489 Rue De Montréal - Apartments FOR SALE


Sherbrooke, QC J1H 1E6
$575,000 CAD
819-820-8363

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$575,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

489 Rue De Montréal
Sherbrooke, QC J1H 1E6


HIGHLIGHTS

  • Redevelopment opportunity in Sherbrooke's Jacques-Cartier district.
  • Located near downtown Sherbrooke and Cégep de Sherbrooke.
  • Residential/commercial zoning supports multiple future uses.
  • Potential for residential development of up to 12 units, subject to approvals.

OVERVIEW

489 Rue de Montréal presents a compelling redevelopment opportunity in one of Sherbrooke's most established and active urban districts. Located along Montréal Street in the Jacques-Cartier sector, the property benefits from immediate proximity to downtown Sherbrooke, Cégep de Sherbrooke, public transit services, schools, parks, and the sought-after Vieux-Nord neighbourhood. The site is currently improved with a duplex and encompasses approximately 1,067.5 square metres of land designated for residential and commercial uses. According to available information, the property may support the development of a residential building containing up to 12 dwelling units, subject to municipal review, permitting, and all required approvals. This potential creates an opportunity for developers and investors seeking to capitalize on the area's established residential demand, educational institutions, and walkable urban amenities. The property's frontage of approximately 21.46 metres along Montréal Street further supports visibility and accessibility for future redevelopment plans. Sherbrooke serves as a major educational, healthcare, and commercial centre for the Estrie region, attracting students, professionals, and residents from throughout southeastern Québec. The property's location near Cégep de Sherbrooke and downtown places future residents within convenient access of employment, services, restaurants, retail offerings, and public transportation. Combined with flexible residential/commercial zoning and redevelopment potential, the site offers an opportunity to reposition an infill property within a mature neighbourhood where developable land is increasingly limited.

FOR SALE DETAILS

PRICE

$575,000 CAD

PRICE/SF

$222 CAD /SF

# OF UNITS

2

PRICE/UNIT

$287,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

7

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.