1218 - 1224 Rue Bishop , Montréal (Ville-Marie), QC H3G2E3
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For Sale

$3,596,000

+GST/QST

1218 - 1224 Rue Bishop , Montréal (Ville-Marie), QC H3G2E3

1 Beds 1 Baths

Remarks

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.

Property Summary

  • Neighbourhood: Mille Carré Doré
  • Lot Assessment: $1,056,200.00
  • Building Assessment: $831,300.00
  • Total Assessment: $1,887,500.00
  • Assessment Year: 2024
  • Municipal Tax: $55,057.00
  • School Tax: $1,754.00
  • Annual Tax Amount: $56,811.00 (2024)
  • Lot Frontage: 24.0 Feet
  • Lot Depth: 126.0 Feet
  • Building Width: 24.0 Feet
  • Building Depth: 80.0 Feet
  • Built in: 1885
  • Bedrooms: 1
  • Bathrooms (Total): 1
  • Zoning: RESI

Building Features:

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

Revenue Units

  • Potential gross revenue: Residential
    $40,140.00
  • Potential gross revenue: Commercial
    $153,264.00
  • Potential gross revenue: Date
    12-18-2023

Revenue Units

  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00

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