LSR GesDev

What LSR GesDev does

LSR GesDev inc. is a private, integrated real estate developer headquartered in Saint-Lambert, Québec, and operating as part of Groupe LS4 inc. Formally established in 2014 but tracing its lineage to the LSR Group founded in 1969 by Serge Lemieux and Suzanne Lacoste, the company provides turnkey development spanning feasibility studies, rezoning, lot subdivision, site planning, construction management, and long-term property management. It serves individual home buyers and renters, institutional co-development partners and investors, and healthcare housing operators, primarily across Québec and the Montérégie region, with a historical footprint extending to Florida and Warsaw, Poland.

The company's portfolio covers residential condos, townhouses, single-family homes, rental condo communities (NOVIA brand), student housing (Roomî), and specialized senior/healthcare facilities (Maison Valeo, CHSLD) delivered through wholly-owned subsidiaries LRS Santé (healthcare housing) and Albert Immobilier (property management). Its most notable technical differentiator is expertise in CLT (cross-laminated timber) solid-wood construction, demonstrated by Arbora in Griffintown—described as the world's largest CLT residential project with 434 units and LEED Platinum certification. Sustainability is a recurring theme, with multiple LEED Gold/Platinum-certified buildings and claims of up to 40% water and energy bill reductions.

LSR GesDev monetizes through several streams: one-time sales of developed housing units, recurring rental income from managed condo buildings, recurring property management fees via Albert Immobilier, and healthcare housing operations via LRS Santé. Go-to-market is sales-led and direct, using in-house sales and rental teams supported by digital and social marketing channels. Pricing is project-specific and not publicly disclosed. Large developments are typically capitalized through institutional partnerships with financial partners including Fonds immobilier de solidarité FTQ, Cadim/Caisse de dépôt, SOLIM, and others, with construction and architecture partners (e.g., Pomerleau, EBC, Sotramont) executing individual projects.

Name

LSR GesDev

Legal name

LSR GesDev inc.

Website

https://lsrgesdev.ca

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Private Québec-based integrated real estate developer offering turnkey services—land development, residential and healthcare housing construction, and property management—for home buyers, renters, institutional co-investors, and senior-care operators, with distinctive CLT timber and LEED-certified sustainable construction expertise.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Real estate development
• Residential construction
• Property management
• Land development
• Senior housing

Headquarters

HQ city

Saint-lambert

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Property Development and Sales: LSR GesDev develops residential real estate projects including condos, townhouses, and single-family homes for sale. Revenue is generated through the sale of completed housing units to end buyers.
2. Rental Housing Operations: The company manages rental condo buildings offering residential units for rent. Revenue is generated through monthly rental payments from tenants.
3. Property Management Services: Through sister company Albert Immobilier, the company manages buildings with a tailored approach to maximize expectations of customers, investors and tenants while optimizing short-term assets and enhancing them over the long term.
4. Healthcare Housing Development: Development of specialized housing for seniors and people with loss of autonomy through subsidiary LRS Santé, including intermediate accommodations and CHSLD facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

LSR GesDev is an integrated real estate developer that provides turnkey services from feasibility studies and land subdivision through construction management and long-term property management. The company develops residential condos, townhouses, single-family homes, rental condo buildings, student residences, and specialized senior/healthcare housing across Quebec, Ontario, Florida, and Poland, with proprietary CLT (cross-laminated timber) construction expertise exemplified by the world's largest CLT residential project (Arbora) and multiple LEED Platinum/Gold certified buildings.

Product overview

LSR GesDev is an integrated real estate developer offering turnkey development services through a portfolio of residential, condo, rental, and specialized housing projects. The company operates across several core product lines: residential dwelling development and construction management; land development with feasibility, rezoning, and infrastructure services; property management via sister company Albert Immobilier; and elderly care housing through sister company LRS Santé. The flagship projects include Arbora (CLT construction, LEED Platinum), NOVIA (rental condos with eco-responsible design), Vic&Lambert (LEED Gold), and Loggia Saint-Lambert (luxury condos), alongside care homes (Maison Valeo series, CHSLD) and student housing (Roomî). The company also develops larger master-planned communities like Villas-sur-Rive (650 units) and Willa Nowa (Warsaw, Poland).

Differentiator

Problem solved

Functional benefit

Brands

• NOVIA: Rental condo brand offering human and eco-responsible living experiences. Projects include NOVIA de la gare (Candiac), NOVIA centre-ville (Longueuil), and 2001 Victoria (Saint-Lambert).
• Arbora
• Loggia Saint-Lambert
• Vic&Lambert
• Roomî
• Villas-sur-Rive

Products and services

• Arbora Griffintown Residential Development The world's largest cross-laminated timber (CLT) residential project, located in Griffintown Montreal. Features 434 housing units (condos, townhouses, rental units) across 3 buildings of 8 floors, with 40% green spaces and LEED Platinum certification. Targeted at individual residential buyers and renters seeking sustainable housing in Montreal.
• NOVIA Rental Condo Brand Sub-brand of LSR GesDev offering rental condo projects with a human and eco-responsible living experience. Includes NOVIA centre-ville (Longueuil, 357 units with 28,000 sq ft office/commercial space), NOVIA de la gare (Candiac, 300+ units ranging from studios to 3BR), and 2001 Victoria (Saint-Lambert). Features natural lighting, large balconies, roof terraces, training rooms, and indoor pools. Target: individual renters seeking sustainable urban living.
• Loggia Saint-Lambert Luxury Condos Luxury condo complex in Saint-Lambert with 259 residential condo units across 3 phases. Offers private courtyard, exercise room, children's playroom, rooftop terrace, heated salt pool, and vegetable garden. Target: individual buyers and renters seeking premium condominium living in Greater Montreal.
• Vic&Lambert LEED Gold Condos LEED Gold certified residential building in Saint-Lambert with 50 condo units across 8 floors. Features include rooftop terrace, gymnasium, elevators, bicycle storage, and electric car terminals. Target: individual residential buyers seeking LEED-certified sustainable housing.
• Roomî Student Residence Trois-Rivières Modern student residence in Trois-Rivières with 118 spacious rooms, professional management, and well-appointed common areas. Target: post-secondary students seeking modern off-campus housing.
• Villas-sur-Rive Master-Planned Community One of Quebec's largest residential developments with 650 units including single-family homes, townhouses, and condominiums. Features abundant green space and architectural harmony. Target: individual residential buyers and families seeking suburban living in Laval.
• Maison Valeo Jean XXIII Alzheimer's Care Residence Evolutive living environment for people with Alzheimer's and cognitive disorders in Trois-Rivières. Offers 162 rooms in a safe and friendly setting. Target: elderly individuals with cognitive disorders and their families.
• Maison Beauport Senior Housing Innovative housing concept for autonomous, semi-autonomous, or loss of autonomy conditions. Offers 110 rooms with flexible services. Target: elderly individuals across the autonomy spectrum and their families.
• CHSLD Docteur Chevrier Long-Term Care 94-room residence offering convalescent and geriatric rehabilitative care for seniors with support services for clients experiencing loss of autonomy. Target: seniors requiring long-term skilled nursing care.
• Maison Valeo Pierrefonds Assisted Living Assisted living home for elderly with loss of autonomy, dedicated to people aged 65+ and those under 65 with significant physical disabilities. Offers 60 rooms. Target: elderly and physically disabled individuals.
• Albert Immobilier Property Management Services Tailor-made property management through sister company Albert Immobilier to maximize expectations of customers, investors, and tenants. Manages residential condo rental portfolios across LSR GesDev's projects including NOVIA, Loggia, and other rental buildings.
• Land Development Services Land development services including feasibility studies, legal and regulatory aspects, rezoning, lot subdivision, site planning, and infrastructure development. Target: real estate developers, municipalities, and institutional partners needing turnkey land development expertise.

Quantifiable outcome

• LEED buildings reduce water and energy bills by up to 40%
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Groupe KOcoreStrategic or Co-development PartnerDevelopment partner for Novia centre-ville Longueuil project, contributing to the TOD (Transit Oriented Development) project near intermodal terminus and metro station.
• PomerleaucoreImplementation/ SI/ Consulting PartnerConstruction partner for Novia Longueuil project, providing builder expertise for the 357-unit rental condo development.
• Formes Studio ArchitecturecoreStrategic or Co-development PartnerArchitecture firm partner for Novia Longueuil project, designing the humanist and eco-responsible living concept.
• ALDOcoreStrategic or Co-development PartnerDevelopment partner for Arbora Griffintown project.
• SotramontcoreImplementation/ SI/ Consulting PartnerBuilder/contractor for Arbora project, executing the CLT construction.
• Ipso FactominorStrategic or Co-development PartnerDevelopment partner for Loggia Saint-Lambert project (259 units across 3 phases).
• GerprominorImplementation/ SI/ Consulting PartnerConstruction partner for Loggia Saint-Lambert residential project.
• TLA ArchitectesminorStrategic or Co-development PartnerArchitecture firm for Loggia Saint-Lambert project.
• EBCcoreImplementation/ SI/ Consulting PartnerConstruction partner for Vic&Lambert LEED Gold project (50 condo units, 8 floors).
• Groupe Santé SednacoreStrategic or Co-development PartnerHealthcare partner for Maison Beauport (110 rooms) and other Valeo healthcare housing projects.
• Gerpro ConstructionminorImplementation/ SI/ Consulting PartnerConstruction partner for Maison Beauport project.
• Groupe FotarminorStrategic or Co-development PartnerPartner for Maison Beauport healthcare housing development.
• MGB AssociésminorStrategic or Co-development PartnerPartner for Maison Valeo Pierrefonds healthcare housing project (60 rooms).
• Magil constructionminorImplementation/ SI/ Consulting PartnerConstruction partner for CHSLD Valeo Saint-Lambert (94 rooms).
• Villa MedicaminorStrategic or Co-development PartnerHealthcare subsidiary partner for CHSLD Valeo project development.
• Groupe ChamplainminorStrategic or Co-development PartnerHealthcare group partner for CHSLD Valeo residence development.

Scale indicators10 records

Recent moves3 records

Direct peers

• Centroid: Quebec real estate developer with significant residential and commercial pipeline in Montreal. Comparable as a Quebec developer competing for similar land, capital, and end-customer demand.
• Devimco Immobilier: One of Quebec's largest integrated real estate developers with a similar multi-use residential/mixed-use pipeline in Greater Montreal. Directly comparable as a Quebec-based developer competing for similar institutional capital, land, and end-buyer demand.
• Broccolini Construction: Quebec/Ontario integrated real estate developer and constructor with residential, commercial, and industrial projects. Comparable as a similarly integrated developer-builder active in overlapping markets.
• Carbonleo: Montreal-based developer behind Quartier DIX30 and major mixed-use residential projects. Comparable as a large-scale Quebec developer pursuing sustainability certifications and integrated master-planned communities.
• Prével: Quebec residential and mixed-use developer with a strong sustainability/community-design orientation, including notable LEED projects. Closely comparable to LSR GesDev's residential development model and emphasis on eco-responsible construction.
• Brivia Group: Montreal-based developer of large-scale residential, condominium, and mixed-use projects. Directly comparable as a Quebec developer serving similar buyer/renter segments with comparable project sizes in the Greater Montreal area.
• Groupe Sélection: Quebec developer and operator specializing in retirement residences (RESIR) and seniors housing. Directly comparable to LRS Santé's senior/CHSLD housing model, addressing the same aging-population demand in Quebec.
• Constructions Reliance: Long-standing Quebec residential developer and constructor with multi-phase projects across Greater Montreal. Comparable in project scale, residential focus, and Quebec regional concentration.

Others

• Fonds immobilier de solidarité FTQ: Quebec institutional investor and direct real estate developer that has partnered with LSR GesDev on Novia Longueuil. Related as a recurring capital partner providing equity to similar Quebec development projects.
• SOLIM: Quebec real estate investment and management company that has partnered with LSR GesDev on the Val-des-arbres project. Related as a capital partner and service provider in the same Quebec residential ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCel_kiJHeqosjui7f1dalJg
• Facebookfacebook.com/LSRGesDev.immobilier
• LinkedInlinkedin.com/company/lsr-gesdev

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LSR GesDev