Description

Very well located in downtown Sherbrooke, this 11-unit semi-commercial building offers great value creation potential. Consisting of 9 residential units and 2 commercial spaces, it presents potential gross revenues of $101,940/year in its current condition (vacant units can be renovated to maximize potential gross revenues). The 4381 sq. ft. lot is located at the corner of King O and Alexandre Street. Close to schools, daycares, shops, parks, restaurants, and hospital. WalkScore of 97, Bike Score of 85, and TransitScore of 58, with several bus lines nearby. See the detailed listing for more information!

Very well located in downtown Sherbrooke, this
semi-commercial building offers great potential for an
investor looking to optimize the numerous opportunities
this property presents. Indeed, you will find both
commercial and residential units that are currently vacant
and ready for improvements, ideal for value creation in an
area undergoing significant revitalization.

RENTAL LIST:
Unit 292A: 3500 sq. ft. rented at $2200/month,
all-inclusive.
Appt 294-2: 4½ vacant with a rental value of $750/month.
Appt 294-3: 2½ rented at $515/month, all-inclusive.
Appt 294-4: 4½ rented at $400/month, all-inclusive.
Appt 294-5: 3½ vacant with a rental value of $650/month.
Appt 294-6: 3½ vacant with a rental value of $650/month.
Appt 294-7: 3½ vacant with a rental value of $650/month.
Appt 294-8: 4½ rented at $530/month, all-inclusive.
Appt 294-9: 3½ vacant with a rental value of $650/month.
Appt 294-10: 1½ vacant with a rental value of $500/month.
Unit 298: 1500 sq. ft. vacant with a rental value of
$1000/month.

Total potential gross revenue: $101,940/year.

BUILDING:
-[Semi-commercial building with a total of 11 units,
comprising 9 apartments and 2 commercial spaces]
-[The building is brick with an elastomer membrane roof]
-[There are balconies at the back and a shared terrace with
the neighboring building]
-[The basement is unfinished with a ceiling height of 7'6"]
-[The physical condition of the units offers great
potential for value creation through strategically planned
renovations]

EQUIPMENTS:
-[Wall-mounted heat pump in the restaurant]

LAND AND COURTYARD:
-[Lot measuring approximately 4381 sq. ft.]
-[No parking available]
-[Located at the corner of King O and Alexandre Street]

NEARBY AMENITIES:
-[Downtown Sherbrooke]
-[Primary and secondary schools, cegep and university]
-[Daycares and CPEs]
-[Grocery stores and pharmacies]
-[Various shops and services]
-[Parks and golf]
-[Various restaurants]
-[Gyms and sports fields]
-[Hospital]

[WalkScore: 97]
[Bike Score: 85]
[TransitScore: 58]
[Bus lines: 2-3-7-12-14-19-55-912-913-919]

Located 1 hour 35 minutes from Montreal.
Located 2 hours 10 minutes from Quebec City.
Located 45 minutes from the US border.

NOTES TO KNOW:

- The energy expense indicated on the sheet refers to the
sum of 9 months of operation (October 2023 to June 2024).

- The complete documentation of the building is in the
process of being obtained; an adequate delay may be
necessary.

- The present sale is made without legal warranty of
quality from the seller, the buyer not waiving the legal
warranties given by previous owners and received by the
seller at the time of acquiring the property, which are
hereby transferred to the buyer.

- This does not constitute an offer or promise that could
bind the seller to the buyer but an invitation to submit
such offers or promises.