Strategically located on Galt Street East in Sherbrooke, this property offers a turnkey opportunity for the construction of a 100-unit rental building. The three-story building will have a floor area of approximately 29,875 square feet. The project will offer a diverse range of rental units, including 3 ½, 4 ½, and 5 ½ apartments, meeting strong demand in the rental market. The building is designed with underground parking, storage spaces, an elevator, and optimized layouts to maximize profitability. Situated on a lot of over 8,800 square meters, it is just 700 meters from the Hôtel-Dieu Hospital and 2 kilometers from Cégep de Sherbrooke. The design also includes landscaping, green spaces, and an interior courtyard, enhancing the quality of life for future residents. Professional valuation November 2025 at $3M!
Attractive rental area, close to all amenities: schools, parks, hospitals, downtown, and more!
Excellent road access thanks to the proximity of Highway 410, which connects to Highway 10 towards Montreal, and Galt Street is served by STS bus routes.
A professional appraisal conducted in November 2025 established the value at $3,000,000.
The sale is made without any legal warranty of quality, at the buyer’s own risk.
Within six months of the adoption of the resolution, a deed of perpetual right of way must be signed.
