Lot dimensions 4,800 ft² (445.93 m²)

Owners’ comments

The lot area of 50 feet (15.24 m) frontage X 96 feet (29.26 m) depth = 4,800 square feet or 445.9 m2 allows for the construction of up to 4 condos or apartments. It could be used to build a triplex, duplex or family house, although it would not maximize the value of the lot area as much as 4 units.

The living area: ± 6,000 ft2, although a PPCMOI application with the city could authorize the construction of additional floors.

The lot location is particularly appealing:

- 49 m from Charleroi Street and 140 bus station. 
- 30 min to cotê-vertu metro station.
- 600 m from the boulevard Pie-IX
- 1,1 km from boulevard Léger
- 750 m from boulevard Henri-Bourassa
- 1,8 km from the Rivière-des-Prairies
- 90 m from École primaire de la fraternité
- 400 m from Saint-Vincent-Marie elementary school
- 600 m from Calixa-Lavallée High School
- 180 m from a park
- 400 m from a pool and Park Sauve

Rue Charleroi is just around the corner from the property. Being one of the main streets in the neighborhood, it offers a variety of stores, restaurants, and services in general.

WE CAN SHARE UPON REQUEST:
We already obtained the city's approval for these plans and this construction project. The documents include:

- Project Approval / Acceptance
- Building Description Declaration
- City Approval Email
- Sketches and Construction Plans
- Municipal Tax Summary
- Complete Construction Plans
 
When it comes to permits (demolition, then construction), the buyer will have to go and get it himself, since the permit is directly associated with the builder. The buyer will have to provide the city with a breakdown of construction costs. Once these documents have been submitted to the city, the permit will be issued within 7 working days.

DO THE MATH!

Estimated selling prices are between $465 and $650 per square foot (average $557) + taxes, depending on the quality of materials, etc.

Current project value: 6,000 sq. ft. X $557 = $3.3M

Estimated construction costs are between $195 and $330/sq. ft. (as we are told since we are not builders)

Construction cost 6,000 sq ft X $262 = $1.572M + land asking price $500K = $2.023M

= Estimated profit of $928 K!

Ready to buy and build? Contact me now to discuss and secure this unique opportunity.

Complete Description
Complete Description

Property features

Asking Price
$495,000
Details
Available now
Certificate of Location
Yes
Courtyard orientation
West

Lot description:

  • Water Access
  • Flat geography
  • Aqueduct
  • building lot

Soil:

  • Black soil

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Medical center

Near Educational Services:

  • Kindergarten
  • Elementary school
  • High School

Near Recreational Services:

  • Gym
  • Sportif center
  • Library

Complete list of property features

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

Need the form?

Documents to download

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

$495,000

Residential Lot for sale

11125 avenue Drapeau Montréal-Nord Montréal / l'Île

No. 1087079

Available now
Contact the owner Select the desired contact option among those that have been activated:
Send a message

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.

Contact the owner Select the desired contact option among those that have been activated:
Send a message

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.