Great investment opportunity comprising 3 buildings of 8 units located on the same street in Sherbrooke, for a total of 24 units. Each building consists of 7 x 4½ and 1 x 2½. The portfolio generates gross reported revenues of $258,850 annually. An attractive opportunity to acquire multiple buildings in close proximity and streamline property management.
Close to Mont-Bellevue Park and its trails, as well as numerous shops and services.
An attractive opportunity to acquire several properties in the immediate vicinity that offer great potential for optimization.
Well-maintained properties and quality tenants.
Storage available in the basement.
Renovation of kitchens, floors, and bathrooms over the years.
Roofs redone in 2014
Doors and windows replaced in 2011
Fiberglass balconies dating from 2015
The sale is made without legal warranty of quality, at the buyer's risk and peril.
2026 Phase I and Phase II environmental reports available.
| Cadastral number | 2 130 897, 2 130 896, 2 130 893 |
| Total Municipal Assessment | 2 095 400 $ |
| Municipal Land Assessment | 620 700 $ |
| Municipal Building Assessment | 1 474 700 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1970 - 1972 |
| Fire System | Yes |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 24 spaces |
| Land Surface Area | 29 699 pi² |
| Laundry Room | N/A |
| Number of Rooms | 60 |
| Number of Units | 21 x 4½ and 3 x 2½ |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants/Owner (9) |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Number 1850 shares a bin with the neighbor. | |
| Fenced | Yes, at the back |
| Internet and Telecom | N/A |
| Plumbing | ABS / PEX / Copper |
| Condition of Roof | Elastomeric membrane +/- 2014 |
| Condition of Doors | Good condition - Approx. 2011 |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes |
| Heating System | Hot water dual-energy (oil and electricity) |
| Hot Water System | Central tank - Dual-energy (oil and electricity) |
| Condition of Windows | Good condition - Approx. 2011 |
| 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 | Phase I and Phase II completed in 2026 |
| Floor Covering | Floating / ceramic / Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $260,100 | 100 % | $903 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $260,100 | $903 | |
| Vac. / Bad debt | $7,803 | 3 % | $27 |
| EGR | $252,297 | $876 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $12,615 | 5 % | $526 |
| Municipal Taxes | Current | $28,313 | 11.2 % | $1,180 |
| School Taxes | Current | $1,429 | 0.6 % | $60 |
| Insurance | Current | $7,363 | 2.9 % | $307 |
| Electricity | Estimated | $13,102 | 5.2 % | $546 |
| Heating | Estimated | $4,995 | 2 % | $208 |
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Estimated | $6,000 | 2.4 % | $250 |
| Maintenance | Normalised | $16,800 | 6.7 % | $700 |
| Appliances | Estimated | $960 | 0.4 % | $40 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,523 | 1 % | $105 |
| Total expenses | $94,100 | 37.3 % | $3,921 | |
| Net Revenue | $158,197 | $6,592 |
| Maximum loan amount | $1,813,341 | $2,269,197 | $2,681,778 |
| Financing CAP | 6.54 % | 5.93 % | 5.01 % |
| Debt coverage ratio | 1.25 | 1.3 | 1.1 |
| Interest Rate | 5.0 % | 4.5 % | 4.5 % |
| Amortization | 25 Years | 40 Years | 40 Years |
| Term | 5 Years | 5 Years | 5 Years |
| Net Revenue | $158,197 | $158,197 | $158,197 |
| Annual Mortgage Cost | $126,558 | $129,306 | $151,904 |
| Net cash after mortgage | $31,639 | $28,891 | $6,293 |
| RETURN ON INVESTMENT | |||
| Down Payment | $2,051,659 | $1,595,803 | $1,183,222 |
| Cash on cash return | 1.5 % | 1.8 % | 0.5 % |
| Return on liquidity + capitalization | 3.4 % | 3.2 % | 2.7 % |
| Total yearly return with appreciation of 2 % | 7.15 % | 8.05 % | 9.27 % |
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