$795,000 +GST/QST

sixplex for sale - Sherbrooke (Fleurimont)

$795,000 +GST/QST

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$795,000 +GST/QST

sixplex for sale - Sherbrooke (Fleurimont)

$795,000 +GST/QST

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463 - 473 Rue Papineau, Sherbrooke (Fleurimont), J1E 1X4

Magnificent sixplex located in the heart of Sherbrooke and close to the Cégep de Sherbrooke. Offering two commercial facilities as well as 4 apartments, so three units of 6 1/2 and a 5 1/2 completely renovated, this property will charm an investor as much as an owner-occupant. All units have a washer dryer entry in their laundry room and are heated with electricity at the expense of the tenants. All leases except the owner-occupied lease have been renewed for 2022. A building with a lot of potential and good income, do not miss this opportunity.

  • Lot area: 11,085 SF
  • NUMBER OF ROOMS : 0
  • Year built : 1930
SACHA DE SANTIS INC.
Real Estate Broker
Brokers tranquilit
Building details and property interior
Particularities plusParticularities minus

53'7" X 53'1" Irregular

1930

PVC

Stone

Brick

Asphalt shingles

Wood

Addenda
Particularities plusParticularities minus

DESCRIPTION OF THE LEASES:
463 Rue Papineau: Hairdresser's, $1,050 per month
465 Rue Papineau: Beauty salon, $1,050 per month
467 Rue Papineau: 6 1/2 with laundry room, $670/month
469 Rue Papineau: Large 5 1/2 with laundry room, $850/month (owner occupants)
471 Rue Papineau: 6 1/2 with laundry room, $670/month
473 Rue Papineau: 6 1/2 with laundry room, $670/month

RECENT IMPROVEMENTS:
- Most windows replaced around 2008
- 3 shop windows replaced in the East Side living Room as well as the hairdresser's side 2 windows (2020) Invoices available
- Doors were replaced between 2008 and 2020 (depending on wear)
- All electrical outlets and switches were replaced (2010)
- Heated mainly by electric baseboards and barbershop by double-energy furnace
- The landlord's appartment 469 was completely renovated in 2020
- Commercial rent 465 was completely renovated in 2018-19
- Renovated front balcony, replacement of the aluminum ramp (2017)
- New bathrooms installed in 3 appartments (2008, 2011 and 2020)

LOCATED AT ONLY:
- 3 minutes from Cégep de Sherbrooke
- 10 minutes from the Sherbrooke University
- 30 minutes from Magog

Building details and property interior
Particularities plusParticularities minus

53'7" X 53'1" Irregular

1930

PVC

Stone

Brick

Asphalt shingles

Wood

Lot and exterior features
Particularities plusParticularities minus

68'4" X 109' Irregular

11,084.67 SF

Flat

View of the city

Asphalt

Driveway : 18

CEGEP , Hospital , Park , Bicycle path , Elementary school , High school , Public transportation

Commercial , Residential

Characteristics
Particularities plusParticularities minus

Forced air , Electric baseboard units

Electricity

Wall-mounted air conditioning

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

Water heaters x 6, light fixtures, blinds of 469, heat pumps x 2, air conditioning, the two wardrobes and shoe rack of 469.

Furniture, appliances, personal items belonging to the tenants and tools in the basement.

Financial details
Particularities plusParticularities minus
Assessment (2022)
Taxes
  • (2022)
  • (2021)
Gross yearly revenu (potential)
463 - 473 Rue Papineau, Sherbrooke (Fleurimont), J1E 1X4
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 36.2%
  • 20.8%
  • 20.6%
  • 10.8%
  • 9.1%
  • 10.9%
  • 1.8%
  • 19.4%
  • 64.4%
  • 0.0%
UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
  • Statistics Household
  • Statistics Individual
  • Statistics Owners
  • Statistics Renters
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SACHA DE SANTIS INC.
Real Estate Broker
Brokers tranquilit

MORTGAGE PAYMENTS CALCULATOR

Financial details

Assessment (2022)
Taxes
  • (2022)
  • (2021)
Gross yearly revenu (potential)
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