HouseVille-Marie (Canada)

Price :

$9,481,400

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

land276 m²

Rare on the market! Stunning and newly renovated semi-commercial building located at the intersection of Drummond St. and the north side of Ste-Catherine St., the most prominent street in downtown Montreal. Fully rented with NNN leases and Bell Canada as anchor tenant, entirely renovated stylish apartments. Its corner location offers unparalleled visibility and foot traffic. Surrounded by iconic stores, banks, cultural venues, universities, steps away to metro station Peel and fine arts museums, this exceptional property offers a blend of stability, modernity, and prime location, making it an exceptional choice for savvy investors.
***Distinct features of the Immovable***
Welcome to 1221 Ste-Catherine St. West, a beautifully and newly renovated semi-commercial building with NNN leases located at the intersection of Drummond street on the north side of Ste-Catherine street, the most prominent street in Montreal. Fully rented with Bell Canada as anchor tenant, completely renovated apartments from A to Z with modern design. Its corner location offers unparalleled visibility and foot traffic. Surrounded by iconic stores, banks, cultural venues, universities, steps away to Peel metro station and fine arts museums, this exceptional property offers a blend of stability, modernity, and prime location, making it an exceptional choice for savvy investors. Its visibility, accessibility, and the vibrant neighborhood contribute to its appeal as a prime commercial real estate asset. Rare investment opportunity in the heart of downtown Montreal! Act Fast!
Here is a glimpse of what this exceptional property has to offer:
-Prime Location: Situated on the north side of Ste-Catherine W, one of Montreal's busiest and most sought-after streets. Its corner location offers unparalleled visibility and heavy foot traffic.
-Composition of the units: 2 commercial spaces, 10 modern apartments (5x4.5,4x3.5 and 1 studio) with the entrance on Drummond St.
-Leasable area: Commercial: 3,102 sqft; Residential: 6,427 sqft
-Anchor Tenant: Bell Canada
-Fully Renovated apartments in 2023 offering contemporary amenities, stylish designs, and a comfortable living environment. All apartments are equipped with kitchen appliances, air conditioners, washers and dryers.
-Tenancy: Fully rented with NNN leases, Upside on the residential rental revenue
-Security Features: Sprinklers, intercom at entrance
-Surrounding Area: Surrounded by iconic stores such as Apple, Holt Renfrew Ogilvy, Mackage & etc. Close to all the services, a variety of restaurants, hotels, banks, cultural venues (Montreal Fine Arts Museum), entertainment (cinema, Bell Center ) and universities (Concordia & McGill), 1221 Ste-Catherine St. W. benefits from the allure of these popular destinations drawing in shoppers, tourists, students and locals throughout the day.
-Public Transportation: 3 mins to Metro Peel & bus stops, walking distance to Bonaventure train station & REM terminal. Walker's Paradise (Walk Score 100), Rider's Paradise (Transit Score 100) and Very Bikeable (Bike Score 84)
-Zoning: 0077; Usage: M9C: commercial, mixed use, residential
*** Other Info of the Immovable***
1. The NDA must be signed by the buyers and collaborating brokers to obtain the rental revenue info.
2. Additional addresses: 1402,1404 rue Drummond
3. The municipal and school taxes are being revised.
4. Possible to assume the mortgage from the seller at lower interest rates.
5. Visit upon an accepted offer. Discreet visit is a must.
For further information, please contact the listing broker.
INCLUSIONS
All kitchen appliances, air conditioners, washers and dryers in the residential apartments.
EXCLUSIONS
--