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Income properties for sale
281 - 287, Rue King Ouest, Sherbrooke (Les Nations)
$2,299,000
+GST/QST
$2,299,000 +GST/QST
Income properties for sale
281 - 287, Rue King Ouest, Sherbrooke (Les Nations)
Features
Use of property
Residential, Commercial
Year built
1903
Available commercial area
From 705 sqft to 5,605 sqft
Lot area
8,175 sqft
Number of units
Residential (18), Commercial (3)
Residential units
4 x 1 ½, 3 x 2 ½, 10 x 3 ½, 1 x 4 ½
Potential gross revenue
242,184 $
Description
This semi-commercial building is ideally located in downtown Sherbrooke at the corner of King O and Peel Streets. It consists of 18 apartments and 3 fully leased commercial spaces. The building has undergone major renovations. It is possible to add apartments on the 4th floor; check with the city. Attractive mortgage assumption! Must be sold with the neighboring building at 289-305 King O.
Centris No. 25339101
Need more details?
Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2023) | |
|---|---|
| Lot | $493,700 |
| Building | $1,079,600 |
| Total | $1,573,300 |
| Taxes | |
|---|---|
| Municipal (2025) | $28,501 |
| School (2024) | $1,032 |
| Total | $29,533 |
| Expenses | |
|---|---|
| Electricity | $19,997 |
| Insurance | $23,546 |
| Snow removal | $2,626 |
| Total | $46,169 |
See all financial details
