A 6-unit all-brick apartment building in Sherbrooke, consisting of 5 units with 4½ rooms and 1 unit with 3½ rooms. The Mont-Bellevue neighborhood is particularly attractive due to its proximity to the University of Sherbrooke, the CHUS, schools, shops, parks, essential services, and public transportation. Its strategic location helps maintain strong rental demand and is a major asset for investors. The heating system has been fully converted from oil to electric.
Significant potential for increasing revenue and creating value;
Well-maintained property that has undergone improvements over the years;
Energy costs are shared between the owner and the tenants.
Replacement of several windows;
Plumbing work carried out over the years;
Complete conversion of the heating system from oil to electricity;
Bathroom renovations, including the installation of Bain Magique wall and floor tiles.
About 1.5 km from the University of Sherbrooke;
Easily accessible by public transportation.
High rental demand from students and professionals.
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 1 033 014 |
| Total Municipal Assessment | 527 800 $ |
| Municipal Land Assessment | 127 700 $ |
| Municipal Building Assessment | 400 100 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1962 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 6 |
| Land Surface Area | 7 499 Sq ft |
| Laundry Room | No |
| Number of Rooms | 23 |
| Number of Units | 5 x 4.5 + 1 x 3.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Owner |
| Fenced | To be verified |
| Internet and Telecom | To be verified |
| Plumbing | Copper, ABS |
| Condition of Roof | To be verified |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboard |
| Hot Water System | Centralized tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Fuses and circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | No |
| Floor Covering | Laminate flooring, tiles, wood |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $64,980 | 100 % | $903 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $64,980 | $903 | |
| Vac. / Bad debt | $1,949 | 3 % | $27 |
| EGR | $63,031 | $875 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,836 | 4.5 % | $473 |
| Municipal Taxes | Current | $7,118 | 11.3 % | $1,186 |
| School Taxes | Current | $373 | 0.6 % | $62 |
| Insurance | Current | $2,300 | 3.6 % | $383 |
| Electricity | Current | $1,306 | 2.1 % | $218 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.4 % | $250 |
| Maintenance | Normalised | $4,200 | 6.7 % | $700 |
| Appliances | ||||
| WiFi | Current | $960 | 1.5 % | $160 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $630 | 1 % | $105 |
| Total expenses | $21,224 | 33.7 % | $3,537 | |
| Net Revenue | $41,807 | $6,968 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $739,690 | $524,553 |
| Financing CAP | 4.80 % | 5.98 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.2 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $41,807 | $41,807 |
| Annual Mortgage Cost | $40,466 | $34,839 |
| Net cash after mortgage | $1,341 | $6,968 |
| RETURN ON INVESTMENT | ||
| Down Payment | $160,310 | $375,447 |
| Cash on cash return | 0.8 % | 1.9 % |
| Return on liquidity + capitalization | 5.7 % | 5.0 % |
| Total yearly return with appreciation of 2 % | 16.94 % | 9.76 % |
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