3 bedrooms
1 bathroom
Lot dimensions 4 711 ft² (437.67 m²)

Owners’ comments

Automated translation

Opportunity to seize! Beautiful multi-unit building composed of 5 units, in the Mont-Bellevue area

, Sherbrooke.

The building is strategically located near downtown Sherbrooke and Sherbrooke University. The apartments have large bright rooms and offer a pleasant living space for tenants.

Witnessing its value, the current owner has always been very easy to rent units. This is eloquent proof that this location is highly sought after, making this investment even more attractive

.

The five apartments, including one 6 ½, four 3 ½, are well maintained by the tenants in place as reflected in the photos and offer unparalleled comfort and convenience for students or professionals who want to be close to everything.

Complete Description
Complete Description

Property features

Asking Price
$540,000
Style
Detached
Year of construction
1929
Building dimensions
4 440.11 ft² (412.5 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
East
Number of parkings
6
Municipal evaluation's date
2022
Lot's municipal evaluation
$43,800
Building's municipal evaluation
$287,600
1 Bedroom
4
4 Bedroom and more
1
Bedrooms (total)
3

External facing:

  • Brick

Foundation:

  • Cast concrete

Frame:

  • Wooden part on part

Roof:

  • Elastomer membrane

Floor coverings:

  • Hardwood

Windows:

  • Wood

Heating source:

  • Electric

Electric system:

  • 100 amps
  • 200 amps

Kitchen:

  • Wooden cabinets

Bathroom:

  • Bath and shower

Basement:

  • Unfinished

Upgrades:

  • Bathrooms

Parking / Driveway:

  • Crushed Gravel

Location:

  • Near park
  • Public transportation

Lot description:

  • Corner lot

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant

Near Health Services:

  • Medical center

Near Educational Services:

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

Near Recreational Service:

  • Library
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bedroom 1 (Primary)
Storey: Main floor
Dimensions: 10' x 12' (3,05 m x 3,66 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$24.46
$293.49
Municipal taxes
$427.25
$5,127.00
Maintenance fees
$83.33
$1,000.00
Insurance
$267.00
$3,204.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$2,920.00
$35,040.00

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.

Need the form?

Documents to download

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.

$540,000

Quintuplex for sale

891-899, rue Larocque

Sherbrooke (Mont-Bellevue) Estrie

No. 1051233

Contact the owner

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.

Contact the owner

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.