338 Rue Brooks - Apartments FOR SALE


Sherbrooke, QC J1H 4Y3
$1,075,000 CAD
819-820-8363
338 Rue Brooks, Sherbrooke, QC for Sale
$1,075,000 CAD
Apartments - FOR SALE
1/16
null | Request Cap Rate

338 Rue Brooks
Sherbrooke, QC J1H 4Y3


HIGHLIGHTS

  • 8-unit multifamily building comprised entirely of practical 3½ units, each with private entrance.
  • In-unit laundry connections in all apartments, a feature highly valued by tenants.
  • Strategically located in a cul-de-sac just steps from Sherbrooke’s downtown core.

OVERVIEW

This 8-unit multifamily property is located on rue Brooks in Sherbrooke's Les Nations district, offering a rare investment opportunity in a dynamic rental market. Perfectly positioned in a cul-de-sac just steps from downtown Sherbrooke, the asset combines strong location fundamentals with practical tenant features that drive appeal and occupancy. The property consists exclusively of 3½ apartments, each unit equipped with independent entrances and washer-dryer installations. This sought-after configuration enhances tenant satisfaction and reduces turnover, while providing long-term operational stability. Off-street parking for residents and easy access to public transit, schools, and local amenities further increase its rental security. Built on a 5,225 sq. ft. lot, the three-story building has been strategically maintained, with multiple renovations carried out in recent years to preserve value and renew appeal. Current gross annual income potential stands at $83,292, with upside available through unit turnover and market rent adjustments over time. Heating and electricity expenses are tenant-borne, with the owner covering internet and select services in certain units, maximizing net operating income. For investors seeking steady cash flow and future appreciation in one of Sherbrooke’s most connected neighborhoods, this property presents a noteworthy addition to any multifamily portfolio.

FOR SALE DETAILS

PRICE

$1,075,000 CAD

PRICE/SF

$277 CAD /SF

# OF UNITS

8

PRICE/UNIT

$134,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jean-Francois BérubéRoyal LePage Evolution EBMore Info
819-820-8363

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Jean-Francois BérubéRoyal LePage Evolution EBMore Info
819-820-8363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.