Property Information:
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.
30-unit building located in a popular and rental-friendly area, close to Cégep de Sherbrooke and several essential services. The building includes 18 x 2½, 6 x 4½, and 6 x 1½ units. Several units have been renovated over the years, and the property has always been well maintained and rigorously managed. This investment offers excellent potential for stability and optimization.
The building is eligible for advantageous CMHC financing options, representing a great opportunity for an investor looking for a high-performing, sustainable asset. There is still room for optimization to increase the building's yield and value in the medium term.
Heating is provided by a dual-energy system (natural gas and electricity), contributing to efficient energy management. A coin-operated laundry room in the basement generates significant additional income for tenants and the owner.
An energy efficiency report has been prepared by the seller and is available on file. In addition, a Phase 2 environmental study was conducted in 2020 by the seller and is also available.
Several renovations and improvements have been carried out over the years, including:
* Replacement of hallway carpeting;
* Replacement of apartment entrance doors;
* Renovation of several residential units;
* Regular general and preventive maintenance.
According to information from a previous sales listing (to be validated by the buyer):
* Roof replaced in 2013;
* Dual-energy heating system installed in 2010;
* Facade windows replaced in 2008;
* Exterior of the chimney redone in 2014.
Energy costs will need to be updated during the transaction.
This building represents a unique opportunity to acquire a well-located, carefully maintained asset with excellent potential for improvement. Ideal for an investor looking to combine yield, stability, and growth opportunities in a strong rental market.
Inclusions: According to leases.
Exclusions : According to leases.
Building Features:
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Building amenity and common areas:
Laundry room
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Roofing:
Elastomeric membrane
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Siding:
Brick
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Size:
59.03 x 9.02 METRE
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Heating Energy:
Dual energy, Electricity, Natural gas
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Water Supply:
Municipality
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Sewage System:
Municipality
