$1,595,000

6 units or more for sale

2-266 rue gillespie Sherbrooke (Mont-Bellevue) Estrie

No. 1143166

With income
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
See it on the map
The steps involved in buying a property Buy
Print
Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
4 bedrooms
2 bathrooms
Lot dimensions 6,023 ft² (559.56 m²)

Owners’ comments

Automated translation

6-unit building for sale, located at 266-274 Gillespie Street in Sherbrooke.
Here is the email to contact me: rayburez@hotmail.com

Monthly unit revenue:

Housing number: 266-1 Monthly
rent: $1,880 Number of rooms: 6½ Number of rooms: 6½
Number of bathrooms/SE: 2 Inclusions: Electricity, Internet, parking Housing
number: 266-2 Monthly rent: $1,885 Number of rooms: 6½ Number of rooms: 6½

Number of SDB/SE: 2
Inclusions: Dishwasher, Internet, SE: 2 Inclusions: 2 Inclusions: Dishwasher, Internet, parking Housing number: 268 (vacant) Estimated monthly
rent: $1,150 Number of rooms: 4½
Number of rooms: 6½ Number of SDB/SE: 2
Inclusions: Dishwasher, Internet, Parking Lot
number: 268 (vacant) Estimated monthly
rent: $1,150 Number of rooms: 6½ Number of rooms: 6½

Number of SDB/SE: 2 Inclusions: Dishwasher, Internet, SE: 2 Inclusions: Dishwasher, Internet, Parking Lot
number: 268 (vacant) DB/SE: 1 Inclusions: Semi-furnished, Internet, parking Property
number: 270


(vacant) Estimated monthly
rent: $1,150
Number of rooms: 4½ Number of SDB/SE: 1
Inclusions: Semi-furnished, Internet, parking Unit
number: 272 Monthly
rent:
$1,100 Number of rooms: 4½ Number of rooms: 4½

Number of SDB/SE: 1 Inclusions: Semi furnished, SDB/SE: 1 Inclusions: Semi-furnished, electricity, Internet, parking: 1
Inclusions: Semi-furnished, electricity, Internet, parking Lot
number: 274 Monthly
rent:
$1,200 Number of rooms: 4½ Number of rooms: 4½


Number of bathrooms/SE: 1 Inclusions: Semi-furnished, electricity, Internet, parking Sessions:

Semi-furnished, electricity, Internet, parking


Potential annual gross income: $100,380 Gross income
multiplier: 15.88

The building is sold with legal warranty.

Actual current expenses for the last year.

Municipal taxes: $7544.88 School taxes: $689.74 Water taxes: $689.74 Water
taxes: $1150.20 Residential sanitation
taxes: $1527.60
Insurance: $2196.35
Electricity: $1607.11 Internet:
$1607.11 Internet: $1144.44 Internet: $1144.44 Snow removal: $1144.44 Snow removal: $972.64 Building management software (Magex): $442.23


Total: $17,275.19

Complete Description
Complete Description

Property features

Asking Price
$1,595,000
Style
4 seasons
Details
With income
Year of construction
2014
Building dimensions
30.9x48.3 ft (9.42x14.72 m)
Occupation rate
66
Courtyard orientation
North-East
Number of parkings
6
Lot's municipal evaluation
$223,300
Building's municipal evaluation
$674,900
Annual income
$100,380.00
2 Bedroom
4
4 Bedroom and more
2

External facing:

  • Fibre cement

Foundation:

  • Cast concrete

Roof:

  • Asphalt shingle

Heating source:

  • Electric

Features:

  • Air exchanger
  • Ceiling fixtures
  • Stove

Kitchen:

  • Melamine wood imitation finish

Bathroom:

  • Bath and shower

Parking / Driveway:

  • Aggregate

Location:

  • Near park
  • Public transportation

Lot description:

  • Flat geography

Near Commerce:

  • Bar
  • Drugstore
  • Restaurant
  • Supermarket

Near Health Services:

  • Medical center
  • Hospital

Near Educational Services:

  • Elementary school
  • High School
  • Daycare

Near Recreational Service:

  • Library
  • Gym
  • Bicycle Path

Municipal services:

  • Aqueduct
  • Sanitary Sewer

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Apartment 1
Storey: Main floor
Dimensions: 13' 2" x 46' 3" (4,01 m x 14,1 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$57.48
$689.74
Municipal taxes
$628.74
$7,544.88
Electricity
$125.77
$1,509.25
Water taxes
$95.85
$1,150.20
Other taxes
$127.30
$1,527.60
Insurance
$183.03
$2,196.35
Total known costs
More info on the costs involved in buying a property

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$8,365.00
$100,380.00

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

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$1,595,000

6 units or more for sale

2-266 rue gillespie Sherbrooke (Mont-Bellevue) Estrie

No. 1143166

With income
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
See it on the map
The steps involved in buying a property Buy
Print
Are you interested in this property?
Here’s how to contact the owner

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
Do you want to sell commission-free, too?
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1 866 387-7677
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