9 - 15 Saint-Joseph, Sherbrooke

Asking Price

$879,000

Property Description

Four-unit building located in the heart of Brompton. It comprises three 5.5-room units and one 4.5-room unit, all spanning two floors and featuring both a powder room and a full bathroom. Unit #15 can be made vacant for an owner-occupant! Tenants are responsible for their own energy costs. The building underwent a major conversion in 2005 and still offers significant potential for optimization in the coming years. There is an option to purchase it as part of a portfolio with the neighboring four-unit building (1-7 St-Joseph).

Highlights

Bright living space with various amenities nearby.

Two-level layout offering comfort and privacy.

Peaceful setting bordered by trees, with no rear neighbors.

Unit 15 can be delivered vacant, making it ideal for an owner-occupant. A tenant currently occupies the unit under a month-to-month arrangement.

Capital spendings in recent years

Major conversion around 2005 (footings, foundation, drains, doors and windows, insulation, balconies, railings, brickwork, interior partitions, soundproofing, plumbing, electrical, cabinetry, flooring, etc.)

Other information

The sale is made without legal warranty of quality, at the BUYER'S risk and peril.

Pets are permitted under the leases.

Minor variance regarding lot area, front and side setbacks, and encroachment.

A new certificate of location has been ordered.

Location
Building description

General Information

Cadastral number3 600 616

Total Municipal Assessment

Total Municipal Assessment592 700 $
Municipal Land Assessment103 600 $
Municipal Building Assessment489 100 $

Construction

Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1924; major conversion around 2005.

Electromechanical System

Fire SystemSmoke detectors

Parking

Type of ParkingExterior
Number of Parking Spaces4

Area

Land Surface Area7 009 sq. ft.

Building type

Laundry RoomN/A
Number of Rooms19
Number of Units3 x 5.5, 1 x 4.5
Washer/Dryer InletYes
Appliance ResponsibilityTenant
Heating ResponsibilityTenant
Hot Water ResponsibilityTenant

Features

FencedN/A
Internet and TelecomN/A
PlumbingCopper, ABS
Condition of RoofAsphalt shingles
Condition of DoorsGood condition
Condition of BalconiesGood condition
Concierge AgreementN/A
Intercom and DoorbellDoorbells, independant entrees
Heating SystemElectric baseboards
Hot Water SystemIndependent tanks
Condition of WindowsGood condition - PVC
Condition of KitchensGood condition
Electrical PanelsCircuit breakers
Exterior SidingBrick
Condition of BathroomsGood condition
Environmental ReportN/A
Floor CoveringParquet, floating floor, ceramic tile
Income & Expenses

Revenue

Unit9
Sq. Ft.
Rooms4
Bedrooms2
Bathroom2
Monthly Rent1 250 $
Lease ExpirationVacant
Washer and Dryer EntryOui
Remarques
Rental value

Revenue

Current Amount
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Expense

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Financing Simulator

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Required Down Payment
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Monthly Payment

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CPU

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GRM

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Net Revenue $
Annual Mortgage Payment $
Cashflow After Loan $
Jessika Lahaie
Jessika Lahaie
Team Jessika Lahaie
Executive VP
|
Real Estate Broker | PMML Partner
819-345-2487 jessika.lahaie@pmml.ca
Property Photos
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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