I have come across a pre-construction condo project in Brossard (shout shore of Montreal). possession day will be end of 2021. it is not only just located right beside future REM station which can take you to downtown Montreal within 10 minute. but also it is called TOD project, it is a biggest real estate project in qc. they are going to build 2600 rental and residential unit there , also hotel, conference center, shopping mall, nursing home, park, office and so on, it also said it will provide 5000 job there. it seems good to me. but I also think about something
1) this is high end building located within 400m future train station. Rein transportation effect report said multifamily in this location have possibility to increase 99 percent, it is applied to this situation?
2) if 2600 rental unit will creative more rental competition in the future?
3)builder keep third to thirteenth floor for rental, only sell from fourteenth floor up, it is good for exit later day?
4) condo fee 0.35 per square , I think it is too high.
5) cash flow not good. 563 square foot one bed room for 291231 ( include garage and tax) but rent only 1100-1200.
please five some insight about it . thank you!!!
1) this is high end building located within 400m future train station. Rein transportation effect report said multifamily in this location have possibility to increase 99 percent, it is applied to this situation?
2) if 2600 rental unit will creative more rental competition in the future?
3)builder keep third to thirteenth floor for rental, only sell from fourteenth floor up, it is good for exit later day?
4) condo fee 0.35 per square , I think it is too high.
5) cash flow not good. 563 square foot one bed room for 291231 ( include garage and tax) but rent only 1100-1200.
please five some insight about it . thank you!!!