Located on 8th Avenue North in the Fleurimont sector, this six-unit concrete block building consists entirely of 4 ½ apartments. An attractive investment opportunity offering good medium-term optimization potential. Energy costs are the responsibility of the tenants. Ample storage space is available in the basement. The area offers quick access to public transportation, elementary and high schools, a CEGEP (pre-university college), and a variety of shops, all within walking distance.
Internet access is provided to tenants.
The upper units have a beautiful view of the surrounding area.
Located 1 km from Cégep de Sherbrooke and a short walk from the main thoroughfare King E.
Doors and windows, roofing around 2009-2011
Independent tanks: 3 x 2021, 2 x 2020, 1 x 2011
Some units have been partially refurbished: flooring and painting
The sale is made without any legal guarantee of quality, at the buyer's own risk.
Some easements are listed on the certificate of location: view, right of way, electricity, acquired rights.
Some images were generated using artificial intelligence.
| Cadastral number | 3 584 301 |
| Total Municipal Assessment | $567 600 |
| Municipal Land Assessment | $116 700 |
| Municipal Building Assessment | $450 900 |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Concrete blocks |
| Year of Construction | 1947 |
| Fire System | Smoke detectors |
| Type of Parking | Driveway / Unpaved |
| Number of Parking Spaces | Approximately 7 spaces |
| Land Surface Area | 7 503 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | 24 |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Internet |
| Plumbing | ABS / PEX / Copper |
| Condition of Roof | Elastomeric membrane - Condition to be verified |
| Condition of Doors | To be verified |
| Condition of Balconies | Wood - To be redone |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Yes, doorbell |
| Heating System | Electric baseboard heaters |
| Hot Water System | Independent tanks (2 x 60 gallons, 4 x 40 gallons) |
| Condition of Windows | PVC / Guillotine |
| Condition of Kitchens | Kitchen cabinets: Wood / Melamine |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Concrete block |
| Distance from fire station and hydrant | Nearby |
| Condition of Bathrooms | Good condition and fair condition |
| Environmental Report | N/A |
| Floor Covering | Hardwood / Flexible flooring / Vinyl / Floating floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $65,208 | 100 % | $906 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $65,208 | $906 | |
| Vac. / Bad debt | $1,956 | 3 % | $27 |
| EGR | $63,252 | $878 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,846 | 4.5 % | $474 |
| Municipal Taxes | Current | $7,446 | 11.8 % | $1,241 |
| School Taxes | Current | $396 | 0.6 % | $66 |
| Insurance | Current | $5,957 | 9.4 % | $993 |
| Electricity | Current | $717 | 1.1 % | $120 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.4 % | $250 |
| Maintenance | Normalised | $4,200 | 6.6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $633 | 1 % | $105 |
| Internet | Current | $1,252 | 2 % | $209 |
| Total expenses | $24,947 | 39.4 % | $4,158 | |
| Net Revenue | $38,305 | $6,384 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $649,350 | $457,365 |
| Financing CAP | 5.01 % | 6.28 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.5 % | 5.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $38,305 | $38,305 |
| Annual Mortgage Cost | $36,995 | $31,921 |
| Net cash after mortgage | $1,310 | $6,384 |
| RETURN ON INVESTMENT | ||
| Down Payment | $225,650 | $417,635 |
| Cash on cash return | 0.6 % | 1.5 % |
| Return on liquidity + capitalization | 3.4 % | 3.8 % |
| Total yearly return with appreciation | of 7.16 % 31.17 % | of 5.83 % 16.02 % |
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