PROJECT : Le Seigneurial - St-Bruno de Montarville

Executive Summary:

The project involves the purchase of the land having an area of ​​1,709.1 square meters, more or less, with two buildings erected on it (which will be destroyed) bearing the addresses 19 to 27 and 31 boulevard Seigneurial Est, Saint-Bruno-de-Montarville, on which will be built a rental building of 31 units with underground garage.

Construction will start in July 2020. Given the low vacancy rate and the lack of competition in the sector, it is planned to build the entire project in a single phase with delivery in July 2021.

Project Description

  • Name

    Le Seigneurial

  • Location

    St-Bruno-de-Montarville

  • Type

    Rental Units

  • Type of construction

    Wood & Brick

  • Number of phases

    1

  • Number of units

    31

Market Risk

• ▲ Here are the strengths and weaknesses of the site and the environment.

• ▲ Site located in the heart of downtown Saint-Bruno-de-Montarville.

• ▲ Shops & services (bank, grocery, restaurant, pharmacy) are within walking distance.

• ▲ Proximity to many parks and green spaces.

• ▲ Good accessibility & visibility, located on a major artery allowing direct access to 116.

• ▲ Access within walking distance of the Montarville school.

• ▲ In the immediate vicinity are mainly buildings of medium quality.

Project Le Seigneurial

• Beginning of construction is planned for July 2020, delivery in July 2021 with a stabilization period of 6 months.

• General contractor with experience

• Completed Reports: Environmental, Geotechnical & Market research as well as Land Valuation.

Types

  • 3 ½ (1 Bed)

    Quantity: 14

    Area: 677

    Rent $: 1464

    $/ft2: 2.16

  • 4 ½ (2 Beds)

    Quantity: 15

    Area: 965

    Rent $: 2106

    $/ft2: 2.18

  • 5 ½ (3 Beds)

    Quantity: 2

    Area: 1245

    Rent $: 2565

    $/ft2: 2.06

  • Total

    Quantity: 31

    Area: 853

    Rent $: 1846

    $/ft2: 2.16

  • Reference is hereby made to this due diligence report prepared in connection with the Investment in the above-mentioned Corporation. (the “Report”): We agree to provide you with a copy of this Report, as a curtesy and on a non-reliance basis.

  • This Report is provided to you on an “as-is” basis and that no warranties, express or implied, of any kind are given by us with respect to the Report, including any decision you may make regarding an investment in the aforementioned business.