Land Site
Palerme Street
This rare vacant land for sale is situated in the heart of the Panama REM and TOD, offering an excellent opportunity for immediate residential development adjacent to the Champlain Mall. The site is conveniently located just a 4-minute drive from the new Panama REM station, with easy access to Montreal Island via the Champlain Bridge. The area is poised for a residential boom due to the ongoing construction of the REM, making this a prime investment opportunity for developers.
This property boasts an impressive land size of approximately ±75,000 square feet, with approximately 225,510 sq. ft. buildable. With a maximum height allowance of 7 floors, developers can build up to 261 units, making it an attractive investment opportunity in a highly sought-after location.
Located in the highly desirable area of Brossard on the South Shore of Montreal, this property is ideally situated just steps away from the popular Champlain Mall. As one of the last remaining land sites in the area, this presents a rare opportunity for developers and investors alike.
During the transaction, the land and surrounding sector were subjected to a City moratorium to conduct a thorough study of the aqueduct and sewage capacity for future developments. This temporary freeze on the issuance of building permits was meant to ensure the future project’s compliance with municipal regulations and environmental standards.