708 Av 13E N - Apartments FOR SALE


Sherbrooke, QC J1E 2Y8
$2,800,000 CAD
819-563-3000

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$2,800,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

708 Av 13E N
Sherbrooke, QC J1E 2Y8


HIGHLIGHTS

  • All-brick construction delivering long-lasting structural integrity and low maintenance.
  • Convenient location near services, shops, highways, and professional schools.
  • Ample on-site parking to accommodate residents and visitors.
  • Positioned in an established residential area with proximity to Sherbrooke’s amenities.

OVERVIEW

This 15-unit brick-built apartment complex in the Fleurimont borough of Sherbrooke offers a rare opportunity for investors seeking a stabilized asset with strong upside potential. The property features 14 spacious two-bedroom units (4 1/2) and one large three-bedroom unit (5 1/2), catering to consistent rental demand in the area. Recently upgraded in 2025, the building now boasts a new roof and an advanced high-efficiency heating system complete with 15 APH Select-certified heat pumps, significantly reducing operating expenses while enhancing tenant comfort. Located near key services, retail amenities, major roadways, and institutions such as the École professionnelle 24-Juin, the property ensures superior accessibility and caters to a high-quality tenant base. Generous on-site parking and durable all-brick construction further strengthen its long-term operational appeal. With essential capital improvements completed, this property represents a strong investment with appealing income security and future optimization opportunities.

FOR SALE DETAILS

PRICE

$2,800,000 CAD

PRICE/SF

$273 CAD /SF

# OF UNITS

15

PRICE/UNIT

$186,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,470 SF

ZONING

IZ1915

APN/PARCEL ID

1331111

ASK ABOUT THIS PROPERTY

Dominic GlaudeÉquipe Glaude-Thériault Via CapitaleMore Info
819-563-3000

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Dominic GlaudeÉquipe Glaude-Thériault Via CapitaleMore Info
819-563-3000

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