1 028 928 Larocque, Sherbrooke

Asking Price

$429,000 + GST/PST

Area

5,486 SQ. Ft.

Land Description

A 5,486 sq. ft. lot ready for the construction of a 20-unit multi-residential project with 4 parking spaces! This vacant lot is located in the Mont-Bellevue area, just steps away from LaRocque School and downtown Sherbrooke. The project is already well underway and includes construction plans, civil engineering plans, site plans, an environmental study, an energy efficiency study, specifications, and more. A professional valuation of the land at $550,000 is available! Act fast!

Location
Additional Information

Professional valuation of the land at $550,000 and the completed project at $3,197,000.

No utility connections have been installed on the lot. Connection costs are approximately $15,000.

The sale is made without legal warranty of quality, at the buyer's own risk.

The buyer is responsible for verifying the feasibility of their project with the city.

Zoning
Asking Price per unit
$21,450 / Unit

Zoning information

Zoning Code
Zone H1086
Zoning Description
C-202 H-1, H-111, H-4, H-6
Public Services
Water mains, storm sewers, sanitary sewers, lighting, fire hydrants, paving, sidewalks, curbs.
Specific Uses
Refer to the usage chart for any specific uses.
Special Provisions
In zone H1086, the maximum floor area for a commercial establishment is 350 square metres.

Project progress

Environmental Studies: Phase I - 2024
Preliminary plans and/or subdivision in progress
Project approved
Construction plans finalized
Demolition and/or Construction permits obtained

Information

PPCMOI
Depending on the nature of the project, a PPCMOI application might be required to obtain the necessary authorizations.
Permitted Density
Max: 50%
Type of Use
Multi-residential, Commercial
Number of Storeys Permitted
Max: 3
Cadastre
1 028 928

Land description

Lot Number
1 028 928
Number of Floors
Three storeys above grade plus a partial basement.
Type of Construction
Brick and wood

Total Municipal Assessment

Total Municipal Assessment
81 600 $
Municipal Land Assessment
81 600 $
Municipal Building Assessment
0 $
Jessika Lahaie
Jessika Lahaie
Team Jessika Lahaie
Executive VP
|
Real Estate Broker | PMML Partner
819-345-2487 jessika.lahaie@pmml.ca
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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