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3626 Rue Saint-Urbain

34,678 SF 100% Leased Office Building Montréal, QC H2X 2P2 £5,161,964 (£149/SF) 7.04% Net Initial Yield

Investment Highlights

  • Investment Opportunity: The property offers a prime opportunity to participate in the revitalization of the life sciences hub
  • Expansion of UdeM’s Faculty of Medicine
  • New Neighboring Facility: Inspire Bio Innovations, a centre spanning over 180,000 square feet

Executive Summary

Real Estate investment opportunity in The Plateau.
The property offers a prime opportunity to participate in the revitalization of the life sciences hub, positioning investors at the heart of a growing medical and research ecosystem.
Inspire Bio Innovations, a centre spanning over 180,000 square feet, has just been developed next to the property. It provides laboratories, offices, and collaborative spaces for pharmaceutical and biotech companies, research institutes, startups, and university researchers.
The University is considering redeveloping Hôtel-Dieu Hospital to house its Faculty of Medicine, addressing the anticipated increase in student numbers and current space shortages.
Plateau-Mont-Royal is the most densely populated borough in Montréal, located north of downtown, with a predominantly francophone and multicultural population. It attracts artists, students, young professionals, and families. The population is young, with a median age of 34.6, and is expected to grow slightly by 2028. The neighborhood is popular among students due to its proximity to McGill University and includes major parks like Mont-Royal and La Fontaine.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
34,678 SF
Building Class
C
Year Built
1914
Price
£5,161,964
Price Per SF
£149
Net Initial Yield
7.04%
NOI
£363,402
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
8,670 SF
Slab to Slab
12 ft
Building FAR
2.21
Land Acres
0.36 AC
Zoning
E.5 (3) & I.2 - Medical
Parking
8 Spaces (0.23 Spaces per 1,000 SF Leased)

Amenities

  • Bio-Tech/ Lab Space
  • Bus Route
  • Public Transport
  • Roof Terrace
  • Basement
  • Natural Light
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33361868

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 3626 Rue Saint-Urbain, Montréal, QC H2X 2P2

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