401-407 Rue Papineau - Apartments FOR SALE


Sherbrooke, QC J1E 1X4- East District
$2,850,000 CAD
514-360-3603
401-407 Rue Papineau, Sherbrooke, QC for Sale
$2,850,000 CAD
Apartments - FOR SALE
1/1
null | 4.6% Cap Rate

401-407 Rue Papineau
Sherbrooke, QC J1E 1X4
East District


HIGHLIGHTS

  • Close to Sherbrooke College
  • Conversion of the initial 2nd floor commercial space into residential.
  • Building strategically located near Sherbrooke College.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,850,000 CAD

PRICE/SF

$1,425 CAD /SF

# OF UNITS

9

PRICE/UNIT

$316,667

CAP RATE

4.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,052 SF

ZONING

-

APN/PARCEL ID

1330225

ASK ABOUT THIS PROPERTY

514-360-3603

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514-360-3603

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