Property Brochure

Residential Development Lands for Sale
Boisbriand, Québec
Faubourg Boisbriand Residential Lands
Investment
Hig
LOT 4
LO
L
ghlights
Opportunity Overview
This offering highlights the last remaining multiresidential development sites available in the
prestigious Faubourg Boisbriand Project, the site of
the former GM assembly plant that closed in 2002 and
which has since undergone major redevelopment and
regeneration initiatives. This opportunity represents
a unique opportunity for one or more discerning
residential developer to capitalize on the unique
attributes of one of the most exciting new communities
on Montréal’s North Shore and to design and build a
project tailored to the residential demand of this fastgrowing area. Each site is serviced and zoning is in
place, leaving only final design, end use, configuration
and method of construction to be determined by the
successful developer(s).
Location Highlights
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OT 3
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LOT 2
Great location at the intersection of Highways 15
and 640, minutes away from Montréal and Laval.
Well-established development project, featuring
fully completed infrastructure and known for
the abundance of green spaces, services and
amenities.
Adjacent to the ICI Faubourg Boisbriand shopping
mall, anchored by Costco, Brick, and IGA.
Well-serviced by public transit.
Market Highlights
LOT 1
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Boisbriand is a growing suburb of the Montréal
and Laval markets featuring a relatively young
median age and rising demographic trends.
The Boisbriand residential rental market saw a
decrease in vacancy in 2014, which now rests at
1.6%.
Condominium listings in the area continue
growing at a substantial rate with a 22% increase
in active listings for Q4-2014.
Sought-After
Faubourg Boisbriand
Residential Lands
Lo
Faubourg Boisbriand
Residential Lands
ocation
Easy access to all amenities
With an impressive walking score of 64%, the
Property benefits from its location, adjacent to the
ICI Faubourg Boisbriand shopping mall, a future
suburban train station, and a far-reaching transit
system. The density of retailers, established mostly
over the last 5 years, are a testament to the potential
growth of this community. ICI Faubourg Boisbriand
is home to Costco, Future Shop, IGA, SAQ, JeanCoutu Pharmacy, Marshall’s, Scotia Bank, over 20
restaurants and bars, as well as well as another 40
fashion, decoration, health, electronics, and furniture
retailers.
Well-established public transit system
Boisbriand offers residents a far-reaching public
transit system, connecting it to the neighbouring
municipalities as well as to the broader Laval and
Montréal markets. Buses 51, 52 and 59 service
the Faubourg Residential Lands project, linking it
to Montmorency metro station and Montréal’s STM
system. Only 4 kilometers away is Sainte-Thérèse
suburban train station and the new Boisbriand
train station is to be built immediately adjacent the
Property in the foreseeable future.
Great connectivity to the Laval and
Montréal markets
Boisbriand is located only approximately 35
kilometers northwest of Montréal’s downtown core
and is connected to the Montréal and Laval markets
via Highways 13, 15, and 640. This makes it the
city with the highest number of highways per square
kilometer in the province. The Project is located
ideally at the intersection of Highways 15 and 640
and is therefore only a short drive away from the
Laval and Montréal.
Fast-Growing
M
Market
Positive demographic trends
Boisbriand’s population has grown steadily over recent
years and counts today to 27,356 residents. Household
statistics speak to the high quality of life the city offers
residents and young families: The average household
income is $87,297, the average household counts 3.2
individuals per home and the median age is 36.7. Among
the most important employers are ConAgra Foods,
Kontron Canada, Lumec, and Plaisir Gastronomiques,
which highlight the city’s approach to economic diversity.
A thriving rental market
According to the CMHC, the greater Boisbriand
area rental market had a total of 8,125 condos and
apartments in 2014. Two bedroom apartments
represent 67% of the entire market followed by three
bedroom apartments which represent 21% of the condo
and apartment sector. The North Shore rental market
remained stable in 2014 with average vacancy rates
sitting close to 2%; however, the Boisbriand-Blainville
sector saw a decrease in vacancy and currently rests at
1.6%. Occupancy rates for three bedroom apartments
were the highest with an average vacancy rate of just
0.5%. Bachelor apartments were rented on average for
$410 per month, one bedroom apartments at $575, two
bedrooms at $664, three bedrooms and up for $797
bringing the total average rent to approximately $665
per month among all apartment types.
High demand for condos
According to Centris, in the last four quarters, there were
a total of 294 (+23%) sales in the greater Boisbriand
market; of which 221 of these were single family homes,
52 were condominiums and the final 21 were multiplex properties (2 to 5 units). The number of active
condominium listings continued to grow in Q4-2014
with a 22% increase since last quarter and 69 condos
coming to market over the last year. In comparison,
active listings for single family homes increased by 22%
this quarter (Q1-2015). The median price for condos in
the past 12 months was $246,456 compared to single
family homes which sold on average for $255,000.
Customizable
Pr
rojects
With four lots available, the Faubourg Boisbriand
Residential Lands represent a unique opportunity
for one or more discerning residential developer
to capitalize on the unique attributes of one of the
most exciting new communities on Montréal’s North
Shore.
Customizable projects along market
trends
The Faubourg Boisbriand project is in its final stages
of completion and allows developers to select one
or more sites to design and build a project tailored
to the residential demand of this fast-growing area.
Each site is serviced and zoning is in place, leaving
only final design, end use, configuration and method
of construction to be determined by the successful
developer(s).
Multiple possible end uses
Possible end uses include condominium projects,
apartment rentals and a combination of the two.
Property Specifications
Site Area
Lot 1
Lot 2
115,604 SF
104,248 SF 57,272 SF
Permitted Uses
Municipal Evaluation $2,255,300
Lot 3
Lot 4
115,942 SF
Multi-residential
$2,714,300
$1,491,400 $3,016,000
A Sustainable
V
Vision
Work, Life, Leisure, Nature
The Faubourg Boisbriand development project is
unique across Canada. Repurposing the former site
of a GM automobile factory, it represents a true living
environment, adapted to the demands of modern life.
The project rests upon cutting-edge principles of urban
planning, integrating residential, retail, and business
components, all in an environment abondant in green
spaces and featuring extensive community services.
It epitomizes the meeting of work and life, of built and
natural environments, of urban and rural.
Ideal for young families and established
households
The project offers a variety of residential options,
adapted to professionals looking for the first home
purchase, to young families who want the advantages
of suburban living in proximity to all the services of an
urban setting, to established households, looking to
downsize. With zoning already in place, developers
can determine the final design according to their vision
of the best possible product the market has to offer.
Green living and Stage 2 Gold-ND LEED
certification
The Faubourg Boisbriand residential project was
developed to meet the highest environmental standards
and achieved a Stage 2 Gold-ND LEED certification.
Environmental sustainability is at the heart of every
element of the project. In additional to a high density
of services and amenities, all accessible by foot, the
Faubourg Boisbriand offers residents a harmonious
architecture and urban plan, an abondance of green
spaces and parks, a large lake, and kilometers of bike
and walking paths.
About JLL Inc.
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking
increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries
worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion
square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business,
LaSalle Investment Management, has $47.6 billion of real estate assets under management.
Jones Lang LaSalle Real Estate Services Inc.
Real Estate Agency
1 Place Ville Marie, Suite 2121
Montréal, Québec, H3B 2C6
Tel. +1 514 849 8849
www.jll.ca
Robert MacDougall
Senior Vice President
Capital Markets
Chartered Real Estate Broker
Jones Lang LaSalle RM
T. +1 514 667 5654
[email protected]
Mark Sinnett
Executive Vice President
Capital Markets
Real Estate Broker
Jones Lang LaSalle
T. +1 514 667 5696
[email protected]