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- LoopNet Team
889 Rue Principale
Prévost, QC J0R 1T0
889 Rue Principale, Prévost · Land For Sale
·
2.68 AC
INVESTMENT HIGHLIGHTS
- Land in an urban area qualified as a priority area for development and having a dominant function of multi-family homes with no densification limit.
- The urban plan allows for incentive zoning up to 5 floors.
- Land served by municipal services, with the capacity to support a large-scale project.
- Strategic location at the intersection of Main Street and Route 117, close to all local businesses and adjacent to Rivière-du-Nord.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 2.68 AC |
| Zoning | T5-23 - H4 Multifamily- H5 Mixed- Integrated project | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.68 AC |
| Zoning | T5-23 - H4 Multifamily- H5 Mixed- Integrated project |
DESCRIPTION
Advantages of the site; - Land in an urban area qualified as a priority area for development and having a dominant function of multi-family homes with no densification limit. - Land served by municipal services, with the capacity to support a large-scale project. - The urban plan allows for incentive zoning up to 5 floors. Strategic location at the intersection of Main Street and Route 117, close to all local businesses and adjacent to Rivière-du-Nord. Potential Project: - Zoned land, among others, for the use of Multi-family home with 3 floors in full right. The Urban Plan and the city confirm the desire to densify and build residential buildings up to 5 floors. - The proposed project has two phases on 5 floors for a total of 184 units, including 258 parking spaces (ratio of 1.4) on one basement floor. - Our financial models demonstrate the feasibility, according to the buyer's preference, of two different types of projects: either non-combustible buildings densified in height with indoor parking, or semi-detached wood-brick buildings (part 9 of the code) with 100% of outdoor parking. - A charming, completely renovated commercial building is currently on the site, which can generate income during the development of the project and subsequently serve as rental/sales offices.
