• 1429-1433 Rue Bishop
  • 1429-1433 Rue Bishop
  • 1429-1433 Rue Bishop
  • 1429-1433 Rue Bishop

1429-1433 Rue Bishop

Ville Marie, Montreal, PQ

1429-1433 Rue Bishop
Reposition an underperforming asset for successful sale


Vision: Acquire and upgrade an underperforming apartment property and position it for successful sale with significant returns.


1429-1433 Rue Bishop was a rundown apartment building in an in-demand area next to Concordia University. In addition to the university, the building offers walking access to shops, restaurants, cultural attractions and green spaces. Nestled in the heart of downtown in a highly sought-after location, the building wasn’t delivering the value it could.


ELM saw an opportunity to reposition the property, including extensive renovations, managing the leasing process and improving the property management systems. Once the building was performing to its potential, ELM was able to sell the renovated and fully leased building to an investment group for a significant return.

  • Type Income Producing
  • Class Mixed-use
  • Sub-class Multi-family Rental
  • Gross Commercial Floor Area 12,000 sq/ft
  • Gross Residential Floor Area 30,000 sq/ft
  • Site Size 0.21 AC
  • Acquisition Date 2012
  • Commencement Date 2012
  • Completion Date 2013
  • Disposition Date 2016
  • Status Sold
  • Number of Units 31