Lot dimensions 869.5 m² (9 359.22 ft²)

Owners’ comments

Automated translation

Building of 8 units located near the Université de Sherbrooke. 1 x 3 1/2, 3 x 4 1/2 and 4 x 5 1/2. Elastomer roofing. Heating with natural gas (hot water). Large parking located at the back of the building. Ideal location for a student clientele (proximity to supermarket, financial institutions, and public transport).

Complete Description
Complete Description

Property features

Asking Price
$695,000
Style
Detached
Details
With income
Year of construction
1969
Building dimensions
193 m² (2 077.43 ft²)
General condition
Standard
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Number of parkings
14
Municipal evaluation's date
2019
Lot's municipal evaluation
$104,400
Building's municipal evaluation
$467,600
Taxes year
2019
1 Bedroom
1
2 Bedroom
3
3 Bedroom
4

External facing:

  • Brick

Foundation:

  • Cast concrete

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Linoleum

Windows:

  • French Window
  • PVC

Heating source:

  • Hot water

Features:

  • Central vacuum

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • Totally finished
  • Separate entrance

Parking / Driveway:

  • Asphalt
  • Outside

Location:

  • Near park
  • Residential area
  • Public transportation

Lot description:

  • Panoramic view
  • Fenced
  • Landscaped

Near Commerce:

  • Restaurant
  • Shopping Center

Near Educational Services:

  • Daycare
  • Elementary school
  • High School

Near Recreational Service:

  • Ski resort
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Open concept
Storey: Main floor
Dimensions: 255' x 255' (77,72 m x 77,72 m)
Flooring: Concrete

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$69.92
$839.00
Municipal taxes
$688.75
$8,265.00
Heating
$585.42
$7,025.00
Insurance
$276.33
$3,316.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$4,923.00
$59,076.00

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.

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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

$695,000

6 units or more for sale

No. 870963

With income
Contact the owner
Contact the owner