Mathieu Leclerc
| Team Gisèle Auger et Mathieu Leclerc
|
Real Estate Broker | PMML Partner
11,914 sq ft lot Project example
Floor area ratio (FAR) of 40%, possibility of building a multi-residential property of +/- 19,062 sq ft on 4 floors + mezzanine.
Zoning allows for the construction of 4 floors (minimum 6 units, no maximum)
Ideal for a 24-unit project distributed as follows:
13 units of 600 sq. ft. (ground floor and 2nd floor) → Gross revenue: $280,800/year
5 units of 850 sq. ft. (3rd floor) → Gross revenue: $127,500/year
6 units of 1,000 sq. ft. (4th floor + mezzanine) → Gross revenue: $180,000/year
Total projected gross revenue: $588,300/year
Estimated operating expenses at 28%
Net revenue: $423,576/year
Projected market value: $10,589,400
Close to the 40 and 640, the Galeries Rive-Nord, elementary and secondary schools, and several local businesses
A stone's throw from the St. Lawrence River
An ideal plot of land for your development project, strategically located, with water views and close to all amenities.
The buyer must conduct their own checks with the City of Repentigny regarding zoning and permitted uses.
The sale is made without legal guarantee of quality at the buyer's risk.
