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Income properties for sale
401 - 407, Rue Papineau, Sherbrooke (Fleurimont)
$2,850,000
$2,850,000
Income properties for sale
401 - 407, Rue Papineau, Sherbrooke (Fleurimont)
Features
Use of property
Residential
Year built
1915
Lot area
8,708 sqft
Number of units
Residential (10)
Residential units
6 x 3 ½, 2 x 4 ½, 1 x 6 ½, 1 x 7 ½
Potential gross revenue
$196,860
Description
This 10-unit building, ideally located just minutes from Cégep de Sherbrooke and King East Street, stands out due to its recent notable upgrades. Significant expansion has added 6 units and converted the commercial space. The apartments, featuring generous spaces and undeniable charm, ensure an exceptional living environment. Seller open to VTB.
Centris No. 13453436
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Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2025) | |
|---|---|
| Lot | $230,500 |
| Building | $1,725,900 |
| Total | $1,956,400 |
| Taxes | |
|---|---|
| Municipal (2025) | $20,310 |
| School (2024) | $1,344 |
| Total | $21,654 |
| Expenses | |
|---|---|
| Electricity | $9,913 |
| Gas | $760 |
| Insurance | $6,436 |
| Snow removal | $402 |
| Security | $351 |
| Internet & telephony | $4,732 |
| Total | $22,594 |
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