Comments on: Seven Years Later, Still For Sale http://montrealrealestateblog.com/seven-years-later-still-for-sale/ A daily dose of the local market. Sat, 11 Oct 2008 16:15:13 +0000 http://wordpress.org/?v=2.6.2 By: Ugo http://montrealrealestateblog.com/seven-years-later-still-for-sale/#comment-1424 Ugo Tue, 26 Aug 2008 13:40:33 +0000 http://montrealrealestateblog.com/?p=222#comment-1424 Well i can tell you why this piece of "prime land" is still for sale and neglected: the owner - an old man who is in no rush to sell - asks $3,8 million for the building and the parking at back. I inquired because the building itself interrests me and i had - notice the past tense here - i had a smooth idea to help bring some life in the area, but there is no way i can find 3.8 $M and expect to be profitable or even break even. SO saddly this land will be bought by a huge contractor who will pop some souless commercial spaces at the bottom and put up as many condos as needed to be profitable on top. My two cents :) Ugo -- stencilworks.finewar.ca Well i can tell you why this piece of “prime land” is still for sale and neglected:
the owner - an old man who is in no rush to sell - asks $3,8 million for the building and the parking at back.
I inquired because the building itself interrests me and i had - notice the past tense here - i had a smooth idea to help bring some life in the area, but there is no way i can find 3.8 $M and expect to be profitable or even break even.
SO saddly this land will be bought by a huge contractor who will pop some souless commercial spaces at the bottom and put up as many condos as needed to be profitable on top.

My two cents :)

Ugo
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stencilworks.finewar.ca

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