8-unit brick building located in the Mont-Bellevue area of Sherbrooke, consisting of 7 x 4½ and 1 x 2½. The area is distinguished by its proximity to Mont-Bellevue Park, the Université de Sherbrooke, shops, services, and public transit. Its central and sought-after location makes it an attractive rental opportunity. The property also features 8 outdoor parking spaces and sits on a 10,590 sq. ft. lot.
Near Mont-Bellevue Park.
Public transportation nearby.
Washer-dryer hookup in each unit.
Renovation of the majority of the units—including kitchens, flooring, and bathrooms—over the years (2 original kitchens).
Roof – 2016
Doors and windows – 2015
Oil-fired boiler (approx. 2016)
Fiberglass balconies (2015)
The sale is made without legal warranty of quality, at the buyer's risk.
Phase I and Phase II environmental reports available on file.
| Cadastral number | 2 130 830 |
| Total Municipal Assessment | 682 900 $ |
| Municipal Land Assessment | 221 400 $ |
| Municipal Building Assessment | 461 500 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1973 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | Around 10 spaces |
| Land Surface Area | 10 590 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | 30 |
| Number of Units | 7 x 4½ + 1 x 2½ |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants/Owner (#2 - 4 appliances) |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Central vaccum | |
| Fenced | Yes, in the back |
| Internet and Telecom | N/A |
| Plumbing | ABS / PEX / Copper |
| Condition of Roof | Elastomeric membrane - 2016 |
| Condition of Doors | Good condition - 2015 |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Oui |
| Heating System | Dual-energy hot water (oil and electricity) |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition - 2015 |
| Condition of Kitchens | Good condition, several renovated |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | Nearby |
| Condition of Bathrooms | Good condition, several renovated |
| Environmental Report | Yes, Phase I and Phase II available |
| Floor Covering | Various |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $90,852 | 100 % | $946 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $90,852 | $946 | |
| Vac. / Bad debt | $2,726 | 3 % | $28 |
| EGR | $88,126 | $918 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,966 | 4.5 % | $496 |
| Municipal Taxes | Current | $9,307 | 10.6 % | $1,163 |
| School Taxes | Current | $466 | 0.5 % | $58 |
| Insurance | Current | $2,426 | 2.8 % | $303 |
| Electricity | Estimated | $4,332 | 4.9 % | $542 |
| Heating | Estimated | $2,026 | 2.3 % | $253 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.3 % | $250 |
| Maintenance | Normalised | $5,600 | 6.4 % | $700 |
| Appliances | Estimated | $240 | 0.3 % | $30 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $881 | 1 % | $110 |
| Total expenses | $31,244 | 35.5 % | $3,905 | |
| Net Revenue | $56,882 | $7,110 |
| schl | |||
|---|---|---|---|
| Maximum loan amount | $740,155 | $992,057 | $668,276 |
| Financing CAP | 6.53 % | 4.87 % | 6.38 % |
| Debt coverage ratio | 1.3 | 1.1 | 1.25 |
| Interest Rate | 4.3 % | 4.3 % | 4.75 % |
| Amortization | 30 Years | 40 Years | 25 Years |
| Term | 5 Years | 5 Years | 5 Years |
| schl | |||
|---|---|---|---|
| Net Revenue | $56,882 | $56,882 | $56,882 |
| Annual Mortgage Cost | $46,277 | $54,613 | $45,506 |
| Net cash after mortgage | $10,605 | $2,270 | $11,376 |
| RETURN ON INVESTMENT | |||
| Down Payment | $594,845 | $342,943 | $666,724 |
| Cash on cash return | 1.8 % | 0.7 % | 1.7 % |
| Return on liquidity + capitalization | 4.0 % | 3.6 % | 3.9 % |
| Total yearly return with appreciation of 2 % | 8.49 % | 11.41 % | 7.87 % |
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