$975,000+ GST-QST
289-293 Rue Alexandre
Sherbrooke (Fleurimont)
Sherbrooke (Fleurimont)
Type
Commercial building/Office
Bedrooms
N/A
Living area
5250 PC
Bathrooms
N/A
MLS® 13635894
Property description
Strategically located income property in the heart of downtown Sherbrooke, in an area undergoing revitalization. Completely restored in 2013, it offers strong commercial and residential potential with gross annual income of up to $85,000. The building includes a commercial space of approximately 1,600 sq. ft. on the ground floor, three urban loft-style apartments upstairs, and two storage spaces in the basement. Air conditioning in all rooms, integrated garage (3 parking spaces), close to services, Lac des Nations, CEGEP, and a bike path. An investment opportunity not to be missed!
Details
Taxes and expenses
| School taxes | $500 |
| Municipal Taxes | $6,233 |
| Energy cost | $2,150 |
Building and interior of the property
| Living area | 5250 SF |
| Expected delay of occupancy | 30 days |
| Items included in the sale | All the furnitures in the residential units, heat pumps |
| Dimension of the front of the building | 15.19 M |
| Dimension of the depth of building | 13.72 M |
| Land area | 3144 SF |
| Dimension of the front of the land | 15.19 M |
| Dimension of the depth of the land | 17.68 M |
| Year built | 1900 |
| Municipal assessment (land) | $116,900 |
| Municipal assessment (building) | $302,100 |
| Municipal assessment (total) | $419,000 |
| Assessment year | 2023 |
| Number of stories | 2 |
| Irregular building | Yes |
| Area of the building | 2625 SF |
| Irregular land | Yes |
| Water supply | Municipality |
| Sewage system | Municipal sewer |
| Zoning | Commercial, Residential |
Addendum
| Income property located in downtown Sherbrooke, in an area |
| undergoing economic and urban revitalization |
| - Strategic location offering excellent commercial |
| visibility |
| - Building completely renovated in 2013, representing a |
| turnkey investment |
| Current rental situation: |
| - No units are currently rented, offering complete revenue |
| optimization from the first year |
| - Total freedom for the buyer to establish their rental |
| strategy (furnished, unfurnished, owner-occupied, |
| commercial) |
| Projected income: |
| - 3 urban loft-style apartments: $1,295/month per apartment |
| - 1 commercial space on the ground floor: $2,500/month |
| - Potential gross annual income: approximately $85 200, |
| with the possibility of further optimization |
| Building layout: |
| - Commercial space of approximately 1,600 sq. ft. on the |
| ground floor, ideal for offices, retail, or professional |
| services |
| - Three urban loft-style residential units, highly sought |
| after in the rental market |
| - Two basement units offering additional income potential |
| (storage or shed) |
| Features and amenities: |
| - All units are equipped with air conditioning |
| - Two units can be rented fully furnished, including indoor |
| parking |
| - Integrated garage offering 3 indoor parking spaces |
| Commercial and business potential: |
| - Possibility of occupying the commercial space for your |
| own project or High rental potential |
| - Zoning allows for various commercial uses (to be |
| confirmed by the buyer) |
| - Excellent balance between stable residential income and |
| commercial yield |
| - Ideal opportunity for investors looking to maximize value |
| upon acquisition |
| - Close proximity to shops, services, institutions, Lac des |
| Nations, CEGEP de Sherbrooke, and a bike path |
