Fri. Feb 23rd, 2024

The owner of a private seniors' residence in Rosemont wants to convert the 150 units into rental housing, but will have to discuss it with the borough, which prohibits it.< /p>

Another 150 RPA places closes its doors in Montreal

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The owner of the Résidence Jardin Botanique wants to close the RPA after purchasing it for $17.5 million in 2021.

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Dozens of seniors Résidence Jardin Botanique must be officially informed this week that their private residence for seniors (RPA) will be closed at the end of next summer.

L he eight-story building, built in the 1970s, is located near the Montreal Olympic Stadium. On the facade, the word residence has already been removed.

Contacted earlier this week by Radio-Canada, the owner, Kevin Hazout, explained that he had to resign himself to it due to the lack of staff and the renewal of his mortgage .

We have a loan that is maturing very soon and the financial institution does not want to renew the loan if it is an RPA, argued Mr. Hazout, who purchased the residence in 2021.

We discussed with several other financial institutions […] we even tried to sell it [the RPA] on several occasions, he specifies.< /p>Loading“Our expiration date has arrived,” says Justin Trudeau MP

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The decision to close the RPA is also based on the major difficulties encountered over the past two years in recruiting staff and welcoming new residents, added Mr. Hazout.

During the interview with the owner of the RPA earlier this week, the latter mentioned that he intended to convert the building into rental housing.

From this bad news, the good news is that we will be able to put these housing units back on the market and fill a certain need in eastern Montreal.

A quote from Kevin Hazout, owner of the Botanical Garden Residence

The goal is to have affordable housing, not to do major renovations, he explained. They're mostly 2 and a half and 3 and a half […] around $1000, $1100, and we plan to leave them at that level.

The problem is that the borough of Rosemont–La Petite-Patrie is one of those which adopted modifications to their zoning by-law in the fall of 2022 prohibiting conversions of RPA into a other type of housing.

We were all shocked to see seniors threatened with being deprived of health services in their place of residence, declared the mayor of Montreal, Valérie Plante.

The decision was taken in the wake of the attempted conversion of the RPA Mont-Carmel near downtown Montreal, which caused a lot of noise and raised resistance from residents.

The day after the interview with Mr. Hazout, a spokesperson for the latter explained that the team had just become aware of the regulation and that the company would proceed with a closure and then follow up over the coming months.< /p>Open in full screen mode

Over the past five years, more than 500 RPAs have closed their doors.

In the borough of Rosemont–La Petite-Patrie, a spokesperson explains that discussions took place this week.

< p class="StyledBodyHtmlParagraph-sc-48221190-4 hnvfyV">A written communication from the district was sent to the owner's spokesperson, reminding him that the district would not accept a project that would reduce the supply of collective residences, specifies communications manager Judith Gratton Gervais.

If an owner begins a conversion or work without a permit, he or she is exposed to legal proceedings, i.e. the issuance of infraction notices for a minimum amount of $2,000 which can be issued repeatedly up to #x27;to the proper restoration of the situation of the building, adds Ms. Gratton Gervais. Fines can therefore be issued each day the offense continues.

Currently, the RPA has 62 residents as well as tenants excluding RPA, with a capacity of 150 places. All residents will have to be installed elsewhere over the coming months given their needs, particularly those who were housed with intermediate resource services.

We work closely with the CIUSSS and rental agencies to quickly find them other accommodation, mentions Mr. Hazout. We also discussed with other residences to move them.

Impossible, according to him, to continue to accommodate them in non-RPA mode. They are all tenants who need services, explains Mr. Hazout.

In the provincial RPA register, Résidence Jardin Botanique is registered as a category 3 RPA for semi-autonomous residents. In principle, there are personal assistance, nursing care, domestic help, meals and leisure services.

According to public information collected by Radio-Canada, the building was purchased for $17.5 million in 2021, in the midst of a pandemic, by a firm owned in particular by Black Ridge (formerly Hazout Groupe).

Kevin Moïse Hazout is president of the real estate group specializing in the acquisition of undervalued multi-family properties. Our objective is to maximize the value of our real estate holdings and generate solid returns for our investors, we specify.

On the social network LinkedIn, Mr. Hazout indicates that he manages and owns more than 5,000 housing units in Canada. In an interview, he said he mainly offers real estate asset management services and owns a few doors.

Kevin Hazout has made the headlines a few times over the in recent years, particularly in cases of rent increases.

This announcement comes at a time when RPA openings in Quebec no longer make up for closures and where 2,500 seniors had to relocate in 2023 due to RPA closures. A hot issue in the National Assembly.

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