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$1,250,000

3198 Rue Sherbrooke E., Montréal (Mercier/Hochelaga-Maisonneuve), QC, H1W 1B7

MLS® # 25560458

Property Information:

Charming 4plex in the sought-after Mercier-Hochelaga-Maisonneuve neighborhood. Built in 1949 by the same family that has lovingly maintained it since, this property offers a rare mix of history and opportunity. It features a spacious 7 1/2 unit, a 5 1/2 unit, and two 3 1/2 units, with two currently rented for $1,400/month and a projected annual income of over $49,000. The property includes two indoor garages, a valuable asset in this urban setting. Steps from Préfontaine Metro, it boasts a Walk Score of 91 and is close to shops, schools, parks, and landmarks like the Olympic Stadium. Perfect for investors or owner-occupants.

Welcome to 3198 Sherbrooke E., Montreal, in the vibrant Mercier-Hochelaga-Maisonneuve neighborhood. 4plex with long-term ownership; built in 1949 by the same family and lovingly maintained ever since.
Unit Breakdown:
- 1 x 7 1/2 unit
- 1 x 5 1/2 unit
- 2 x 3 1/2 units
Income Potential
- Two units currently rented at $1,400/month
- Projected annual revenue: Over $49,000.
Amenities:
- Includes 2 indoor parking spaces, a rare convenience in this area.
Neighborhood Highlights
- Steps from Préfontaine Metro (Green Line).
- Walk Score: 91 ("Walker's Paradise") and Bike Score: 95.
- Near grocery stores, cafes, restaurants, and local shops along Promenade Ontario.
- The property is near Promenade Ontario, a bustling strip with boutiques, pharmacies, and home goods stores.
Larger shopping centers, like Place Versailles, are accessible within a few minutes by car or transit.
- Close to major landmarks like the Olympic Stadium, Biodome, Botanical Garden, and Maisonneuve Market.
- Easy access to schools, parks, and public transit.
- Nearby highways (25 and Notre-Dame) connect to downtown Montreal in 20 minutes.

This property offers a prime investment opportunity in a desirable, high-demand neighborhood. Perfect for owner-occupants or investors looking to expand their portfolio.

Exclusions : Tenant's belongings, Apartment C Fridge & Stove

Building Features:

  • Style: Fourplex
  • Foundation: Poured concrete
  • Garage: Built-in
  • Parking: Garage
  • Size: 29.0 x 35.3 Feet
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $49,200

Taxes:

  • Municipal Tax: $7,076
  • School Tax: $875
  • Annual Tax Amount: $7,951

Property Assessemnt:

  • Lot Assessment: $335,000
  • Building Assessment: $738,900
  • Total Assessment: $1,073,900

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1
  • Built in: 1949
  • Lot Depth: 38.1 Metre
  • Lot Frontage: 8.85 Metre
  • Lot Size: 335.00 Square Metres
  • Zoning: RESI
  • No. of Parking Spaces: 2

Revenue Units:

Unit 1

  • Pieces 7
  • Bedrooms 3
  • Baths 1

Unit 2

  • Pieces 3
  • Bedrooms 1
  • Baths 1

Unit 3

  • Pieces 3
  • Bedrooms 1
  • Baths 1

Unit 4

  • Pieces 5
  • Bedrooms 3
  • Baths 1

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Location of 3198 Rue Sherbrooke E., Montréal (Mercier/Hochelaga-Maisonneuve), QC, H1W 1B7

Demographic Information of 3198 Rue Sherbrooke E., Montréal (Mercier/Hochelaga-Maisonneuve), QC, H1W 1B7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$110,734.09

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.94 %

High school certificate or equivalent

15.8 %

Apprenticeship trade certificate/diploma

8.79 %

College/non-university certificate

18.64 %

University certificate (below bachelor)

6.09 %

University Degree

39.74 %

Commuter

Travel To Work

By Car

37.14 %

By Public Transit

41.96 %

By Walking

12.97 %

By Bicycle

6.24 %

By Other Methods

1.69 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

85.24 %

Houses

Own Vs. Rent