Located in Griffintown, a CCU-approved project! Featuring 16 units and 53 bedrooms, this development is designed for room-by-room rentals with shared common areas that foster community living. Located just 450m from ÉTS, it’s ideal for students and young professionals. Estimated construction cost: $7M, with a projected cap rate of 4.40% and a final appraised value of $13M. Strong income potential! Plans and permits available : Construction permit ready for a 16-unit building - Demolition and excavation permits available - Construction plans available, with 22,600 square feet of buildable area - REM development charge to be paid by the buyer. The sale is made without legal warranty of quality, at the buyer’s own risk