Rue Armande-Biron, Sherbrooke (Brompton/Rock Forest/Saint-Élie/Deauville), QC, J1C 0W1

Property Information:

Unique opportunity for investors and builders! Land ready for the construction of an 8-unit apartment building, located in an area with high rental demand. Strategic location that ensures excellent income potential and long-term appreciation. The sellers have already begun the process of obtaining approval for an integrated project that would allow for the eventual construction of a second 8-unit building at the rear of the property. This scenario could be provided to the buyer to facilitate planning, municipal approvals, and overall site development.

- Zoning allowing for the construction of an 8-unit multifamily building
- Neighborhood sought after by tenants (high rental demand)
- Integrated development scenario available for a second building. The project was about to be approved by the city of Sherbrooke before the moratorium was adopted.
- 150 truckloads of rock are available to the Buyer.
- The driveway with the neighboring building is currently adjoining. If the yard needs to be moved, the cost will be borne by the buyer.
- The land is currently affected by the Provisional Regulation on Water System or Resource Capacity. This moratorium prevents construction in this area at this time. https://www.sherbrooke.ca/fr/vie-municipale/reglements-municipaux/reglement-a-caractere-provisoire-sur-la-capacite-des-systemes-ou-des-ressources-en-eau

- L'acheteur devra faire ses propres démarches avec la ville de Sherbrooke afin d'obtenir les autorisations nécessaires à la réalisation de son projet et faire valider son projet.

This sale is made without the legal guarantee of quality at the buyer's own risk.