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5 bedrooms
3 bathrooms
Lot dimensions 6 500 ft² (603.87 m²)

Owners’ comments

Automated translation

Beautiful triplex well maintained and several renovations done over time, very well located near several schools and hospitals! 1 x 5 ½ pieces and 2 x 3 ½ pieces. Well appointed rents in a rental sector that can be rented very easily. Each unit has an independent entrance as well as a shared entrance. Large lot with a nice parking space and a large shed.

Rental income $25,800/year as of July 1, 2022. (current income of $22,080/year)

Addendum

Unit details: # 390:5 ½ room apartment located on the 1st floor, rented $900/month nothing included until June 30, 2022 then $1,200 as of July 1, 2022, nothing included, until June 30, 2023. With a large living area including a large kitchen, dining room and living room. Bathroom including washer-dryer area as well as 3 good-sized bedrooms. Tenants benefit from a large outdoor patio, storage space in the shed as well as access to the lot.

# 388 & # 392: Two 3 ½ room apartments located in the basement, rented $470/month nothing included until June 30, 2022 then $475 as of July 1, 2022, nothing included, until June 30, 2023. The accommodations have an independent external entrance as well as access to a common area located there a joint laundry room for the two 3 ½ units.

The triplex has the potential to generate substantial annual income. Rental income as of July 1, 2022 of $25,800 per year.

The property is located less than 2 km from the Cégep de Sherbrooke and the 24 Juin Professional Center and less than 5 km from the Fleurimont Hospital and less than 4 km from the Hôtel-Dieu Hospital.

This is not an offer or promise that may bind the seller to the buyer, but an invitation to submit such offers or promises.

3D tour available for all three accommodations. Visit of housing on accepted promise to purchase. 24 hours notice for visits.


Sale without legal guarantee of quality, at the risk and peril of the buyer.

Updating a new certificate of location will be at the expense of buyers.

Complete Description
Complete Description

Property features

Asking Price
$459,000
Details
New price
Year of construction
1970
Building dimensions
1 168 ft² (108.51 m²)
General condition
Standard
Occupation rate
100
Certificate of Location
Yes
Number of parkings
4
Municipal evaluation's date
2022
Lot's municipal evaluation
$66,700
Building's municipal evaluation
$151,600
Taxes year
2022
1 Bedroom
2
3 Bedroom
1
Bedrooms (total)
3

External facing:

  • Stucco

Foundation:

  • Cast concrete

Frame:

  • Wooden part on part

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate
  • Linoleum

Windows:

  • PVC

Heating source:

  • Electric

Electric system:

  • 100 amps
  • 200 amps

Features:

  • Laundry room
  • Shed

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • Totally finished
  • Separate entrance
  • Potential income

Upgrades:

  • Windows
  • Floors
  • Roof
  • Shed
  • Terrace

Parking / Driveway:

  • Outside
  • Crushed Gravel

Location:

  • Highway access
  • Public transportation

Lot description:

  • Flat geography
  • Patio/deck

Near Commerce:

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

Near Health Services:

  • Hospital
  • Medical center

Near Educational Services:

  • Elementary school
  • High School
  • College

Near Recreational Service:

  • Gym
  • Sportif center
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Ceramic
Bedroom 1 (Primary)
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Bedroom 2
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Bedroom 3
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Dining room
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Kitchen
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Bamboo
Kitchen
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Laundry room
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Ceramic
Living room
Storey: Main floor
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Apartment bedroom
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Apartment bedroom
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Linoleum
Apartment kitchen
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Apartment kitchen
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Linoleum
Bathroom
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Ceramic
Bathroom
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Ceramic
Bathroom
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Linoleum
Living room
Storey: Basement
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Laminate
Entrance
Storey: Lower
Dimensions: 1' x 1' (0,3 m x 0,3 m)
Flooring: Linoleum

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$15.84
$190.07
Municipal taxes
$277.08
$3,325.02
Insurance
$79.67
$956.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$1,840.00
$22,080.00

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.

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.

Contact the owner
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