17 - 19 Rue King E. , Sherbrooke (Fleurimont), QC J1G1A2

Remarks

Income building with excellent location near services. Interesting annual revenues with increase expected in 2021. Commercial first floor and 15 units on the upper floors. Concrete construction.

Commercial lease until December 2021 but the tenant does not intend to leave for the moment. Commercial represents 20% of the total area so GST/QST applicable on this portion of the price paid. Annual increase expected according to the inflation rate.

Units 2 x 2 1/2 and 13 x 3 1/2. Of the 15 units, 13 are rented with energy included (heating and electricity) and with stove/fridge included. Laundry room for the units located on the 2nd floor.

Property Summary

  • Lot Assessment: $58,900.00
  • Building Assessment: $913,600.00
  • Total Assessment: $972,500.00
  • Assessment Year: 2021
  • Municipal Tax: $18,494.00
  • School Tax: $970.00
  • Annual Tax Amount: $19,464.00 (2021)
  • Lot Frontage: 15.3 Metre
  • Lot Depth: 30.8 Metre
  • Lot Size: 471.3 Square Metres
  • No. of Parking Spaces: 7
  • Built in: 1987
  • Zoning: COMM, RESI

Building Features:

  • Driveway:
    Asphalt
  • Heating System:
    Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity
  • Foundation:
    Poured concrete
  • Washer/Dryer (installation):
    Other  - Laundry room
  • Dividing Floor:
    Concrete
  • Renovations:
    Roof covering
  • Siding:
    Brick
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Roofing:
    Other , Elastomeric membrane  - 2020

Revenue Units

  • Potential gross revenue: Residential
    $88,728.00
  • Potential gross revenue: Commercial
    $25,044.00
  • Potential gross revenue: Other
    $1,020.00
  • Potential gross revenue: Date
    04-29-2021

Expenses (annual)

  • Insurance
    $2,904.00
  • Snow removal
    $557.00
  • Electricity
    $11,834.00

Revenue Units

  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00

Lifestyle
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