For real estate developers. Be part of the solution to the housing crisis with this unique real estate opportunity. Great potential for the construction of multi-residential buildings. This property offers you a diverse set of 91,723 square feet: a barn, a shed, a duplex and a single-family house, spread over 3 distinct lots. Located in Estrie, in the heart of a charming municipality in full development, 35 minutes from Victoriaville and 45 minutes from Sherbrooke.
New economic perspective:
The municipality is receptive to recadasting the lots, which currently allow multi-housing (the largest lot) and two-family dwellings (the other 2 lots).
This change in usage could allow the construction of multiple dwellings of up to 90 dwellings spread over several buildings (the asking price is therefore $15,500/door. The project offers an annual income potential of more than $1 .35M$ (90 units x 1250$month).
The buyer is encouraged to take their own steps with the municipality to develop their project.
At the heart of the 3 lots, you will find the perfect space to accommodate all residents: an intimate area bordered by an imposing cedar hedge, made up of a small orchard and mature trees of noble species. The barn, witness to the region's agricultural past, offers restoration potential to create a unique and versatile space. Steps have already been taken with an architectural firm specializing in heritage restoration.
The land, served by all municipal services, is located less than a kilometer from all services (hospital, grocery stores, SAQ, banks) and the industrial district. Backed by agricultural land, it offers a peaceful environment, ideal for a project aimed at retirees or for social housing.
The duplex is currently rented, each unit generates monthly income of $1,250 and the leases are renewable annually. The house is rented until June 2027 and brings in $5,100 per year. The seller will not provide any new certificate of location, and the sale is carried out without legal guarantee of quality, at the buyer's risk.
Contact us now for more information on this unique property and its significant growth potential.
276' X 332'8"
8,521.3 SM
Landscaped
Sloped , Flat
View of the city
Daycare centre , Golf , Hospital , Park , Bicycle path , Elementary school , High school
Commercial , Industrial , Residential
Municipality
Municipality
The contents of the barn and shed as they are at the time of signing the deed of sale. As these are several antique items, the seller does not guarantee their functioning.
All furniture and personal items of tenants and sellers.
My name is LINE BEAURIVAGE, RE/MAX real estate broker. How may I help you?
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RE/MAX D'ABORD | 848 rue Principale Ouest, Magog, Québec, J1X 2B6
RE/MAX D'ABORD | 848 rue Principale Ouest, Magog, Québec, J1X 2B6
RE/MAX D'ABORD | 848 rue Principale Ouest, Magog, Québec, J1X 2B6
Hello, my name is LINE BEAURIVAGE, real estate broker. Contact me for more information.
Hello, my name is MARC-ANTOINE BEAURIVAGE-LAROCHE, real estate broker. Contact me for more information.
Hello, my name is STEVE COUTURE, real estate broker. Contact me for more information.
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