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1218 - 1224 Rue Bishop, Montréal (Ville-Marie), QC, H3G 2E3

MLS® # 13917978
Investment For Sale In Golden Square Mile, Montréal (Ville-Marie), Quebec
$3,596,000 +GST/QST
Frontage - 1218  - 1224 Rue Bishop, Montréal (Ville-Marie), QC - Outdoor
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1218 - 1224 Rue Bishop, Montréal (Ville-Marie), QC, H3G 2E3
$3,596,000 +GST/QST

Property Information:

This exceptional 4plex offers a unique investment opportunity with two residential and two commercial units, all currently leased. Situated in the vibrant Downtown Montréal, this property enjoys a central location. The 4plex presents a lucrative investment opportunity, benefiting from its prime location, proximity to key amenities, and the ongoing urban development in the surrounding area. With all units currently rented, this property promises a steady stream of income for savvy investors looking to capitalize on the dynamic real estate market in Downtown Montréal.

Location: The property is strategically positioned in a high-density area, surrounded by office complexes, government buildings, condominiums, and residential structures. Its proximity to rue Ste-Catherine ouest adds to its allure, providing easy access to the city's commercial and entertainment hub.

Development Boom: The area is witnessing a significant surge in development, with five new residential and condo towers under construction within a three-block radius. This burgeoning landscape is indicative of the area's growth and attractiveness to real estate investors.

Surrounded by Diversity: With a mix of commercial and residential units, the property is ideally situated amidst a diverse community. This diversity, coupled with the nearby office spaces and government buildings, enhances the property's appeal for both commercial and residential tenants.

Future Potential: The ongoing construction of residential and condo towers within close proximity signifies the area's potential for continued growth and increased property values. Additionally, the presence of a hotel under construction next door adds an element of sophistication to the neighborhood.

Inclusions: According to leases.

Exclusions : According to leases.

Building Features:

  • Style: Fourplex
  • Foundation: Stone
  • Proximity: CEGEP, Daycare centre, Hospital, Metro, Park, Elementary school, High school, Public transportation, University
  • Roofing: Asphalt and gravel
  • Siding: Brick, Stone
  • Size: 24.0 x 80.0 Feet
  • Window Type: French door
  • Windows: Aluminum, Wood, PVC
  • Heating System: Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $40,140
  • Commercial: $153,264

Taxes:

  • Municipal Tax: $55,057
  • School Tax: $1,754
  • Annual Tax Amount: $56,811

Property Assessemnt:

  • Lot Assessment: $1,056,200
  • Building Assessment: $831,300
  • Total Assessment: $1,887,500

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1
  • Built in: 1885
  • Irregular: Yes
  • Lot Depth: 126.0 Feet
  • Lot Frontage: 24.0 Feet
  • Zoning: RESI

Revenue Units:

Unit 1

  • Pieces 3
  • Bedrooms 1
  • Baths 1

Unit 2

  • Pieces 4
  • Bedrooms 2
  • Baths 1

Unit 3

Unit 4

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Sold without legal warranty of quality, at the buyer's own risk.

Location of 1218 - 1224 Rue Bishop, Montréal (Ville-Marie), QC, H3G 2E3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

33 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

33 hot days expected in 2050

50/100

High

ClimateCheck®

Current data

This property, 1218 - 1224 Rue Bishop , experiences 7 hot days per year at around 30.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.9℃
2050
34.3℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

71/100

ClimateCheck®

Current data

This property, 1218 - 1224 Rue Bishop , experiences 11 significant 2-day storms per year, with about 351.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 455.6mm of precipitation per year.

Precipitation Per Storm

Past
351.5mm
2050
455.6mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 1218 - 1224 Rue Bishop, Montréal (Ville-Marie), QC, H3G 2E3

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$113,624.68

Average Number of Children

1.40

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

3.33 %

High school certificate or equivalent

17.52 %

Apprenticeship trade certificate/diploma

3.21 %

College/non-university certificate

15.19 %

University certificate (below bachelor)

5.21 %

University Degree

55.54 %

Commuter

Travel To Work

By Car

35.15 %

By Public Transit

25.11 %

By Walking

34.7 %

By Bicycle

0.99 %

By Other Methods

4.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

99.46 %

Houses

Own Vs. Rent