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Income properties for sale
401 - 407, Rue Papineau, Sherbrooke (Fleurimont)
$2,850,000
$2,850,000
Income properties for sale
401 - 407, Rue Papineau, Sherbrooke (Fleurimont)
Features
Use of property
Residential
Year built
1915
Lot area
8,708 sqft
Number of units
Residential (10)
Residential units
6 x 3 ½, 2 x 4 ½, 1 x 6 ½, 1 x 7 ½
Potential gross revenue
201,180 $
Description
This 10-unit building, ideally located near Cégep de Sherbrooke, stands out for its recent improvements. A significant expansion was completed, including the addition of apartments and the conversion of the commercial space. The units offer generous spaces and undeniable charm, guaranteeing an exceptional living environment. Professional appraisal report from April 2025 at $3M!
Centris No. 13453436
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Financial details
| Municipal assessment (2025) | |
|---|---|
| Lot | $230,500 |
| Building | $1,725,900 |
| Total | $1,956,400 |
| Taxes | |
|---|---|
| Municipal (2025) | $20,310 |
| School (2024) | $1,344 |
| Total | $21,654 |
| Expenses | |
|---|---|
| Electricity | $9,592 |
| Gas | $760 |
| Insurance | $7,090 |
| Snow removal | $402 |
| Security | $351 |
| Internet & telephony | $4,732 |
| Total | $22,927 |
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