Everyone is eligible for the standard option. Whether you are a first-time buyer or already an owner, you need to pay a deposit of only $1,000 and the SHDM will advance you the 10% down payment required to purchase an accredited Accès Condos, standard option unit.

Monthly payment calculator
Condo price
10% purchase credit (down payment advanced by the SHDM)
Your minimum down payment
Will you be making an additional down payment? (optional)
Amount of your mortgage
Monthly mortgage payment

Please note that the CMHC Mortgage Loan Insurance premium (if applicable) is not included in this calculation.

Interest rate
3%
  • 2%
  • 3%
  • 4%
  • 5%
Amortization period
25 years
  • 15 years
  • 20 years
  • 25 years

Per month

Calculate owner's equity at time of re-sale (net value of property, minus mortgage)
Profit per year
3%
  • 2%
  • 3%
  • 4%
  • 5%
Re-sale in (year)
5 years
  • 1 year
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 6 years
  • 7 years
  • 8 years
  • 9 years
  • 10 years
  • 15 years
Value of your property
Your mortgage balance
Initial purchase credit
Amount of increased value to repay
Total Accès Condos repayment
Owner’s equity at time of re-sale (net value of property, minus mortgage)
Do your calculations

Faubourg Contrecoeur Phase 5

95 Accès Condos accredited condos where affordability and functionality go hand in hand

The project, whose construction was completed in 2018 in the Mercier–Hochelaga-Maisonneuve borough, project offers 95 affordable condominium units featuring one to five bedrooms. There are 52 two-bedroom units, 22 three-bedroom, 18 one-bedroom, two four-bedroom and one five-bedroom. As whole, it comprises six floors with two elevators. Its contemporary design blends harmoniously with the surrounding built environment thanks to a play of subtle architectural volumetry. The contrast of the colours of the masonry brings character to the project. The full-height windows provide exceptional luminosity in each unit and many enjoy a view of the park Carlos D’Alcantara, located right in front of the project.

Read about the other phases: Phase 1 – Phase 2 – Phase 3 – Phase 4Phase 6

 

Location

When the quality of city living contributes to curbing urban sprawl

Faubourg Contrecoeur is a truly innovative residential neighbourhood for families. The urban park Carlos-d’Alcantara and its comprehensive facilities (mini-soccer field, climbing wall, exercise equipment for adults and seniors, play areas for children and teenagers, water play park, basketball court, bike path, table tennis tables, rest and picnic areas, well-lit pedestrian trails, chalet and slope for sledding in winter) contribute to the quality of life of the neighbourhood. Residents also benefit from excellent accessibility thanks to the proximity of highways 40 and 25 and Honoré-Beaugrand métro station.
The Accès Condos accredited units of Faubourg Contrecœur meet the objectives of the Ville de Montréal by offering families an affordable alternative to buy their home and live in Montréal while curbing urban sprawl and the migration to the suburbs.

faubourg-contrecoeur-velo

Developer

Developer
Contact
  • SEC Merlin Contrecoeur450 928-1906

Info@merlin-immobilier.qc.ca https://www.merlin-immobilier.qc.ca/

Builder

Builder
Contact
  • EBC inc418 872-0600

ebc@ebcinc.com https://www.ebcinc.com/

Architect

Architect
Contact
  • Ruccolo Faubert Architectes514 527-1391

info@rfa-architectes.com https://atelier-rfa.squarespace.com/

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