For Sale

$1,679,000

+GST/QST

361 - 371 Rue Alexandre , Sherbrooke (Les Nations), QC J1H4S9

1 Beds 1 Baths

Remarks

For savvy real estate investors, here's a 14-unit home with a unique cachet! All brick, its solid construction will enchant you. A recent major renovation added 2 vast lofts, giving the property a contemporary touch and highlighting its exceptional rental potential. It also features 2 street-facing commercial premises, offering entrepreneurs the opportunity to establish their business in an environment with ideal visibility. To facilitate the purchase, an advantageous APH Sélect mortgage is available and can be assumed by the buyer. Excellent annual revenues, so don't delay!

This sale is made without legal warranty of quality from the seller, the buyer not renouncing the legal warranties given by previous owners and received by the seller when he acquired the building, which are hereby transferred to the buyer.

The mortgage loan will have to be assumed by the buyer. People's Trust - CMHC APH Select - Balance: $1,139,070, Rate 4.5%, End of term January 2027

Phase 1 environmental 2022 in accordance with the file.

Visit under accepted promise to purchase only.

Proof of funds required when submitting a promise to purchase.

Inclusions:

According to current leases.

Exclusions:

According to current leases.

Property Summary

  • Neighbourhood: Mont-Bellevue
  • Lot Assessment: $94,700.00
  • Building Assessment: $809,100.00
  • Total Assessment: $903,800.00
  • Assessment Year: 2023
  • Municipal Tax: $17,597.00
  • School Tax: $814.00
  • Annual Tax Amount: $18,411.00 (2024)
  • Lot Frontage: 58.9 Feet
  • Lot Depth: 125.4 Feet
  • Lot Size: 8152.5 Square Feet
  • Building Width: 50.9 Feet
  • Building Depth: 79.8 Feet
  • No. of Parking Spaces: 6
  • Built in: 1949
  • Bedrooms: 1
  • Bathrooms (Total): 1
  • Zoning: AUT, COMM, INDS, RECR, RESI

Building Features:

  • Driveway:
    Unpaved
  • Heating System:
    Hot water
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity , Natural gas
  • Foundation:
    Poured concrete
  • Distinctive Features:
    No rear neighbours
  • Proximity:
    CEGEP , Daycare centre , Hospital , Park , Bicycle path , Elementary school , High school , Public transportation
  • Siding:
    Brick
  • Floor Covering:
    Concrete , Wood
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Window Type:
    Guillotine
  • Roofing:
    Elastomeric membrane
  • Topography:
    Flat

Revenue Units

  • Potential gross revenue: Residential
    $124,596.00
  • Potential gross revenue: Commercial
    $24,528.00
  • Potential gross revenue: Date
    07-01-2023

Expenses (annual)

  • Other
    $2,718.00
  • Snow removal
    $529.00
  • Equipment (rental)
    $911.00
  • Electricity
    $12,021.00
  • Gas
    $5,514.00

Revenue Units

  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 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

Phone: 819.820.8363

Home Phone: 819.820.8363

Home Fax: 819.562.5590

Get More Info