$265,000
ULS: 10528523
Duplex
for sale
20 - 22 Rue Reed, Sherbrooke (Lennoxville)
Duplex in the heart of Lennoxville, within walking distance of schools, services, shops, and public transportation. Perfect for an investor or owner-occupant, this property combines a prime location with strong income potential. Both spacious and bright units are well laid out and offer great possibilities for income optimization. The flexible zoning allows for various improvement or expansion projects, depending on your needs and future plans. A rare opportunity to acquire a well-located, profitable, and versatile duplex in a highly sought-after area of Lennoxville, where demand continues to remain strong.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Living area
187.20 m²
Property features
3
Bedrooms
1
Bathroom
Addendum
Duplex offering excellent potential for optimization and the possibility of further development depending on your plans. Ideally located in a sought-after area of Lennoxville, close to schools, services, shops, and public transportation, this well-maintained property will appeal to both investors and owner-occupants alike.
The building features two spacious 5½ units, each spread over two floors, offering functional living spaces with all the necessary amenities. Both units provide great flexibility under current zoning and offer interesting possibilities for future use or improvements.
The current tenants are stable and respectful, and plan to move out in spring 2026, giving the buyer the option to occupy the property or adjust rents in the near future.
Several improvements have been made over the years, making this a low-maintenance, turnkey property. The duplex also offers ample storage, a large parking area and a pleasant private yard for tenants to enjoy.
A rare opportunity to acquire a solid, versatile, and well-located duplex in a high-demand area where growth and investment potential remain strong.
1. Unit 20 Reed
Spacious 5½ unit on two floors featuring a large kitchen, three bedrooms, a full bathroom, and access to the basement. Private entrance and parking space.
- Current rent: $1,095/month (heating, electricity, and hot water included)
- Estimated potential rent: ~$1,500/month
- Tenants have indicated their intention to vacate as of April 30, 2026
2. Unit 22 Reed
Spacious 5½ unit on two floors featuring a large kitchen, living room, three bedrooms, a full bathroom, and a laundry area. Private entrance and parking space.
- Current rent: $1,210/month (heating, electricity, and hot water included)
- Estimated potential rent: ~$1,500/month
- Two of the three tenants have indicated their intention to move out as of April 30, 2026
Total current annual revenue: $27,600
- Buyer to verify compliance, zoning and permitted uses with local authorities. Zoning: H1755
- Visits upon accepted offer only.
- This impressive home boasts nearly 2 013 square feet of living space not to mention its massive basement that extends underneath the home. Large lot of over 5 685 square feet of property.
- Located in the heart of Lennoxville, close to shops, services, Centennial Park, bike paths, St-Antoine and LES elementary schools, Alexander Galt, CEJEP Champlain and Bishop's University. Highway 410 is minutes away.
The building features two spacious 5½ units, each spread over two floors, offering functional living spaces with all the necessary amenities. Both units provide great flexibility under current zoning and offer interesting possibilities for future use or improvements.
The current tenants are stable and respectful, and plan to move out in spring 2026, giving the buyer the option to occupy the property or adjust rents in the near future.
Several improvements have been made over the years, making this a low-maintenance, turnkey property. The duplex also offers ample storage, a large parking area and a pleasant private yard for tenants to enjoy.
A rare opportunity to acquire a solid, versatile, and well-located duplex in a high-demand area where growth and investment potential remain strong.
1. Unit 20 Reed
Spacious 5½ unit on two floors featuring a large kitchen, three bedrooms, a full bathroom, and access to the basement. Private entrance and parking space.
- Current rent: $1,095/month (heating, electricity, and hot water included)
- Estimated potential rent: ~$1,500/month
- Tenants have indicated their intention to vacate as of April 30, 2026
2. Unit 22 Reed
Spacious 5½ unit on two floors featuring a large kitchen, living room, three bedrooms, a full bathroom, and a laundry area. Private entrance and parking space.
- Current rent: $1,210/month (heating, electricity, and hot water included)
- Estimated potential rent: ~$1,500/month
- Two of the three tenants have indicated their intention to move out as of April 30, 2026
Total current annual revenue: $27,600
- Buyer to verify compliance, zoning and permitted uses with local authorities. Zoning: H1755
- Visits upon accepted offer only.
- This impressive home boasts nearly 2 013 square feet of living space not to mention its massive basement that extends underneath the home. Large lot of over 5 685 square feet of property.
- Located in the heart of Lennoxville, close to shops, services, Centennial Park, bike paths, St-Antoine and LES elementary schools, Alexander Galt, CEJEP Champlain and Bishop's University. Highway 410 is minutes away.
Building details and property interior
Dimensions
50' 8" X 20' 9"
Year constructed
1920
Living area
187.20 m²
Siding
Other, Aluminum
Roofing
Sheet metal
Basement
Crawl space, Low (less than 6 feet), 6 feet and more, Unfinished
Lot and exterior features
Lot size
3' 3" X
Lot area
528.40 m²
Topography
Flat
Distinctive Features
No rear neighbours, Cul-de-sac, Enclosed
Driveway
Unpaved
Parking (total)
Driveway (4)
Proximity
Daycare centre, Golf, Park, Bicycle path, Elementary school, High school, Public transportation, University, CEGEP, Highway
Room details
Unit 1 (Monthly residential revenue)
Kitchen
Level:
1st level/Ground floor
Dimensions:
19' X 12' irr.
Flooring:
Wood
Details:
Primary bedroom
Level:
1st level/Ground floor
Dimensions:
19'2" X 9'6"
Flooring:
Carpet
Details:
Bathroom
Level:
1st level/Ground floor
Dimensions:
10'8" X 4'5" irr.
Flooring:
Flexible floor coverings
Details:
Bedroom
Level:
2nd level
Dimensions:
18'4" X 9'8" irr.
Flooring:
Flexible floor coverings
Details:
Bedroom
Level:
2nd level
Dimensions:
17'9" X 9'7" irr.
Flooring:
Flexible floor coverings
Details:
Cellar/Cold room
Level:
Basement 1
Dimensions:
22' X 19' irr.
Flooring:
Concrete
Details:
Unit 2 (Monthly residential revenue)
Living room
Level:
1st level/Ground floor
Dimensions:
12'1" X 11'3"
Flooring:
Wood
Details:
Kitchen
Level:
1st level/Ground floor
Dimensions:
19'3" X 9'7" irr.
Flooring:
Flexible floor coverings
Details:
Bedroom
Level:
1st level/Ground floor
Dimensions:
18'5" X 9'2" irr.
Flooring:
Wood
Details:
Bedroom
Level:
2nd level
Dimensions:
19'6" X 9'2" irr.
Flooring:
Carpet
Details:
Bedroom
Level:
2nd level
Dimensions:
14'6" X 7'3" irr.
Flooring:
Carpet
Details:
Bathroom
Level:
2nd level
Dimensions:
10'8" X 4'5"
Flooring:
Flexible floor coverings
Details:
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 101,800
- Building assessment
- $ 215,000
- Total
- $ 316,800
Taxes
- Municipal (2025)
- $ 3,307
- School (2025)
- $ 165
- Total
- $ 3,472
Energy expenses
- Electricity
- $ 4,144
- Total
- $ 4,144
Gross annual revenues (potential)
- Residential
- $ 27,660
- Total
- $ 27,660
Inclusions and exclusions
Inclusions
Light fixtures, appliances
Exclusions
Personal belongings and furniture of the tenants, washer and dryer.
Mortgage payment calculator
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