1019 – 1025 Rue St-Hubert, Montréal (Ville-Marie), Quebec

Centris number: 11759066

1019 – 1025 Rue St-Hubert, Montréal (Ville-Marie), Quebec

Centris number: 11759066
  • $3 549 000

Preview

  • Commercial building/Office
  • Property type
  • 604.5
  • Square meters
  • 1885
  • Construction year

Address

1019 – 1025 Rue St-Hubert, Montréal (Ville-Marie), Quebec H2L 3Y3

Description

Magnificent property made up of 2 huge Victorian houses offering 5 luxury apartments of 2-4 bedrooms each. Operated as a hotel since 1985 & currently operating as a nightly executive rental. Stunning rooftop terrace. A world of opportunities given its zoning & revenues.

Room details

TypeVacantArea
CommercialYes6000 Square feet

Characteristics

Available servicesFire detectorBasement6 feet and over, Finished basement, Separate entrance
Equipment availableCentral heat pump, Other (sauna)FoundationStone
Heating energyNatural gasHeating systemHot water
Kind of commerceHotelProximityHighway, Public transport
RoofingAsphalt and gravelSewage systemMunicipal sewer
SidingAggregateType of business/IndustryService
Water supplyMunicipalityWindowsWood
ZoningCommercial, Residential

Assessment

Assessment year2019
Land Assessment$ 996,800
Building Assessment$ 495,100
Total Assessment$ 1,491,900

Taxes

Municipal Taxes$ 29,964 (2019)
School taxes$ 1,655 (2019)
Total yearly taxes$ 31,619

Included / Excluded

IncludedAll furniture and accessories for the hotel operation.

Addenda

Unique commercial property generating massive revenue

  • Newly renovated property, currently being operated as an

executive nightly rental.

  • Licensed hotel. Airbnb rental permitted.
  • Streamlined operation requiring virtually no staffing.

Easy to run.

  • 2019 fiscal year NOI $280,000. 2019 revenues of $450,000.
  • Appraised by two independent appraisers fall 2018 at

$3,550,000 and $3,700,000.

Condominium conversion

  • Property zoned commercial for unlimited units.
  • Possibility of further 4,000sqft of condo development on

the rear of the building

  • Floors can be added to the existing building

Apartment conversion

  • Building able to be converted at any time to apartment

dwellings for stable long term income

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