$975,000 +GST/QST
ULS: 13635894
Commercial
for sale
289 - 293 Rue Alexandre, Sherbrooke (Fleurimont)
Strategically located income property in the heart of downtown Sherbrooke, in an area undergoing revitalization. Completely restored in 2013, it offers strong commercial and residential potential with gross annual income of up to $85,000. The building includes a commercial space of approximately 1,600 sq. ft. on the ground floor, three urban loft-style apartments upstairs, and two storage spaces in the basement. Air conditioning in all rooms, integrated garage (3 parking spaces), close to services, Lac des Nations, CEGEP, and a bike path. An investment opportunity not to be missed!
Sale with exclusion(s) of legal warranty - See listing broker(s)
Lot area
3,144 ft²
STEPHAN CASSELMAN
Residential Real Estate Broker
Addendum
Income property located in downtown Sherbrooke, in an area undergoing economic and urban revitalization
- Strategic location offering excellent commercial visibility
- Building completely renovated in 2013, representing a turnkey investment
Current rental situation:
- No units are currently rented, offering complete revenue optimization from the first year
- Total freedom for the buyer to establish their rental strategy (furnished, unfurnished, owner-occupied, commercial)
Projected income:
- 3 urban loft-style apartments: $1,295/month per apartment
- 1 commercial space on the ground floor: $2,500/month
- Potential gross annual income: approximately $85 200, with the possibility of further optimization
Building layout:
- Commercial space of approximately 1,600 sq. ft. on the ground floor, ideal for offices, retail, or professional services
- Three urban loft-style residential units, highly sought after in the rental market
- Two basement units offering additional income potential (storage or shed)
Features and amenities:
- All units are equipped with air conditioning
- Two units can be rented fully furnished, including indoor parking
- Integrated garage offering 3 indoor parking spaces
Commercial and business potential:
- Possibility of occupying the commercial space for your own project or High rental potential
- Zoning allows for various commercial uses (to be confirmed by the buyer)
- Excellent balance between stable residential income and commercial yield
- Ideal opportunity for investors looking to maximize value upon acquisition
- Close proximity to shops, services, institutions, Lac des Nations, CEGEP de Sherbrooke, and a bike path
- Strategic location offering excellent commercial visibility
- Building completely renovated in 2013, representing a turnkey investment
Current rental situation:
- No units are currently rented, offering complete revenue optimization from the first year
- Total freedom for the buyer to establish their rental strategy (furnished, unfurnished, owner-occupied, commercial)
Projected income:
- 3 urban loft-style apartments: $1,295/month per apartment
- 1 commercial space on the ground floor: $2,500/month
- Potential gross annual income: approximately $85 200, with the possibility of further optimization
Building layout:
- Commercial space of approximately 1,600 sq. ft. on the ground floor, ideal for offices, retail, or professional services
- Three urban loft-style residential units, highly sought after in the rental market
- Two basement units offering additional income potential (storage or shed)
Features and amenities:
- All units are equipped with air conditioning
- Two units can be rented fully furnished, including indoor parking
- Integrated garage offering 3 indoor parking spaces
Commercial and business potential:
- Possibility of occupying the commercial space for your own project or High rental potential
- Zoning allows for various commercial uses (to be confirmed by the buyer)
- Excellent balance between stable residential income and commercial yield
- Ideal opportunity for investors looking to maximize value upon acquisition
- Close proximity to shops, services, institutions, Lac des Nations, CEGEP de Sherbrooke, and a bike path
Building details and property interior
Dimensions
49' 10" X 45' irr.
Year constructed
1900
Living area
5,250 ft²
Lot and exterior features
Lot size
49' 10" X 58' irr.
Lot area
3,144 ft²
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 116,900
- Building assessment
- $ 302,100
- Total
- $ 419,000
Taxes
- Municipal (2025)
- $ 6,233
- School (2025)
- $ 500
- Total
- $ 6,733
Energy expenses
- Electricity
- $ 2,150
- Total
- $ 2,150
Inclusions and exclusions
Inclusions
All the furnitures in the residential units, heat pumps
Mortgage payment calculator
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