1019 Rue St-Hubert, Ville-Marie, QC

Commercial, Other

  • $3,549,000
  • 0 BEDS
  • 0 BATHS
  • 6,512.17 sq.ft. Home
  • 1019 Rue St-Hubert, Ville-Marie, QC
  • 0 BEDS
  • 0 BATHS
  • 6,512.17 sq.ft. Home
  • $3,549,000

Key Facts

  • MLS ID: 11759066
  • Property Type: Commercial, Other
  • Living Space: 6,512.17 sq.ft.
  • Year Built: 1885
  • Municipal Taxes 2019: $29,964
  • School Taxes 2019: $1,655

Property 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.

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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Additional Features

Heating system: Hot water, Water supply: Municipality, Heating energy: Natural gas, Equipment available: Other -- sauna, Available services: Fire detector, Equipment available: Central heat pump, Windows: Wood, Foundation: Stone, Kind of commerce: Hotel, Type of business/Industry: Service, Proximity: Highway, Proximity: Public transport, Siding: Aggregate, Basement: 6 feet and over, Basement: Separate entrance, Basement: Finished basement, Sewage system: Municipal sewer, Roofing: Asphalt and gravel, Zoning: Commercial, Zoning: Residential

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