Six-unit building located in the north of Sherbrooke. Completely renovated in 2016, this is a rare opportunity on the market. The building comprises five 5 ½ units and one 4 ½ unit, offering spacious and well-appointed apartments. Some bedrooms have ensuite bathrooms. Energy costs are covered by the tenants. A property that stands out for its quality and location. Don't miss out!
Located behind École du Soleil-Levant and Saint-Alphonse-de-Liguori Park.
Well-maintained property in a desirable area.
2.4 km from Cégep de Sherbrooke and 4.6 km from Université de Sherbrooke.
Outdoor storage spaces.
Building completely renovated in 2016.
Unit 102 will be fully repainted in 2025.
The sale is made without legal warranty of quality, at the buyer’s own risk.
The signing of the deed of sale will take place on or after October 8, 2026.
Snow removal: $1,092.26, Lawn care: $517.39
| Cadastral number | 1 048 701 |
| Total Municipal Assessment | $ 791 600 |
| Municipal Land Assessment | $ 170 700 |
| Municipal Building Assessment | $ 620 900 |
| Number of Storeys | 2 |
| Type of Building | Isolated |
| Type of Construction | Bricks and woods |
| Year of Construction | 1962 |
| 8 outdoor storage spaces. | |
| Fire System | Yes, fire panel |
| Type of Parking | Exterior |
| Number of Parking Spaces | 8 parking spots |
| Land Surface Area | 8,579 sq. ft. |
| Laundry Room | No |
| Number of Rooms | 29 |
| Number of Units | 5 x 5.5, 1 x 4.5 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | In the back |
| Internet and Telecom | N/A |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Good condition 2016 |
| Condition of Doors | Good condition 2016 |
| Condition of Balconies | Woods and fiberglass, some large balconies |
| Concierge Agreement | No |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards and electric convectairs, 4 air conditioners |
| Hot Water System | 6 independent tanks |
| Condition of Windows | Good condition 2016 |
| Condition of Kitchens | Good condition 2016 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Bricks |
| Condition of Bathrooms | Good condition 2016 |
| Environmental Report | Yes |
| Floor Covering | Ceramic, floating |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $78,384 | 100 % | $1,089 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $78,384 | $1,089 | |
| Vac. / Bad debt | $2,352 | 3 % | $33 |
| EGR | $76,032 | $1,056 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,421 | 4.5 % | $570 |
| Municipal Taxes | Current | $9,327 | 12.3 % | $1,555 |
| School Taxes | Current | $580 | 0.8 % | $97 |
| Insurance | Current | $4,050 | 5.3 % | $675 |
| Electricity | Current | $970 | 1.3 % | $162 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | Current | |||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2 % | $250 |
| Maintenance | Normalised | $4,200 | 5.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $760 | 1 % | $127 |
| Total expenses | $24,809 | 32.6 % | $4,135 | |
| Net Revenue | $51,224 | $8,537 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $922,217 | $642,705 |
| Financing CAP | 4.72 % | 5.98 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.08 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $51,224 | $51,224 |
| Annual Mortgage Cost | $49,569 | $42,686 |
| Net cash after mortgage | $1,654 | $8,537 |
| RETURN ON INVESTMENT | ||
| Down Payment | $425,783 | $705,295 |
| Cash on cash return | 0.4 % | 1.2 % |
| Return on liquidity + capitalization | 2.7 % | 3.2 % |
| Total yearly return with appreciation of 2 % | 9.08 % | 7.06 % |
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