Remarks

Superb quadruplex in the heart of Sherbrooke, within walking distance of downtown and the beautiful Jacques-Cartier Park. The building includes 3 residential units and a commercial space, all currently rented. All units underwent several renovations in 2020. Investor? This project is for you. A complete virtual tour of the building is available with access to the basement from the outside on the left side.

Built in 1933, this historic building is a rare gem for investors and those looking for a versatile and ideally located property.

Consisting of a commercial space on the ground floor and three residential units upstairs all currently rented, each unit has two entrances offering convenient accessibility and stunning views of the city. Recently renovated, these units offer an urban and comfortable lifestyle. Please note that parking on the left side of the building is limited.

Nestled in the heart of downtown, so a few minutes walk from Wellington Street and the King West, tenants of this quadruplex benefit from the proximity of surrounding amenities, such as shops, the municipal library, grocery stores, public transit, restaurants, schools and all that the vibrant downtown environment has to offer.

If you are an investor looking for an exceptional opportunity, this quadruplex totally deserves your attention!

RENOVATIONS

2023
Replacement of the oil heating system with a 100% electric boiler.

2020
- unit #17: dining room redone 100%, kitchen redone 50%
- Unit #19: 100% redone
- unit #21: full ceramic, kitchen redone 100%
- unit #23: full ceramic, bathroom and kitchen 100% redone


ADDITIONAL NOTES ON UNITS

The restaurant has storage located below the balcony at the back of the building, as well as a commercial fridge of 5.8 x 10.6p. The room has two wall mounted air conditioners.

The other three units are electrically heated through electric baseboards, but units #21 and #23 also have a wall mounted heat pump.

WASHER AND DRYER INLET

All residential units have a washer-dryer entrance. The 2 1/2 entrance (Dwelling #19) is in the basement. Unit #21 is in the hallway, opposite the bathroom and unit #23 is in the bedroom.

Current annual revenues are $37,788 and will increase to $40,680 as of July 1, 2024

#17: 13 200$
#19: 7 800$
#21: 9 900$
#23: 9 780$
TOTAL 40 680$

Heating costs are now totally at the tenant's expense.

This sale is made without legal warranty of quality, at the risk of the buyer.