Revenue property for sale - Downtown$3,388,000
$3,388,000
Listing broker: Audrey Hammond - Engel & Völkers ● # 27571945
1
8
4,413.2 pc
1875
Description
NEW PRICE, RARE OPPORTUNITY IN THE HEART OF THE VILLAGE 1650-1656 Ste-Catherine E. & 1353-1359 De Champlain, semi-commercial building strategically located just steps from the metro, shops, restaurants, and services. Composition: 6 spacious 6½ residential units with strong rental demand + 2 commercial spaces generating excellent revenues. Potential annual gross income of $261,552. Well-maintained building, same owner since 1988. Exceptional location on a corner lot offering maximum visibility and accessibility. CMHC-eligible file (commercial portion < 30%). A solid asset with strong optimization potential.
Details
- Driveway
- Asphalt
- Heating system
- Electric baseboard units
- Water supply
- Municipality
- Heating energy
- Electricity
- Equipment available
- Wall-mounted air conditioning
- Distinctive features
- Environmental study phase 1
- Street corner
- Foundation
- Poured concrete
- Proximity
- Cegep
- Daycare centre
- Hospital
- Park - green area
- Bicycle path
- Elementary school
- High school
- Public transport
- University
- Siding
- Aluminum
- Brick
- Basement
- 6 feet and over
- Parking (total)
- Outdoor (1)
- Sewage system
- Municipal sewer
- Roofing
- Elastomer membrane
- Topography
- Flat
- Zoning
- Commercial
- Residential
- 4,413.2 pc
- 51.20 p
- 86.50 p
- De Champlain
- 1875
- 51 p
- 86 p
- 3
- 8
- Century
- Attached
- 8
- Any equipment ensuring the proper functioning of the BUILDING and all furniture and/or appliances included in the leases.
Assessments
- $1,605,100
- $732,400
- 2025
- 2025/11/07
- Sale with exclusion(s) of legal warranty - See listing broker(s)
- $100,068
- $166,464
Expenses
- Insurance - General spend
- :$10,000
- :Yearly
- Caretaking - General spend
- :$1,720
- :Yearly
- Maintenance / Repairment - General spend
- :$4,880
- :Yearly
- Municipal Taxes - General spend
- :2025
- :$29,511
- :Yearly
- School taxes - General spend
- :2024
- :$1,786
- :Yearly
Addenda
The full address is 1650 - 1656 Rue Sainte-Catherine E. & 1353 - 1359 Rue de Champlain.
ADDITIONAL INFORMATION
*Prime location: Situated directly across from the Îlot TVA redevelopment project, an area undergoing major investments and transformation, further enhancing property value and rental demand in the coming years.
*Mixed-use income property: Comprising 6 spacious 6½ residential units with consistently high occupancy rates and 2 street-level commercial units with excellent visibility.
*Strong financials: Potential annual gross revenue of $261,552 (2025 residential rent increases already issued in compliance with TAL regulations).
*Well-maintained asset: Same owner since 1988 with regular maintenance and improvements carried out over the years.
*Strategic corner lot: Intersection of Ste-Catherine E. and De Champlain, offering exceptional street exposure and accessibility.
*Financing advantage: Commercial portion represents less than 30% of the building, making the file CMHC eligible.
*Tax details: GST and QST applicable only to the commercial portion (ground floor).
*Legal notice: Sale made without legal warranty of quality, at the buyer's risk and peril.
This is a rare opportunity to acquire a stable, income-generating property in one of Montreal's most dynamic and fast-growing sectors, with excellent long-term upside potential.
ADDITIONAL INFORMATION
*Prime location: Situated directly across from the Îlot TVA redevelopment project, an area undergoing major investments and transformation, further enhancing property value and rental demand in the coming years.
*Mixed-use income property: Comprising 6 spacious 6½ residential units with consistently high occupancy rates and 2 street-level commercial units with excellent visibility.
*Strong financials: Potential annual gross revenue of $261,552 (2025 residential rent increases already issued in compliance with TAL regulations).
*Well-maintained asset: Same owner since 1988 with regular maintenance and improvements carried out over the years.
*Strategic corner lot: Intersection of Ste-Catherine E. and De Champlain, offering exceptional street exposure and accessibility.
*Financing advantage: Commercial portion represents less than 30% of the building, making the file CMHC eligible.
*Tax details: GST and QST applicable only to the commercial portion (ground floor).
*Legal notice: Sale made without legal warranty of quality, at the buyer's risk and peril.
This is a rare opportunity to acquire a stable, income-generating property in one of Montreal's most dynamic and fast-growing sectors, with excellent long-term upside potential.
Real estate broker and advisor
Audrey Hammond
Certified Residential and Commercial Real Estate Broker AEO (D9862)
Real estate agency (G7014)
ENGEL & VÖLKERS MONTRÉAL
Real estate shop ⬩ Brossard