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6 bedrooms
5 bathrooms
Lot dimensions 100.00x100.00 ft (30.48x30.48 m)

Owners’ comments

Automated translation

Highly profitable income building located on a double lot comprising 4 dwellings and 1 businessfully leased and yielding more than$40,000/year :

  • 2 x 4 1/2 as big as 5 1/2
  • 2 x 3 1/2
  • 1 x trade

A common, grassy, landscaped and very intimate backyard is available for the enjoyment of tenants.

Located in the east of Sherbrooke (Fleurimont), this building is minutes from all services, such as schools, hospitals, shopping centers, public transportation, medical clinics, sports centers and restaurants.

Several important recent renovations :

  • Asphalt in 2016
  • Roofing in 2017
  • Air conditioning in 2018
  • Exterior stairs with ramps, the front of the concrete trade and all the ramps of the PVC galleries in 2019.
  • All windows and patio doors of the dwellings have been changed, in 2019
  • Electrical complaints replaced by wall convectors in 2019 and 2020.

The commercial space is located at the front of the building. It was completely refurbished in 2020. The annual cost of this rent is 14400.00 before taxes, and tenants pay the business tax. It has an area of 1000 square feet.

Contact us for more information!

Any offer to purchase will be considered and reviewed.

Complete Description
Complete Description

Property features

Asking Price
$500,000
Details
With income
Year of construction
1980
Building dimensions
65.33 ft² (6.07 m²)
General condition
Excellent
Occupation rate
100
Certificate of Location
Yes
Number of parkings
13
Municipal evaluation's date
2020
Lot's municipal evaluation
$111,500
Building's municipal evaluation
$230,800
Taxes year
2020
1 Bedroom
2
2 Bedroom
2
Bedrooms (total)
6
Commerce(s)
1

External facing:

  • Brick
  • Vinyl Siding

Foundation:

  • Cast concrete

Frame:

  • Wooden dunnage

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate
  • Terrazzo

Windows:

  • PVC

Heating source:

  • Convectair
  • Electric

Features:

  • Central vacuum
  • Shed
  • Central air
  • Ceiling fixtures
  • Stove
  • Blinds
  • Alarm system

Kitchen:

  • Raised panel oak
  • Wooden cabinets
  • Stove
  • Fridge

Bathroom:

  • Bath and shower
  • Ceramic Shower

Upgrades:

  • Addition
  • Architecture of the facade
  • Cabinets
  • Heating
  • Decorative Columns
  • Kitchen
  • Electrical
  • Windows
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Roof
  • Gutters
  • Painting
  • Half bath
  • Foundation
  • Shed
  • Terrace

Parking / Driveway:

  • Asphalt
  • Outside

Location:

  • Highway access
  • Near park
  • No backyard neighbors
  • Residential area
  • Public transportation

Lot description:

  • Flat geography
  • Hedged
  • Patio/deck

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College
  • University

Near Recreational Service:

  • Gym
  • Sportif center
  • Bicycle Path

Complete list of property features

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.

Need the form?

Documents to download

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.

$500,000

Quintuplex for sale

No. 920569

With income
Do you want to sell commission-free, too?