Manoir Full House of aces
Just the perfect weather and Manoir Stanstead finally got the full house treatment on Sunday as 300 people showed up for the first big open house at the former Ursulines convent.
“It’s been tough,” admits André Fratelli. “Showing people what the Manoir is was impossible as I soon discovered. While we had built the demonstration apartments, which are what the Manoir is all about, apartments with the privacy that one expects in one but with the care of a senior’s house, I soon saw that since none of our 72 units are alike, prospective customers preferred to see them all before choosing. This is not the way things usually go!”
So while early leases were hard to come by, the project was supposed to open early this year and some were cancelled as a result: “Since we’ve been able to show all of the apartments, lease signing is going well.”
What Mr. Fratelli, his group is involved in four residences, discovered in Stanstead still amazed him. “We’ve had a couple of American visitors who were in complete shock when they discovered that it cost half as much in Stanstead than in the United States for the type of apartments that we are offering! I didn’t know this even though we researched how to admit Canadians living in the USA. What surprised me was that as soon as they have a valid lease signed with us, that they can obtain their Health Insurance Card immediately. I haven’t done the real math yet, I will soon, but it seems that even
with a greater tax rate in Quebec, the difference in prices would be more than offset by the rental cost and our health care system, leaving a couple of hundreds of dollars in the pockets of my residents.”
As for the future expansion, the project could grow to over 200 units. Mr. Fratelli said that, after spending eight million dollars, he would pause for a while. “But I would not be surprised if we finish the whole project for late 2012 or early 2013.”
Parking spots were hard to find at last Sunday’s Open House at Manoir Stanstead.