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Investors Wanted for Residential Subdivision Aylmer Area in Bois-Franc, Quebec

This 114 acre property is located in the Municipality of Pontiac, QC just five minutes west of Aylmer off Highway 148. The land fronts on Terry Fox Rd. at the corner of Maple Lane and it has a development potential of 108(+/-) rural residential lots.
These lots, averaging 150' X 270', will each have a value of $100,000(+), providing a Project Value upon completion of $11,000,000.00(+). Lots further to the west of this property are currently selling at $105K and higher.
We are looking for four investors of $150,000 each. Investors may be accepted on a first come first served basis.
If you or know some investors that might be interested I would be happy to show the property and answer any questions. This is one of the best properties in the region and is not listed with real estate. It is a private sale.
1. The Municipality is working very hard in conjunction with the MRC to have this property re-zoned for residential development and I am confident this will be done within the next 12 months.
2. We have negotiated a purchase and sale agreement with the seller of $1,250,000.
3. Upfront cash requirement $750,000 includes down payment, first year mortgage and interest payment and working capital.
4. Need one investor or 4 investors at $150,000.
5. Return on investment: Once the property is re-zoned and if the property is flipped to a builder your return is projected to be 3.0 to 4.0 times your investment
within 12 months. If the investors were to develop the property themselves your anticipated return would be 7.0 to 8.0 times your investment.
6. We could be selling lots next spring.
If you are interested in becoming an investor please call me!
Chris McColgan
Hm 819-682-4361
Cell 819-664-2362

$150,000
Seller:
Type: Commercial buildings
Province: Quebec 
City: Bois-Franc 
Category: Commercial buildings
Commercial buildings in Quebec
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View similar ads: Commercial buildings, Commercial buildings in Quebec