401-407 Rue Papineau | Sherbrooke, QC J1E 1X4
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401-407 Rue Papineau
Sherbrooke, QC J1E 1X4
Multifamily Property For Sale · 9 Units
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Investment Highlights
- Close to Sherbrooke College
- Building strategically located near Sherbrooke College.
- Conversion of the initial 2nd floor commercial space into residential.
Executive Summary
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.
PROPERTY FACTS
| Price Per Unit | $227,244 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.53% | Building Size | 2,000 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 7.5/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $227,244 USD |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,000 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 7.5/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 1 | - | - |
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