Income properties for sale
292 - 298, Rue King Ouest, Sherbrooke (Les Nations), Neighbourhood Jacques-Cartier
$1,199,000
+GST/QST
$1,199,000 +GST/QST
Income properties for sale
292 - 298, Rue King Ouest, Sherbrooke (Les Nations), Neighbourhood Jacques-Cartier
Features
Use of property
Residential, Commercial
Year built
1910
Lot area
4,382 sqft
Number of units
Residential (9), Commercial (2)
Residential units
1 x 1 ½, 1 x 2 ½, 4 x 3 ½, 3 x 4 ½
Potential gross revenue
$101,940
Additional features
Basement 6 feet or +
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!
Centris No. 10212281
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $122,100 |
| Building | $627,200 |
| Total | $749,300 |
| Taxes | |
|---|---|
| Municipal (2024) | $16,064 |
| School (2023) | $666 |
| Total | $16,730 |
| Expenses | |
|---|---|
| Electricity | $6,200 |
| Oil | $6,990 |
| Insurance | $8,662 |
| Total | $21,852 |
See all financial details