Revenue property
1085 Rue Berri H2L4C5 Montréal (Ville-Marie) Montréal Central
$4,100,000 CAD
MLS: 25986879
Listing agents
Description
23 X 2.5 units. Building in a prime AAA location. On Berri Street Between Rene Levesque East and De la Gauchetiere East. Near Old Montréal. The property is ideally situated within walking distance of 3 metro stations, Berri-UQAM, Beaudry, Champ de Mars. Adjacent to Old Montréal. The building benefits from an excellent Walk Score of 99, making it extremely attractive to tenants. The property is in excellent condition, and the units are very easy to rent. Additional upside potential remaining in the rents.
Overview
- Bathrooms
- Bathroom
- Floors
- 4
- Rooms
- Room
- Year built
- 1956
- Living area
- NA
- Lot area
- 2 529 pc
- Building type
- Attached
- Renovations
- Other (2024)
Basement (2024)
Heat (2024)
Kitchen (2024)
Electricity (2024)
Windows (2024)
Floors (2024)
Plumbing (2024)
Bathroom (2024) - Building dimensions
- 25 x 0 feet
7.74 x 0.00 meters - Lot dimensions
- 25 x 88 feet
7.74 x 26.82 meters
Addendum
From a demographic standpoint, the location is exceptional. Within a 1-kilometer radius, the area shows a projected population growth of 1.6% over the next five years, a median age of 37.1, and an average household income of $93,401. This makes the property an ideal rental location for smaller unit configurations.
** The city of Montreal has a 60 day right of first refusal on all offers received ie all offers need to leave 60 days for the city of Montreal to exercise or not the right of first refusal. ** 10 of the 23 units are enrolled in the CMHC MLI Select Affordability Program. Excellent new CMHC loan currently in place, which has to be assumed by the buyer. It is a 5-year 3 month term maturing June 1 2031. Amount of $3,452,184,66 ($3,297,700 Housing loan amount, $151,034,66 insurance premium, $3,450 Application fee. Rate of 3,70% 40 year amortization. Mortgage payment capital and interest of $13,732 per month. Tax escrow per month $1,523.
The sale is made without legal guarantee of quality at the buyer's risk.
NB: Please note that we have indicated the actual expenses on the flyer. The lender will, however, add additional charges, including management fees, a vacancy allowance, as well as provisions for repairs, maintenance, and janitorial services. I invite you to discuss this with your mortgage broker to obtain full details.
NB:
Visit with an accepted promise to purchase only. Buyer must assume Coinamatic (expires December 01 2034 ) and Videotron (expires July 23 2027) contracts.
NB # 2:
The amounts indicated for renovations are estimates provided by the Seller. They are provided for informational purposes only to purchasers and collaborating brokers.
Building details
- Basement
- 6 feet and over
Finished basement - Heating system
- Electric baseboard units
- Siding
- Brick
Lot details
- Zoning
- Residential
Features
- Water supply
- Municipality
- Heating energy
- Electricity
- Distinctive features
- Environmental study phase 1
Environmental study phase 2 - Proximity
- Highway
Cegep
Daycare centre
Hospital
Park - green area
Bicycle path
Elementary school
Réseau Express Métropolitain (REM)
High school
Public transport
University - Sewage system
- Municipal sewer
Inclusions
Any equipment enabling the proper functioning of the immovable and all movable or appliance included in leases.
Exclusions
Personal belongings of the tenants, tools belonging to the owner or the janitor.
Legal warranty
Sale with exclusion(s) of legal warranty – See listing broker(s)
Assessments, taxes and expenses
Municipal assessment 2026
- Land
- $693,300
- Building
- $1,800,000
- Total
- $2,493,300
Taxes and expenses
- Insurance
- $13,151
- Other
- $3,644
- Energy cost
- $16,016
- Other rental
- $1,168
- Municipal Taxes 2026
- $15,985
- School taxes 2026
- $2,171
- Total
- $52,135
Property photos
1085 Rue Berri H2L4C5 Montréal (Ville-Marie) Montréal Central · MLS 25986879
