$625,000

Quadruplex for sale

182 5ième avenue Sherbrooke (Fleurimont) Estrie

Name: 182 5ième avenue, Sherbrooke (Fleurimont) for sale
SKU: 1127670
Price: 625000 CAD
Availability: InStock

No. 1127670

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The steps involved in buying a property Buy

Are you interested in this property?

Here’s how to contact the owner

Are you a real estate agent?

5 bedrooms

5 bathrooms

Lot dimensions 5,009.52 ft² (465.4 m²)

Owners’ comments

Automated translation

Original comments

The property is located in a sought after area, close to all services and public transport. The ground floor unit has 6 rooms including a large basement with 7-foot ceiling. The 3 1/2 of the ground floor is on two floors.

On the second floor are two large 3 1/2, including one freshly renovated, free for the buyer or for additional rental income. It is currently rented at $875 per month

The apartments have several storage spaces. The roof with 4 slopes was redone in 2020, sewer and the main water inlet have just been changed and the property has always been maintained with care. Very good tenants live in this building

La propriété est située dans un secteur recherché, près de tous les services et transports en commun. Le logement au rez-de-chaussée a 6 pièces incluant un grand sous-sol avec plafond de 7 pieds. Le 3 1/2 du rez-de-chaussée est sur deux étages.

Au deuxième se trouve deux grands 3 1/2, dont un fraîchement rénové, libre pour l'acheteur ou pour un revenu suplémentaire a la location. Il est présen tement en location a 875$ par mois

Les appartements sont dotés de plusieurs espaces de rangement. La toiture avec 4 pentes a été refaite en 2020, égout ainsi que lentrée principal deau viennent d etres changé et la propriété a toujours été entretenue avec soin. De tres bon locataires habite cet immeuble

Complete Description

Property features

Asking Price

$625,000

Year of construction

1953

Building dimensions

32.91x45.05 ft (10.03x13.73 m)

Occupation rate

Certificate of Location

Yes

Courtyard orientation

East

Number of parkings

Lot's municipal evaluation

$102,400

Building's municipal evaluation

$335,000

Annual income

$27,780.00

1 Bedroom

External facing:

Brick

Foundation:

Cast concrete

Roof:

Asphalt shingle

Heating source:

Electric

Kitchen:

Wooden cabinets

Bathroom:

Bath and shower

Basement:

Partially finished
Separate entrance

Upgrades:

Electrical
Painting
Floors
Plumbing
Doors
Half bath
Bathrooms
Carpet

Parking / Driveway:

Aggregate

Lot description:

Flat geography
Fenced

Municipal services:

Aqueduct

Complete list of property features

Annual and Monthly costs

School taxes

$22.50

$270.04

Municipal taxes

$444.27

$5,331.22

Electricity

$48.01

$576.15

Insurance

$152.87

$1,834.47

More info on the costs involved in buying a property

Annual and Monthly revenues

Revenues

$2,315.00

$27,780.00

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.

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.

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.

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.

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.

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