7814 Rue Berri - Apartments FOR SALE


Montréal, QC H2R 2G9
$1,495,000 CAD
438-806-1379
7814 Rue Berri, Montréal, QC for Sale
$1,495,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

7814 Rue Berri
Montréal, QC H2R 2G9


HIGHLIGHTS

  • First time offered for sale since 1992
  • Owned and maintained by the same family for over 30 years
  • Tar-and-gravel roof replaced in 2013
  • Windows and patio doors have been updated
  • Vacant 6½ apartment available for occupancy or lease-up
  • Opportunity to increase income through unit turnover and rent optimization

OVERVIEW

Offered for the first time since 1992, this five-unit multifamily property in the heart of Villeray has benefited from exceptional stewardship and continuous ownership by the same family for more than three decades. The building reflects a strong commitment to maintenance and long-term care, featuring hardwood flooring throughout the residential units and numerous capital improvements completed over the years, including replacement of the windows and patio doors. The tar-and-gravel roof was replaced in 2013 by R. Gauthier Couvreur. A key feature of the offering is the spacious vacant 6½ apartment, presenting an immediate opportunity for either an owner-occupant or an investor seeking to lease the unit at current market rents. The apartment includes a semi-finished basement with a concrete floor, providing valuable additional space for storage or other practical uses. The property's existing rental income, combined with the opportunity to reposition vacant or soon-to-be-vacant units, creates meaningful upside potential for future revenue growth. Located within one of Montréal's most sought-after rental neighborhoods, this asset offers investors the opportunity to acquire a well-maintained multifamily property with long-term value enhancement potential.

FOR SALE DETAILS

PRICE

$1,495,000 CAD

PRICE/SF

$338 CAD /SF

# OF UNITS

5

PRICE/UNIT

$299,000

CAP RATE

Request Cap Rate

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,100 SF

ZONING

H02-085

APN/PARCEL ID

3456374

ASK ABOUT THIS PROPERTY

Mikael KurkdjianRe/Max Alliance Inc.More Info
438-806-1379

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Mikael KurkdjianRe/Max Alliance Inc.More Info
438-806-1379

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