Owners’ comments

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4-UNIT INCOME BUILDING Quartier du Carré Belvedere, Sherbrooke

High quality building built in 2023 by Construction RPLH. Four large 4½ homes (2 bedrooms, 1 bathroom), 100% rented, leases in force until June 30

, 2027.

A turnkey investment

Current gross income: $67,920/year
Building entirely rented to tenants in place for several years
Possibility of gradually increasing income over the next few years GCR
guarantee valid until April 2028 Professional
assessment from 2024 to $1,160,000 Possible
financing as an investment property or as an owner-occupier (reduced and advantageous down payment) Semi-detached style

configuration: 2 semi-basement units, bathed in light thanks to large windows, and 2 apartments upstairs with large balconies and intimate courtyard. Each unit benefits from:

Huge kitchen with quartz counters and island Master
bedroom with walk-in closet, large ceramic shower Wall-mounted
heat pump (air conditioning and heating), air exchanger, central vacuum Washer-dryer
space in a closed room
2 parking lots and an outdoor storage shed per unit Excellent soundproofing and superior insulation

A prime location
In the heart of Carré Belvedere, close to all services: grocery store, shops, public transport, elementary and secondary schools, CEGEP and university. Quick access to highway 55 via the Belvedere exit. Quiet streets and lighted sidewalks

.

References, leases and documents available upon request.

Complete Description
Complete Description

Property features

2 bedrooms
1 bathroom
Lot dimensions 10 760 ft² (999.64 m²)
Asking Price
$1,169,900
Details
With income
Year of construction
2023
Building dimensions
53x39 ft (16.15x11.89 m)
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
West
Number of parkings
8
Lot's municipal evaluation
$130,400
Building's municipal evaluation
$677,900
Annual income
$67,920.00
2 Bedroom
4

External facing:

  • Brick
  • Vinyl Siding
  • Fibre cement

Foundation:

  • Cast concrete

Roof:

  • Asphalt shingle

Heating source:

  • Electric
  • Thermo-pump

Features:

  • Central vacuum
  • Shed
  • Central air
  • Air exchanger
  • Ceiling fixtures

Kitchen:

  • Melamine cabinets
  • Melamine wood imitation finish
  • Island
  • Dishwasher
  • Stove
  • Fridge

Bathroom:

  • Ceramic Shower
  • Separate Shower

Basement:

  • Totally finished
  • Separate entrance

Parking / Driveway:

  • Crushed Gravel

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Lot description:

  • Panoramic view
  • Corner lot
  • Patio/deck
  • Landscaped

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center

Near Health Services:

  • Hospital
  • Dentist
  • Medical center
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College
  • University

Near Recreational Service:

  • Gym
  • Sportif center
  • Library
  • Bicycle Path

Municipal services:

  • Aqueduct
  • Sanitary Sewer

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$45.17
$542.00
Municipal taxes
$677.50
$8,130.00
Insurance
$195.17
$2,342.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$5,660.00
$67,920.00

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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$1,169,900

Quadruplex for sale

2095 rue des Prospecteurs Sherbrooke (Mont-Bellevue) Estrie

No. 1143343

With income
Are you interested in this property?
Here’s how to contact the builder

Are you a real estate agent?

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.
Are you interested in this property?
Here’s how to contact the builder

Are you a real estate agent?

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.