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Income properties for sale

401 - 407, Rue Papineau, Sherbrooke (Fleurimont)

$2,599,000 or
$2,599,000 or

Income properties for sale

401 - 407, Rue Papineau, Sherbrooke (Fleurimont)

Features

Lifestyle
20412566 2599000 /en/multi-family-properties~for-sale~sherbrooke-fleurimont/20412566?view=Summary /fr/multifamilial~a-vendre~sherbrooke-fleurimont/20412566 https://passerelle.centris.ca/redirect.aspx?&CodeDest=PATRICEMENARD&NoMLS=20412566&Lang=E&source=centris.ca /en/multi-family-properties~for-sale~sherbrooke-fleurimont/20412566/photos 45.4083001000 -71.8800258700 true
Use of property
Residential
Year built
1915
Number of units
Residential (10)
Residential units
6 x 3 ½, 2 x 4 ½, 1 x 6 ½, 1 x 7 ½
Main unit
4 rooms, 2 bedrooms, 1 bathroom
Potential gross revenue
$182,244
94

Description

Building strategically located near the Cégep de Sherbrooke. In 2019, the building was expanded to add 6 units and the upstairs commercial space was converted to residential. In 2022, the commercial space was converted into residential units. The apartments all have large rooms and great character! Authorization for 11 units. Potential for optimization! Proof of 25% down payment is required with the submission of any offer to purchase.
Centris No. 20412566

Need more details?

Visit the real estate broker's website to see the detailed sheet for this property.

Need more details?

Visit the real estate broker's website to see the detailed sheet for this property.

Listing broker

Ricky Dionne Inc., Business corporation owned by a Residential and Commercial Real Estate Broker

Ricky Dionne Inc.

Business corporation owned by a Residential and Commercial Real Estate Broker

PMML

Real Estate Agency
PMML, Real Estate Agency

Location

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Discover Sherbrooke (Fleurimont)

Population (2016) 44,950
Population variation between 2011 and 2016 6%
Population density 949 hab/km2
Unemployment rate (2016) 7%

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property. Click here for more information.
  • Learn more about property transfer tax by clicking here.
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