Lot dimensions
4,800 ft² (445.93 m²)
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
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.