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Income properties for sale
535, Rue Papineau, Sherbrooke (Fleurimont)
$3,700,000
$3,700,000
Income properties for sale
535, Rue Papineau, Sherbrooke (Fleurimont)
Features
Use of property
Residential
Year built
1964
Building area (at ground level)
5,731 sqft
Living area
15,687 sqft
Lot area
25,689 sqft
Number of units
Residential (30)
Residential units
6 x 1 ½, 18 x 2 ½, 6 x 4 ½
Potential gross revenue
$279,816
Description
30-unit apartment building located in a sought-after area with strong rental demand, near Cégep de Sherbrooke. Includes 18 x 2½, 6 x 4½, and 6 x 1½ units. Several units have been renovated, with rigorous maintenance and good management over the years. Excellent investment opportunity offering stability and growth potential.
Centris No. 21312979
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Financial details
| Municipal assessment (2025) | |
|---|---|
| Lot | $206,700 |
| Building | $2,175,300 |
| Total | $2,382,000 |
| Taxes | |
|---|---|
| Municipal (2025) | $32,185 |
| School (2025) | $1,557 |
| Total | $33,742 |
| Expenses | |
|---|---|
| Electricity | $15,607 |
| Gas | $3,446 |
| Insurance | $17,771 |
| Internet | $5,622 |
| Total | $42,446 |
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