12 bedrooms
6 bathrooms
Lot dimensions 10 000 ft² (929.03 m²)

Owners’ comments

Automated translation

****RENOVED***

Building6 unitsof4 1/2rooms.

Very large living room and large bedroom. 2 Balcons par logis redone 3 years ago.

Good rental area. Stable tenants very little rotation. Good revenue growth potential.

Each unit has access to an outdoor shed. Heating and hot water are provided.

Natural gas hot water central heating system, good operation. The 2 gas water heaters for the building changed over the last three years.

Electricity is at theexpense of the tenants

Roof redone at the Complete . All the openings have been redone. Some bathrooms, kitchensand floorcoverings have been renovated.

The 2 lower housing units are 100% renovated , so: insulated concrete floors, flap plumbing ruff, cabinets, interior doors, woodwork and floor finish. Excluding Electricity

Revenues: $40,524.00/yearly

See below: monthly and annual costs.

Complete Description
Complete Description

Property features

Asking Price
$429,000
Details
Updated price
Year of construction
1969
Building dimensions
7 230 ft² (671.69 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
North
Number of parkings
10
Municipal evaluation's date
2019
Lot's municipal evaluation
$61,800
Building's municipal evaluation
$296,500
Taxes year
2019
2 Bedroom
6
Bedrooms (total)
2

External facing:

  • Aluminium Siding
  • Brick

Foundation:

  • Cast concrete

Frame:

  • Wooden dunnage

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Ceramic
  • Linoleum

Windows:

  • PVC

Heating source:

  • Hot water
  • Natural gas

Electric system:

  • 100 amps
  • Breakers panel

Features:

  • Shed

Kitchen:

  • Wooden cabinets
  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • Totally finished

Upgrades:

  • Cabinets
  • Windows
  • Insulation
  • External facing
  • Floors
  • Doors
  • Bathrooms
  • Basement
  • Roof
  • Painting

Parking / Driveway:

  • Crushed Gravel

Location:

  • Near park
  • Residential area
  • Public transportation

Lot description:

  • Patio/deck

Near Educational Services:

  • High School

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Living room
Storey: Main floor
Dimensions: 18' x 16' (5,49 m x 4,88 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$47.58
$571.00
Municipal taxes
$459.58
$5,515.00
Electricity
$29.58
$355.00
Heating
$491.67
$5,900.00
Insurance
$175.00
$2,100.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,377.00
$40,524.00

Property transfer duties

In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of a property.

$

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Whether you purchase a property from a homeowner or from a broker, the steps involved and the legal implications are the same. You’ll see that buying without an intermediary has many advantages!

Can I afford to buy this property?

Prior to visiting a property, you should verify whether you have the means to purchase it by meeting with a financial advisor. Don’t forget, you must have enough money to cover both a down payment and the expenses related to the transaction (notary, property transfer duties, etc.).

Is this property right for me?

Consult the listing to determine whether the property features meet your needs. If necessary, communicate with the homeowner to obtain additional information. You may then make an appointment with the homeowner for a visit and prepare a list of questions to ask him.

Do I need to conduct a property inspection?

Verifying the condition of the property prior to purchasing it is a good precaution to take. In order to do so, you can hire a home inspector. He will intervene at a later date. Be prepared to add the inspection conditions to the offer to purchase.

How much should I offer?

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FBD300AC-7746-4E68-A20C-3F23471BB772
How do I proceed with an offer to purchase?

Have a discussion with the homeowner in order to come to an agreement on the price, the conditions of the sale and the possession date. You can then complete the offer to purchase form.

Thanks to DuProprio, the seller benefits from a legal assistance service and can ask their legal questions in order to properly complete the document.

The sale will be sealed with a notary, but until then, nothing prevents you from consulting a notary to write-up an offer to purchase. Once the deed of sale is drafted, you will be the new homeowner!

Documents - Offer to purchase and counteroffer

$429,000

6 units or more for sale

1475 rue ADELARD-COLLETTE

Sherbrooke (Mont-Bellevue) Estrie

No. 598062

Updated price
Contact the owner
Contact the owner