1085 St Berri - Apartments FOR SALE


Montréal, QC H2L 4C5- Ville-Marie
$4,100,000 CAD
514-945-7881
1085 St Berri, Montréal, QC for Sale
$4,100,000 CAD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1085 St Berri
Montréal, QC H2L 4C5
Ville-Marie


HIGHLIGHTS

  • Favorable CMHC loan assumption in place with below-market financing and extended amortization
  • Located in Montréal’s Ville-Marie district within 1 km of strong demographics, including projected 1.6% population growth
  • Ten units enrolled in the CMHC MLI Select Affordability Program offering secure and stable occupancy
  • Existing service contracts with Coinamatic (through 2034) and Videotron (through 2027) included with the sale
  • Montréal enforces a 60-day right of first refusal on all offers, requiring clear planning during negotiations
  • Significant long-term positioning supported by robust household incomes and rental demand in the immediate area

OVERVIEW

This well-positioned 23-unit multifamily opportunity in Montréal’s Ville-Marie district provides investors with strong fundamentals and future growth potential. The property benefits from an excellent borrowing structure: a CMHC-backed loan with highly favorable terms—3.70% interest rate, 40-year amortization, and a 5-year 3-month term maturing in June 2031—which must be assumed by the buyer. Monthly principal and interest payments are approximately $13,732, with an additional $1,523 tax escrow requirement. Ten of the units are under the CMHC MLI Select Affordability Program, underscoring the building’s compliance with affordability-focused housing initiatives. Located in an area experiencing a projected population growth of 1.6% over the next five years and supported by an average household income of $93,401, the property captures strong rental demand dynamics. Essential service agreements with Coinamatic (exp. 2034) and Videotron (exp. 2027) transfer with the sale, ensuring continuity for tenants. The sale is offered without legal warranty of quality at the buyer’s risk. All offers must accommodate Montréal’s 60-day right of first refusal. Investors are advised to account for lender-imposed allowances and operating assumptions when modeling returns. On-site visits are permitted following acceptance of a promise to purchase.

FOR SALE DETAILS

PRICE

$4,100,000 CAD

PRICE/SF

$595 CAD /SF

# OF UNITS

23

PRICE/UNIT

$178,261

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1956

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,530 SF

ZONING

M.3B

APN/PARCEL ID

1182005

ASK ABOUT THIS PROPERTY

Mikael KurkdjianRe/Max Alliance Inc.More Info
514-945-7881

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Mikael KurkdjianRe/Max Alliance Inc.More Info
514-945-7881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.