For Sale

$3,995,000

+GST/QST

23 - 27 Rue Gordon , Sherbrooke (Les Nations), QC J1H4Y4

2 Beds 2 Baths

Remarks

Unique investor opportunity in the heart of downtown Sherbrooke! This 15-unit building, with an adjoining vacant lot, is located on an exceptional site offering highly attractive development potential. The building has undergone major renovations, guaranteeing impeccable condition. Its distinctive character, with carefully preserved period woodwork, reflects meticulous and rigorous maintenance. Exceptionally well maintained, this building represents a rare opportunity on the real estate market. Opportunity to be seized quickly!

- The vacant land and the apartment building are to be sold together.
- Visits to the building are under accepted promise to purchase.
- The sale of vacant lot 1 030 374 is subject to GST and QST.
- The building is located in a zone subject to PIIA (class 3 heritage area).
- There may be slight water infiltration in the basement during periods of exceptional rainfall. (No damage caused).
- There is a Bell line buried on the lot line of both cadastres, and there is no servitude declared to this effect.
- Dwelling #16 (basement) is currently annexed to the owner's dwelling (23-1). It could easily be redivided.
- Potential gross income includes rental values for the owner's dwelling (23-1) and the attached dwelling #16.
- Municipal taxes for the adjacent lot amount to $2498.54 for the year 2024.
- School taxes for the adjacent lot amount to $87.95 for the year 2024-2025.
- An additional income is generated by parking space rental agreements on the vacant lot. Income is approximately $6,000 per year.

The boundaries shown in the photos are approximate and for guidance only.

Inclusions:

According to the leases.

Exclusions:

According to the leases and personnal belongings of owner.

Property Summary

  • Neighbourhood: Mont-Bellevue
  • Lot Assessment: $306,800.00
  • Building Assessment: $1,039,800.00
  • Total Assessment: $1,346,600.00
  • Assessment Year: 2024
  • Municipal Tax: $18,588.00
  • School Tax: $954.00
  • Annual Tax Amount: $19,542.00 (2024)
  • Lot Frontage: 214.2 Feet
  • Lot Depth: 99.8 Feet
  • Lot Size: 17720.6 Square Feet
  • Building Width: 84.3 Feet
  • Building Depth: 72.9 Feet
  • Built in: 1937
  • Bedrooms: 2
  • Bathrooms (Total): 2
  • Zoning: COMM, RESI

Building Features:

  • Driveway:
    Unpaved
  • Heating System:
    Hot water
  • Water Supply:
    Municipality
  • Foundation:
    Stone
  • Fireplace-Stove:
    Gas fireplace
  • Proximity:
    CEGEP , Daycare centre , Park , Bicycle path , Elementary school , High school , Public transportation
  • Siding:
    Brick
  • Bathroom:
    Ensuite bathroom
  • Basement:
    Finished basement
  • Sewage System:
    Municipality
  • Lot:
    Fenced , Landscaped
  • Window Type:
    Guillotine
  • Roofing:
    Elastomeric membrane

Revenue Units

  • Potential gross revenue: Residential
    $162,636.00
  • Potential gross revenue: Date
    10-21-2024

Expenses (annual)

  • Insurance
    $6,616.00
  • Snow removal
    $1,201.00
  • Electricity
    $2,420.00
  • Gas
    $10,431.00

Revenue Units

  • Pieces: 5 Bedrooms: 2 Bathrooms: 2 Potential Monthly Revenue: $0.00
  • Pieces: 7 Bedrooms: 2 Bathrooms: 2 Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
Lifestyle
Neighbourhood Info
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

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

Vanessa Francis-Bourque

Courtier immobilier résidentiel et commercial

Phone: 819.565.3000

Home Phone: 819.565.3000

Home Fax: 819.565.3003

Get More Info