3 bedrooms
1 bathroom
1 half bath
2 levels
Living space area (basement exclu.) 7,759 ft² (720.83 m²)
Lot dimensions 8,331 ft² (773.98 m²)

Owners’ comments

Automated translation

Turnkey semi-commercial building in Farnham

Magnificent century-old building located in the heart of downtown Farnham. Bordered by the Yamaska River and Conrad-Blain Park, it is close to

all shops and services.

Awarded in 2008 by the City of Farnham, following major renovations, it won the distinction of Best renovation project in the preservation of built heritage.

Three local shops and services are located on the ground floor (a hairdressing salon, a clinic and a training center) and a large apartment is located on the 2nd floor.

A magnificent terrace offers a breathtaking view of St-Romuald Church and the Yamaska River. The spacious home is 2683 square feet and currently offers comfort and amenities. It has 3 bedrooms, custom wall storage, a walk-in closet, double closets and an indoor veranda

.

Its exceptional location allows for a very practical way of life. Ideal for a future owner or for an investor who wants a building that generates stable and progressive income until 2029 in a growing municipality and with potential for additional income. With rental income in excess of $90,000/year, its MRB ratio is very competitive

.

A visit will convince you! Contact us now to visit.

Complete Description
Complete Description

Property features

Property Style
Ancestral
Price Detail
Commercial / Residential
Asking Price
$1,199,000
Building dimensions
5,076 ft² (471.58 m²)
Municipal Assessment
$635,700
Year of construction
Unknown
Number of exterior parking
5
Adapted for reduced mobility
Yes
Annual income
$91,000.00

External facing:

  • Canexel wood fibre siding

Heating source:

  • Electric
  • Heat-pump

Kitchen:

  • Dishwasher
  • Stove
  • Fridge

Equipment/Services Included:

  • Window coverings
  • Blinds
  • Electric vehicle charging station

Bathroom:

  • Bath and shower
  • Two sinks

Basement:

  • Separate entrance
  • Unfinished
  • Potential income

Renovations and upgrades:

  • Cabinets
  • Central air
  • Kitchen
  • Bathrooms

Parking / Driveway:

  • Asphalt

Location:

  • Near park

Lot description:

  • Water view

Near Commerce:

  • Supermarket
  • Drugstore
  • Financial institution
  • Restaurant

Near Health Services:

  • Dentist
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School

Near Recreational Services:

  • Library

Roof:

  • Asphalt shingles
  • Membrane

Municipal services:

  • Aqueduct
  • Sanitary Sewer

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Property taxes
$850.54
$10,206.49
School taxes
$37.16
$445.89
Electricity
$220.83
$2,650.00
Water taxes
$12.50
$150.00
Property maintenance
$97.92
$1,175.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$7,583.33
$91,000.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

Download the legal documents that you need

Go to your DuProprio account and access free copies of the legal documents you need for a successful real estate transaction.

See documents

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$1,199,000

2 Storey for sale

237-239-241-245, rue Principale Est Farnham Estrie

No. 1142080

Commercial / Residential
Are you interested in this property?
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Are you interested in this property?
Here’s how to contact the owner
Send a message