700 Blvd Saint-Joseph - Apartments FOR SALE


Drummondville, QC J2C 2C2
$5,000,000 CAD
819-477-5444
700 Blvd Saint-Joseph, Drummondville, QC for Sale
$5,000,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

700 Blvd Saint-Joseph
Drummondville, QC J2C 2C2


HIGHLIGHTS

  • Approved for 7-story and 6-story residential towers
  • Over 60 underground parking spaces planned
  • Direct access to Highway 20 between Montreal and Quebec City

OVERVIEW

Popa Tower represents a rare opportunity to acquire a fully prepared, centrally located development site in the heart of Drummondville, Quebec. Positioned along the city’s main artery, this ±120,751 sq. ft. parcel is ready for immediate construction of a visionary residential project that has already received municipal endorsement. The proposed development includes a striking 7-story front tower harmonized with a 6-story rear structure, supported by over 60 underground parking spaces. All key pre-development milestones have been completed: demolition of existing buildings, environmental studies, drilling reports, and architectural plans. The site is flat, cleared, and strategically located near major retailers including Costco, Canadian Tire, and SAQ, with direct access to Highway 20—linking Montreal and Quebec City. The property includes multiple assembled lots and a home at 700 des Mélèzes, which can be used for workforce housing or site operations. A request is underway to increase the tower height to 10 stories, further enhancing the project’s long-term value. With 3D renderings valued at over $100,000 and municipal approvals already secured, this is a turnkey opportunity for developers seeking to make a bold impact in one of Quebec’s fastest-growing urban centers.

FOR SALE DETAILS

PRICE

$5,000,000 CAD

PRICE/SF

$41 CAD /SF

# OF UNITS

100

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.77 AC

LAND SF

120,751 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jacinthe ParenteauRE/MAX ELITE INC.More Info
819-477-5444

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Jacinthe ParenteauRE/MAX ELITE INC.More Info
819-477-5444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.