For Sale

$9,900,000

915 - 950 Rue des Blés , Sherbrooke (Fleurimont), QC J1E3J8

des Paysans

Remarks

A rare opportunity to acquire a portfolio of 64 residential units comprising the buildings at 915 and 950 Rue des Blés in Sherbrooke, Fleurimont borough. Two buildings, each with 32 units, consisting primarily of 4½-bedroom units, as well as several 3½-bedroom units, meeting strong rental demand. Ideally located in a rapidly developing commercial and residential area near the Sherbrooke University Hospital Center (CHUS), services, transportation, and major roadways. A strategic opportunity with excellent appreciation potential for investors seeking a significant asset in a dynamic market.

L'Équipe is proud to present this investment opportunity consisting of the properties located at 915 and 950 rue des Blés in Sherbrooke, Fleurimont borough, totaling 64 rental units distributed between two 32-unit buildings (23 units of type 4½ and 9 units of type 3½). This is a rare opportunity to acquire two buildings located in close proximity to one another, in one of the most dynamic rental markets in the Estrie region.

As this sale includes two separate buildings, all information presented in this listing reflects the combined total of both properties.


BUILDING DETAILS

915, rue des Blés, Sherbrooke (Qc) J1E 3J8
* Lot number: 1 331 159
* Assessment roll number: 43027-9732-71-5353
* Municipal assessment: $3,125,400
(Land: $708,600 -- Building: $2,416,800)
* Lot size: 41,703 sq. ft. (3,874.3 m²)
* Building area: 6,793 sq. ft. (631.11 m²)

950, rue des Blés, Sherbrooke (Qc) J1E 3L4
* Lot number: 1 331 165
* Assessment roll number: 43027-9732-62-7534
* Municipal assessment: $3,009,300
(Land: $565,900 -- Building: $2,443,400)
* Lot size: 32,664 sq. ft. (3,034.6 m²)
* Building area: 6,793 sq. ft. (631.05 m²)


INVESTMENT POTENTIAL

This portfolio represents an excellent opportunity for investors looking to:
* acquire a large-scale asset
* benefit from strong rental demand
* take advantage of centralized management of two neighboring buildings
* progressively optimize revenues and asset performance
* secure a real estate investment in a high-demand area

The projected revenues shown are based on expected income as of July 1, 2026, and will be updated in the coming weeks following confirmation of lease renewals and completion of the current leasing process.

Please refer to the appendix regarding existing financing for details on CMHC loans and MLI Affordability commitments.

Please also refer to the appendix outlining revenues and expenses by building.

When submitting a bid, buyers must sign the CMHC Schedule of Loans and Liabilities and the Schedule of Expenses and Revenues by Property.

Proof of funds and financing scenario required with any promise to purchase.


RECENT IMPROVEMENTS

915, rue des Blés
* 24 balconies replaced in 2022
* Front façade drainage completed in 2021
* Water heaters (year and quantity to be confirmed)
* Intercom system updated

950, rue des Blés
* Water service line replaced in 2025
* Roof redone in 2025
* Water heaters (year and quantity to be confirmed)

This sale is made without any legal warranty of quality, at the BUYER'S own risk.

Inclusions:

In accordance with the current leases.

Exclusions:

In accordance with the current leases.

Property Summary

  • Lot Assessment: $1,274,500.00
  • Building Assessment: $4,860,200.00
  • Total Assessment: $6,134,700.00
  • Assessment Year: 2026
  • Municipal Tax: $79,555.00
  • School Tax: $4,224.00
  • Annual Tax Amount: $83,779.00 (2026)
  • Lot Size: 6908.9 Square Metres
  • Building Width: 40.53 Metre
  • Floor Space (approx): 3786.49 Square Metres
  • Built in: 1978
  • Zoning: Residential

Building Features:

  • Common Walls:
    Detached
  • Foundation Details:
    Poured concrete
  • Lot Features:
    Highway , CEGEP , Daycare centre , Hospital , Park , Bicycle path , Elementary school , High school , Public transportation
  • Parking Features:
    Asphalt
  • Roof:
    Elastomeric membrane
  • Sewer:
    Municipality
  • Utilities:
    Water Connected , Sewer Connected
  • Water Source:
    Municipality

Revenue Units

  • Potential gross revenue: Residential
    $674,748.00
  • Potential gross revenue: Date
    04-15-2026

Expenses (annual)

  • Insurance
    $27,929.00
  • Other
    $5,856.00
  • Snow removal
    $4,600.00
  • Electricity
    $61,638.00
  • Garbage
    $2,532.00
Lifestyle
Neighbourhood Info
Agent

Alain Laplante

Courtier Immobilier

Phone: 819.820.8363

Home Phone: 819.820.8363

Home Fax: 819.562.5590

Agent

Dominique Massicotte

Courtier immobilier résidentiel et commercial

Dominique Massicotte Courtier immobilier inc.

Phone: 819.820.8363

Home Phone: 819.820.8363

Home Fax: 819.562.5590

Agent

Jean-Francois Bérubé

Courtier immobilier agréé DA

Phone: 819.820.8363

Home Phone: 819.820.8363

Home Fax: 819.562.5590

Toll Free: 888.820.8363

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