Property Information:
Unique investor opportunity in the heart of downtown Sherbrooke! This 15-unit building, with an adjoining vacant lot, is located on an exceptional site offering highly attractive development potential. The building has undergone major renovations, guaranteeing impeccable condition. Its distinctive character, with carefully preserved period woodwork, reflects meticulous and rigorous maintenance. Exceptionally well maintained, this building represents a rare opportunity on the real estate market. Opportunity to be seized quickly!
- The vacant land and the apartment building are to be sold together.
- Visits to the building are under accepted promise to purchase.
- The sale of vacant lot 1 030 374 is subject to GST and QST.
- The building is located in a zone subject to PIIA (class 3 heritage area).
- There may be slight water infiltration in the basement during periods of exceptional rainfall. (No damage caused).
- There is a Bell line buried on the lot line of both cadastres, and there is no servitude declared to this effect.
- Dwelling #16 (basement) is currently annexed to the owner's dwelling (23-1). It could easily be redivided.
- Potential gross income includes rental values for the owner's dwelling (23-1) and the attached dwelling #16.
- Municipal taxes for the adjacent lot amount to $2498.54 for the year 2024.
- School taxes for the adjacent lot amount to $87.95 for the year 2024-2025.
- An additional income is generated by parking space rental agreements on the vacant lot. Income is approximately $6,000 per year.
The boundaries shown in the photos are approximate and for guidance only.
Inclusions: According to the leases.
Exclusions : According to the leases and personnal belongings of owner.
Building Features:
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Basement:
Finished basement
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Bathroom:
Ensuite bathroom
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Driveway:
Unpaved
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Fireplace-Stove:
Gas fireplace
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Foundation:
Stone
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Lot:
Fenced, Landscaped
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Proximity:
CEGEP, Daycare centre, Park, Bicycle path, Elementary school, High school, Public transportation
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Roofing:
Elastomeric membrane
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Siding:
Brick
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Size:
84.3 x 72.9 Feet
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Window Type:
Guillotine
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Heating System:
Hot water
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Water Supply:
Municipality
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Sewage System:
Municipality
Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.
Sold without legal warranty of quality, at the buyer's own risk.