7 bedrooms
3 bathrooms
Lot dimensions 7 142 ft² (663.51 m²)

Owners’ comments

Automated translation

Brick triplex comprising two 5 1/2 units and a 3 1/2 dwelling very well located in the Old North of Sherbrooke near all services, parks, schools and shops. This property has an annual gross income of $25,260!

Building with excellent potential, non-smoking and no animals, occupied by excellent tenants. The building benefits from good visibility and the accommodation is easy to rent. The property has 7 parking spaces and lots of interior storage in each unit in addition to additional storage in the basement. Each unit has two entrances and the courtyard is south facing with a small sunny grass area.

Located in the heart of the city, everything is accessible on foot or by public transport. Nearby are the Argyll Pavilion, Domaine-Howard Park, the King-Jacques-Cartier corner with its many shops, Jacques-Cartier Park and its cycling network.

Basement

Partially landscaped

On one side is a renovated 3 1/2 unit in the semi-basement, currently rented $585/month. It has a 2nd independent entrance on the east side where a BBQ terrace area can be set up.

On

the other side is a large enclosed interior workshop available for the owner or to offer for rent (possibility of making an office) as well as 3 locked storage spaces for tenants and the mechanical room.

The mechanical room includes separate electrical panels for each floor, the independent electrically powered hot water heating system for each floor as well as three new top quality water heaters. The costs of heating and electricity in the basement are the responsibility of the owner: cost from 1500$ to 1800 $/year.

1st floor

Large 5 1/2 with very sunny rooms and lots of storage. The living room and the 3 bedrooms are very large and a central wardrobe adds storage to the accommodation. Hardwood bedroom floors. Veranda in the back and balcony in the front.

Currently rented $760/month.

2nd floor

Large 5 1/2 with very sunny rooms and lots of storage, housing identical to that on the 1st floor, but with cathedral ceilings. Hardwood floors in the rooms. Balcony in the front and covered balcony in the back.

Currently rented $760/month, including a discount for mowing the lawn and collecting leaves.

Proof of funds or mortgage pre-authorization required with any promise to purchase. Interior visit on promise to purchase only to respect the tranquility of the tenants.

Renovations

  • 2009: Heating system and electrical inputs
  • 2010: Full bathroom 1st floor housing
  • 2014: Full bathroom 2nd floor housing, bathroom wall fan, rear retaining wall, exterior doors, front balconies, sandblasting hardwood floors 2nd floor
  • 2016: Interior entrance doors
  • 2017: Bathroom wall fan 1st floor
  • 2021: Top quality water heaters

2013 certificate of location available. Quick possession possible.

Ideal for homeowner or investor.

Building in good condition. Sold without legal guarantee at the risk and peril of the buyer.

Complete Description
Complete Description

Property features

Asking Price
$480,000
Details
With income
Year of construction
1964
Building dimensions
1 361 ft² (126.44 m²)
General condition
Standard
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Number of parkings
7
Municipal evaluation's date
2020
Lot's municipal evaluation
$109,100
Building's municipal evaluation
$221,900
Taxes year
2021
1 Bedroom
1
3 Bedroom
2
Bedrooms (total)
7

External facing:

  • Brick

Foundation:

  • Cast concrete

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Windows:

  • Wood
  • PVC

Heating source:

  • Hot water
  • Electric

Electric system:

  • 200 amps

Features:

  • Humidifier
  • Ceiling fixtures

Kitchen:

  • Melamine wood imitation finish

Basement:

  • Partially finished
  • Potential income

Upgrades:

  • Doors
  • Bathrooms

Parking / Driveway:

  • Asphalt
  • Outside

Location:

  • Highway access
  • Near park
  • Public transportation

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Apartment 1
Storey: Main floor
Dimensions: 28' x 31' (8,53 m x 9,45 m)
Flooring: Hardwood
Apartment 2
Storey: 2nd floor
Dimensions: 28' x 31' (8,53 m x 9,45 m)
Flooring: Hardwood
Apartment 3
Storey: Basement
Dimensions: 12' x 31' (3,66 m x 9,45 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$24.29
$291.43
Municipal taxes
$360.11
$4,321.37
Heating
$130.22
$1,562.59
Insurance
$118.72
$1,424.63

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$2,105.00
$25,260.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

Need the form?

Documents to download

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

$480,000

Triplex for sale

1474 boulevard de Portland

Sherbrooke (Jacques-Cartier) Estrie

No. 985453

With income
Contact the owner
Contact the owner
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