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

$3,596,000 +GST/QST

MLS® # 13917978

Investment For Sale In Golden Square Mile, Montréal (Ville-Marie), Quebec

$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 Assessment:

  • 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:

  • Pieces 3
  • Bedrooms 1
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1

Courtesy of: Royal LePage du Quartier

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.