Espace Orsainville - A New Residential Development in Charlesbourg by ImDevCo and Fonds immobilier de solidarité FTQ

QUÉBEC CITY, Sept. 25, 2017 /CNW Telbec/ - Real estate developer ImDevCo and the Fonds immobilier de solidarité FTQ announce the launch of Espace Orsainville, a 32-unit residential rental building in Québec City's Charlesbourg borough. Located in Orsainville, a neighbourhood undergoing a major redevelopment, the building combines quality construction and exceptional prices. The project broke ground in August and is slated for completion in April 2018.

The project in brief:

• Four-storey above-ground building with 32 rental units;
• Elevator and security system;
• 1- and 2-bedroom apartments ranging from 700 ft² to 1,101 ft²;
• Rent starting at $835/month for a 3½ and $1,055/month for a 4½;
• 34 underground parking spots plus storage lockers, bicycle parking, a car wash area and charging stations for electric vehicles;
• A/C in every apartment and beautiful rooftop terrace.

Location:

• Located at 17035 Henri-Bourassa Boulevard, in Charlesbourg (Orsainville neighbourhood), north of Québec City;
• The area is a mix of residential and commercial properties, including grocery stores, restaurants, pharmacies, financial institutions and a golf course;
• Easy access to Autoroute Laurentienne and near the Métrobus (reserved lane) to downtown Québec City and Sainte-Foy.

Quotes:

"Because of its strategic location for both drivers and public transit users, Espace Orsainville is a great opportunity for young professionals who prefer new construction. This project is also a great fit for those wishing to trade in home ownership for a modern, safe and carefree living environment. Espace Orsainville is being built in a neighbourhood that is undergoing a transformation. The building stands out for its exceptional quality-price ratio and superior construction compared to what is currently found on this stretch of Henri-Bourassa Boulevard. There are no high-quality rental properties in this area, and we are looking forward to developing this market."
Gilles Pelletier, President and Project Manager, ImDevco

"With Espace Orsainville, we're partners in 7 new or existing residential buildings in Québec City, totalling close to 700 units. There are still great opportunities to be had in the residential rental market, especially for new, quality units. Espace Orsainville is in an excellent location, within walking distance of all types of services. This project is evaluated at over $5.6 million and will create about 50 jobs."
Normand Bélanger, President and CEO, Fonds immobilier de solidarité FTQ

About ImDevCo

Active in the business world and real estate industry for more than 30 years, ImDevCo specializes in real estate development and stands out for its quality construction. From design to delivery, ImDevCo understands all the complexities of the industry. Having participated in numerous projects with a total value of more than $70,000,000, ImDevCo intends to continue delivering properties that surpass its clients' needs and expectations. www.imdevco.com

About the Fonds immobilier de solidarité FTQ

Created in 1991, the Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec, and is a member of the Canada Green Building Council. Visit www.fondsimmobilierftq.com

SOURCE Fonds de solidarité FTQ