$1,529,000
New
ULS: 9099559
5-6-7-Plex
for sale
266 - 274 Rue Gillespie, Sherbrooke (Les Nations) (Mont-Bellevue)
EXCELLENT INVESTMENT OPPORTUNITY!Beautiful 6-unit residential building constructed in 2014, located at 266-274 Gillespie Street in Sherbrooke, close to all services and amenities. Well-maintained, turnkey property featuring two spacious 6½ apartments and four 4½ apartments. Quality tenants and potential gross annual income of **$100,380**. One vacant unit offering an excellent opportunity for rental optimization or occupancy. GRM of 15.23. Sold with legal warranty of quality! A great opportunity for investors seeking a recent, income-generating property!
Addendum
Beautiful 6-unit residential building constructed in 2014, located at 266-274 Gillespie Street in Sherbrooke. An excellent investment opportunity offering attractive rental income, quality tenants, and a well-maintained, turnkey property conveniently located near services and amenities.
The building features two spacious 6½-room apartments, each with two bathrooms, as well as four 4½-room apartments.
**MONTHLY RENTAL INCOME**
- 266-1: 6½ -- $1,880/month
- 266-2: 6½ -- $1,885/month
- 268: 4½ -- Vacant -- Estimated rental value of $1,150/month
- 270: 4½ -- $1,150/month
- 272: 4½ -- $1,100/month
- 274: 4½ -- $1,200/month
**Asking Price: $1,529,000**
**Potential Annual Gross Rental Income: $100,380**
**Gross Revenue Multiplier (GRM): 15.23**
**ANNUAL EXPENSES**
- Municipal Taxes: $7,544.88
- School Taxes: $689.74
- Water Taxes: $1,150.20
- Residential Wastewater Treatment Taxes: $1,527.60
- Insurance: $2,196.35
- Electricity: $1,607.11
- Internet: $1,144.44
- Snow Removal: $972.64
**Total Listed Expenses: $16,833.96/year**
**PROPERTY HIGHLIGHTS**
Recent 2014 construction, six residential units, attractive rental income, spacious apartments, parking spaces, and a convenient location close to services. The vacant unit also represents a great opportunity for a new investor to select their own tenant.
**The property is sold with the legal warranty of quality.**
An opportunity worth considering for any investor seeking a recently built multi-unit property offering stable rental income.
The building features two spacious 6½-room apartments, each with two bathrooms, as well as four 4½-room apartments.
**MONTHLY RENTAL INCOME**
- 266-1: 6½ -- $1,880/month
- 266-2: 6½ -- $1,885/month
- 268: 4½ -- Vacant -- Estimated rental value of $1,150/month
- 270: 4½ -- $1,150/month
- 272: 4½ -- $1,100/month
- 274: 4½ -- $1,200/month
**Asking Price: $1,529,000**
**Potential Annual Gross Rental Income: $100,380**
**Gross Revenue Multiplier (GRM): 15.23**
**ANNUAL EXPENSES**
- Municipal Taxes: $7,544.88
- School Taxes: $689.74
- Water Taxes: $1,150.20
- Residential Wastewater Treatment Taxes: $1,527.60
- Insurance: $2,196.35
- Electricity: $1,607.11
- Internet: $1,144.44
- Snow Removal: $972.64
**Total Listed Expenses: $16,833.96/year**
**PROPERTY HIGHLIGHTS**
Recent 2014 construction, six residential units, attractive rental income, spacious apartments, parking spaces, and a convenient location close to services. The vacant unit also represents a great opportunity for a new investor to select their own tenant.
**The property is sold with the legal warranty of quality.**
An opportunity worth considering for any investor seeking a recently built multi-unit property offering stable rental income.
Building details and property interior
Year constructed
2014
Windows
PVC
Lot and exterior features
Lot size
15' 5" X 36'
Lot area
558.20 m²
Proximity
Highway, CEGEP, Daycare centre, Hospital, Park, Elementary school, High school, Public transportation, University
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 223,300
- Building assessment
- $ 674,900
- Total
- $ 898,200
Taxes
- Other (2026)
- $ 1,527
- Water (2026)
- $ 1,150
- Municipal (2026)
- $ 7,544
- School (2026)
- $ 689
- Total
- $ 10,910
Annual expenses
- Insurance
- $ 2,196
- Snow removal
- $ 972
- Total
- $ 3,168
Energy expenses
- Other
- $ 1,144
- Electricity
- $ 1,607
- Total
- $ 2,751
Gross annual revenues (potential)
- Residential
- $ 100,380
- Total
- $ 100,380
Inclusions and exclusions
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.