A 12-unit brick building, entirely composed of 4 ½ units with storage spaces. The building is heated entirely by electricity, with energy costs shared between the owner and tenants according to the unit. Some improvements have been made, including one fully renovated unit and refreshes (flooring and paint) in some units. Ideally located in the Mont-Bellevue area, near the University of Sherbrooke and offering quick access to the highway. A great investment opportunity with an attractive return!
A few kilometers from Highway 410 and the Université de Sherbrooke.
Within walking distance of the services available on Dunant Street and Belvédère.
Several units are rented to tenants receiving an OMH housing subsidy.
Revenues reflect 2026-2027 renewal notices.
Some images were generated using artificial intelligence.
Addition of heat pumps
Refreshment of common areas in 2025
Complete renovation of apartment #1 at 886 Arsenault.
Ideal for energy efficiency financing. See CMHC scenario.
The sale is made without legal guarantee of quality at the buyer's risk.
Snow removal: $1,397.00 Lawn care: $776.00
| Cadastral number | 2 130 840 |
| Total Municipal Assessment | 1 298 700 $ |
| Municipal Land Assessment | 299 000 $ |
| Municipal Building Assessment | 999 700 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1972 |
| Fire System | Smoke alarm |
| Type of Parking | Outdoor |
| Number of Parking Spaces | Around 12 parking spaces at the rear of the building |
| Land Surface Area | 18 000 pi² |
| Laundry Room | No |
| Number of Rooms | 48 |
| Number of Units | 12 x 4.5 |
| Washer/Dryer Inlet | YES |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Owner/Tenant |
| Hot Water Responsibility | Owner/Tenant |
| Fenced | No |
| Internet and Telecom | Internet |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Elastomeric membrane |
| Condition of Doors | Some have been changed, some are in fair condition |
| Condition of Balconies | Medium condition |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbells |
| Heating System | Electric baseboard heaters, heat pumps |
| Hot Water System | Independent tank |
| Condition of Windows | To be verified |
| Condition of Kitchens | Good and medium condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good and medium condition |
| Environmental Report | Yes (December 2023) |
| Floor Covering | Laminate, vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $191,760 | 100 % | $1,332 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $191,760 | $1,332 | |
| Vac. / Bad debt | $5,753 | 3 % | $40 |
| EGR | $186,007 | $1,292 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $9,300 | 5 % | $775 |
| Municipal Taxes | Current | $16,265 | 8.7 % | $1,355 |
| School Taxes | Current | $924 | 0.5 % | $77 |
| Insurance | Current | $7,582 | 4.1 % | $632 |
| Electricity | Current | $12,485 | 6.7 % | $1,040 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $4,800 | 2.6 % | $400 |
| Maintenance | Normalised | $8,400 | 4.5 % | $700 |
| Appliances | ||||
| WiFi | Current | $2,262 | 1.2 % | $189 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,860 | 1 % | $155 |
| Garbage | Current | $978 | 0.5 % | $82 |
| Total expenses | $64,856 | 34.9 % | $5,405 | |
| Net Revenue | $121,151 | $10,096 |
| Maximum loan amount | $2,159,083 | $1,459,280 |
| Financing CAP | 4.77 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.15 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $121,151 | $121,151 |
| Annual Mortgage Cost | $116,947 | $96,921 |
| Net cash after mortgage | $4,203 | $24,230 |
| RETURN ON INVESTMENT | ||
| Down Payment | $439,917 | $1,139,720 |
| Cash on cash return | 1.0 % | 2.1 % |
| Return on liquidity + capitalization | 6.2 % | 5.0 % |
| Total yearly return with appreciation of 2 % | 18.01 % | 9.54 % |
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