borough, reflecting Capstone’s ongoing commitment to enhancing Montreal’s urban landscape.

Capstone Developments remains actively engaged in multi-family and mixed-use redevelopment projects, with a continued focus on efficient acquisitions and transformative upgrades — building on the success of Walkley and beyond.