20 bedrooms
6 bathrooms
1 half bath
Lot dimensions 764.4 m² (8 227.93 ft²)

Owners’ comments

Automated translation

Opportunity/VERY GOOD INVESTMENT! Downtown Sherbrooke .

SIXPLEX (4 LOGIS AND 2 SHOPS). Very well maintained building and housing. Good location. Large parking lot.

-4 rooms: 3 x 6 1/2 and 1 x 4 1/2, allrented.

-2 rentedshops (340 sq.ft. Approx. and 800 sq.ft. approx.).

( Heating/electricity at the expense of residential and commercial tenants).

THE CITY OF SHERBROOKE anticipates ?REVITALIZATION INVESTMENT? in this sector in the very short term!

GROW

INCOME /YEAR: $46,440.00

SPENDS/YEAR: $16,085.00

NET INCOME (before mortgage): $30,355.00/year $2,530.00/month.

Cause of Sale: Retirement

ASKED PRICE: $375,000.

*Have a recent professional rating above the requested price

Complete Description
Complete Description

Property features

Asking Price
$375,000
Details
With income
Certificate of Location
Yes
Number of parkings
7
Taxes year
2019
2 Bedroom
1
4 Bedroom and more
3
Bedrooms (total)
20
Commerce(s)
2

Heating source:

  • Electric

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Land taxes
$608.50
$7,302.00
Electricity
$46.92
$563.00
Maintenance fees
$364.67
$4,376.00
Insurance
$320.42
$3,845.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,870.00
$46,440.00

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.

$

How to buy this property

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Did you know?

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?

Easily familiarize yourself with the market by visiting DuProprio.com and by verifying the price that comparable properties in the area have sold for. You’ll get a better idea of how much you should offer. You can also hire a licensed appraiser.

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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

$375,000

6 units or more for sale

No. 854325

With income
Contact the owner
Contact the owner