Pierrefonds-Roxboro – Land Acquired for Residential Redevelopment Near the REM

Landerz highlights the completion of a complex transaction in a dynamic regulatory context: the Government of Quebec is set to roll out new flood zone maps, while the City of Montreal is adopting its Urban and Mobility Plan 2050. The site also required soil decontamination, which was carefully considered in assessing its market value.

The City of Montreal has therefore acquired a parcel of land for a residential redevelopment project in Pierrefonds–Roxboro, just one minute on foot from the REM station.

A project of this nature requires rigorous validation of the municipal vision in terms of densification and regulatory compliance. Landerz successfully completed this transaction thanks to dedicated representation, access to specialized land development expertise, and the use of precise land value data. We commend the seller for their patience and flexibility in making this transaction possible.

The site currently benefits from as-of-right zoning permitting up to 3 residential storeys. However, according to Landerz’s analysis — considering the proximity to major transit, the absence of adjacent single-family homes, and the City’s Urban Plan orientations — a higher-density development could reasonably be considered.

Leopold Guillaume acted as the listing broker representing the seller.