$1,599,000

Commercial space for sale

371 rue Léger Sherbrooke (St-Élie-d'Orford) Estrie

Name: 371 rue Léger, Sherbrooke (St-Élie-d'Orford) for sale
SKU: 1109166
Price: 1599000 CAD
Availability: InStock

No. 1109166

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The steps involved in buying a property Buy

Are you interested in this property?

Here’s how to contact the owner

Are you a real estate agent?

Lot dimensions 30,859.05 ft² (2,866.9 m²)

Owners’ comments

Automated translation

Original comments

For an investor, commercial building with 5328 ft² on the ground, and 7632 ft² of living space, located on Léger Street near Portland Boulevard, one of the busiest arteries in Sherbrooke. The building is fully rented with leases increasing every year. Potential income in 2026 of $122,778 and with the increases, the potential income in 2030

of $135462.

Pour investisseur, Immeuble commercial de 5328 pi² au sol, et 7632 pi² habitable, situé sur la rue Léger tout près du Boulevard de Portland, l'une des artères les plus passantes de Sherbrooke. L'immeuble est entièrement loué avec baux augmentation toutes les années. Revenu potentiel en 2026 de 122778$ et avec les augmentations le revenu potentiel en 2030 de 135462$.

Complete Description

Property features

Asking Price

$1,599,000

Details

With income

Year of construction

2014

Number of commercial units

Building dimensions

91.80x64.96 ft (27.98x19.8 m)

Certificate of Location

Yes

Number of parkings

Franchise

Lot's municipal evaluation

$103,200

Building's municipal evaluation

$1,096,900

Annual incomes

$122,778.34

Foundation:

Cast concrete

External facing:

Steel

Roof:

Elastomer membrane

Heating source:

Forced air
Electric
Radiant
Thermo-pump

Unloading dock:

External unloading dock

Upgrades:

Addition
Heating
Electricity
Floors

Parking / Driveway:

Aggregate

Zoning:

Industrial with nuisance

Location:

Highway access
No backyard neighbors

Lot description:

Flat geography

Complete list of property features

Annual and Monthly costs

Municipal taxes

$2,150.00

$25,800.00

School taxes

$65.01

$780.17

Maintenance fees

$154.17

$1,850.00

Insurance

$249.58

$2,995.00

More info on the costs involved in buying a property

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.

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.

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.

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.

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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