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De la Voirie Project - Phase II & III

Area

61,449 SQ. Ft.

Land Description

A unique turnkey development opportunity in East Montreal. Phases 2 and 3 of the La Voirie project: 200 rental units (Phase II: 140 units and Phase III: 60 units), indoor parking, and lockers. Less than a 10-minute walk from the Honoré-Beaugrand metro station. Phases 2 and 3 of a three-phase mixed-use development of 337 units. Approved project with strong rental potential!

Location
Area attractions

200 rental units (studios to 5.5-room apartments, mostly 1 and 2 bedrooms)

Indoor parking and storage lockers

Walking distance to Honoré-Beaugrand metro station

Additional Information

Acquired from the City of Montreal; obligations transferable to any purchaser: to build a mixed residential project in 3 phases : min. 206 private housing units, 52 affordable units, commercial space of at least 3,200 m²; soil rehabilitation at the purchaser's expense; right of termination of the City (guarantees $750k/$485k/$250k); assignment prohibited without written agreement of the City.

Zoning

Zoning information

Zoning Code
0723
Zoning Description
C.2 Shops and services in low-commercial areas H Housing
Public Services
Water supply, sanitary sewer, storm sewer, electricity, telecommunications, sidewalk
Specific Uses
Refer to the usage grid
Special Provisions
Refer to the usage grid

Project progress

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

Information

PPCMOI
Yes
Permitted Density
Implementation rate (%) 30 - 70
Type of Use
Commercial, Multi-unit dwelling
Number of Storeys Permitted
Min. 4 max. 6
Cadastre
6 345 346, 6 345 347

Land description

Lot Number
6 345 346, 6 345 347
Number of Floors
6
Type of Construction
Concrete
Socio-Demographic Data
Azamat Kar
Azamat Kar
Team Azamat Kar
Senior VP
|
Real Estate Broker | PMML Partner
514-963-8718 azamat.kar@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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