Sell 705 Sherbrooke Street to One City
General Committee makes recommendations; City Council makes the final decision.
We haven’t matched this to Council’s final vote yet. Committee recommendations normally go to the City Council meeting on April 20, 2026.
Councillor Votes
Full Resolution Text
a) That the property known municipally as 705 Sherbrooke Street be declared surplus and be sold at $410,000 to One City Community Development Services and the City provide a vendor take-back mortgage in the amount of $200,000 to secure the principal under the terms of the Affordable Housing Facility Agreement and to be fully forgivable at the end of the 20-year term subject to compliance with such terms. b) That each of the Mayor, Clerk, Commissioner, Legislative Services and Manager Realty Services or any one or more of them, be authorized to execute such documents to give effect to the proposed transactions on terms acceptable to the said Commissioner and in forms acceptable to the City Solicitor.