A unique turnkey development opportunity in East Montreal. Phase 1 of the La Voirie project: 137 rental units above a large grocery store (32,000 sq ft), indoor parking, and lockers. Less than a 10-minute walk from the Honoré-Beaugrand metro station. The first of three phases of a 337-unit mixed-use development. Plans, building permits, and CMHC financing are in place. Construction begins in 2026, with delivery expected in 2028. Strong rental and commercial potential.
137 rental units (studios to 5.5-room apartments, mostly 1 and 2 bedrooms)
Large commercial/food market space of approximately 32,200 sq ft (potential to subdivide the commercial area)
Indoor parking and storage lockers
Walking distance to Honoré-Beaugrand metro station
Favorable CMHC financing in place under previous terms.
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.
