$4,100,000
New
ULS: 25986879
16+-Plex
for sale
1085 Rue Berri, Montréal (Ville-Marie) (Centre)
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.
Sale with exclusion(s) of legal warranty - See listing broker(s)
MIKAEL KURKDJIAN
Residential and Commercial Real Estate Broker
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.
** 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 and property interior
Dimensions
25' 4" X
Year constructed
1956
Siding
Brick
Basement
6 feet and more, Finished basement
Renovations
Electricity (2024, 43000), Fenestration (2024, 52000), Insulation (2024, 32000), Balconies (2024, 72000), Plumbing (2024, 92000), Bathroom (2024), Basement (2024), Floor (2024, 47000), Heating (2024, 44000), Kitchen (2024, 104000)
Lot and exterior features
Lot size
25' 4" X 88'
Lot area
2,529 ft²
Proximity
Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Commuter train, Public transportation, University
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2022, 01), Phase 2 (2022, 05)
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 693,300
- Building assessment
- $ 1,800,000
- Total
- $ 2,493,300
Taxes
- Municipal (2026)
- $ 15,985
- School (2026)
- $ 2,171
- Total
- $ 18,156
Annual expenses
- Insurance
- $ 13,151
- Other
- $ 3,644
- Equipment (rental)
- $ 1,168
- Total
- $ 17,963
Energy expenses
- Electricity
- $ 16,016
- Total
- $ 16,016
Gross annual revenues (potential)
- Residential
- $ 271,560
- Other
- $ 3,720
- Total
- $ 275,280
Inclusions and exclusions
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.
Mortgage payment calculator
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