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Montréal (Ville-Marie)

1085 Rue Berri H2L4C5 Montréal (Ville-Marie) Montréal Central

Bedroom Bathromms NA

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.

Features

MLS

25986879

Type

Revenue property

Room

Bathroom

Garage

No

Size

NA

Land

2 529 pc

Year Built

1956

Building Type Attached
Year constructed 1956
Dimensions 25 x 0 feet
7.74 x 0.00 meters
Living area NA
Renovations
Other (2024)
Basement (2024)
Heat (2024)
Kitchen (2024)
Electricity (2024)
Windows (2024)
Floors (2024)
Plumbing (2024)
Bathroom (2024)
Basement
6 feet and over
Finished basement
Heating system
Electric baseboard units
Siding
Brick
Lot area 2 529 pc
Lot dimensions 25 x 88 feet
7.74 x 26.82 meters
Zoning
Residential
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
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.

Sale with exclusion(s) of legal warranty - See listing broker(s)

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.
  • Building assessment 2026

    $ 1,800,000

  • Lot assessment 2026

    $ 693,300

  • Total

    $ 2,493,300

  • Assurances

    $ 13,151

  • Autre

    $ 3,644

  • Coût d'énergie

    $ 16,016

  • Autres locations

    $ 1,168

  • Taxes municipales 2026

    $ 15,985

  • Taxes scolaires 2026

    $ 2,171

1085 Rue Berri H2L4C5 Montréal (Ville-Marie) Montréal Central

FOR SALE

$4,100,000 CAD

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Listing agents

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Mikael Kurkdjian

Certified Residential and Commercial Real Estate Broker AEO


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Xavier Grelier

Certified Residential and Commercial Real Estate Broker

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