$1,099,000
ULS: 19999198
Quadruplex for sale - Sherbrooke (Lennoxville)
3192 - 3198 Rue College, Sherbrooke (Lennoxville)
Strategically located in Lennoxville, this revenue property dressed in brick is being offered for the first time in 35 years. Its prime location is complemented by its proximity to Bishop's University, Champlain College, University of Sherbrooke and public transportation. The property consists of 5 generously sized apartments and features many updated and improvements over the years, it will appeal to those seeking a turnkey investment property. It features many exterior parking spaces, individual entrances, and laundry facilities. An excellent opportunity not to be missed.
Sale without legal warranty of quality, at the buyer's risk and peril.
Living area
405.60 m²
Property features
3
Bedrooms
2
Bathrooms
MAXIM MESSIER
Real Estate Broker
RE/MAX D'ABORD INC.
FRANCINE POIRIER
Real Estate Broker
RE/MAX D'ABORD INC.
Addendum
3192-3198 College Street.
- Good and stable tenants for many years.
- Strategically located within walking distance from Bishop's University and Champlain College. Minutes from University of Sherbrooke.
- Steps away from Sherbrooke's public transport.
- Laundry facility in every apartment.
- Individual entrances.
- Brick all around.
- Many parking spaces.
- Low maintenance property.
The current rents are below market value, there is potential to increase rental income. Minor upgrade and changes could contribute to enhanced returns.
1.Unit 3192
7 ½ Spread on two levels. You'll find the main living areas with 3 generously-sized bedrooms and a bathroom on the main floor. The basement level offer a extra room, office area and abundance of storage. Private entrance, laundry area, parking and many more features.
- All included, $810/m.
- Potential of $1 600/m.
2.Unit 3194
5 ½ This upstairs unit offer 3 bedrooms with a private front balcony. Private entrance, laundry area, parking and many more features.
- Nothing included, $800/m. Vacant as of July 1st 2024.
- Currently advertised at $1 200/m. Nothing included.
3.Unit 3196-A
6 ½ Owner occupant apartment with high-end finishing and many updates. Elegant open concept living area with dining room, kitchen with plenty of prep space and granite countertops. The main floor offers a large master bedroom, second bedroom and hardwood floors. The basement offers a family room, extra room, and bathroom. Private entrance, laundry area, parking and many more features.
- Owner occupant, potential of $1 600/m.
4.Unit 3196-B
6 ½ Basement apartment with 4 bedrooms and 1 bathrooms. Private entrance, laundry area, parking and many more features.
- All included, $1 410/m.
5.Unit 3198
5 ½ This upstairs unit offer 3 bedrooms with a private front balcony. Private entrance, laundry area, parking and many more features.
- All included, $ 1 200/m.
-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 buyer will have to verify with authorities to obtain confirmation and compliance with the relevant zoning requirements and authorizations.
- Verifications in progress with the municipality for the main usage. Zone H1512.
H-8 (4 to 8 dwellings) with maximum of 4 dwellings.
- Visit on accepted promise to purchase only.
- Good and stable tenants for many years.
- Strategically located within walking distance from Bishop's University and Champlain College. Minutes from University of Sherbrooke.
- Steps away from Sherbrooke's public transport.
- Laundry facility in every apartment.
- Individual entrances.
- Brick all around.
- Many parking spaces.
- Low maintenance property.
The current rents are below market value, there is potential to increase rental income. Minor upgrade and changes could contribute to enhanced returns.
1.Unit 3192
7 ½ Spread on two levels. You'll find the main living areas with 3 generously-sized bedrooms and a bathroom on the main floor. The basement level offer a extra room, office area and abundance of storage. Private entrance, laundry area, parking and many more features.
- All included, $810/m.
- Potential of $1 600/m.
2.Unit 3194
5 ½ This upstairs unit offer 3 bedrooms with a private front balcony. Private entrance, laundry area, parking and many more features.
- Nothing included, $800/m. Vacant as of July 1st 2024.
- Currently advertised at $1 200/m. Nothing included.
3.Unit 3196-A
6 ½ Owner occupant apartment with high-end finishing and many updates. Elegant open concept living area with dining room, kitchen with plenty of prep space and granite countertops. The main floor offers a large master bedroom, second bedroom and hardwood floors. The basement offers a family room, extra room, and bathroom. Private entrance, laundry area, parking and many more features.
- Owner occupant, potential of $1 600/m.
4.Unit 3196-B
6 ½ Basement apartment with 4 bedrooms and 1 bathrooms. Private entrance, laundry area, parking and many more features.
- All included, $1 410/m.
5.Unit 3198
5 ½ This upstairs unit offer 3 bedrooms with a private front balcony. Private entrance, laundry area, parking and many more features.
- All included, $ 1 200/m.
-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 buyer will have to verify with authorities to obtain confirmation and compliance with the relevant zoning requirements and authorizations.
- Verifications in progress with the municipality for the main usage. Zone H1512.
H-8 (4 to 8 dwellings) with maximum of 4 dwellings.
- Visit on accepted promise to purchase only.
Building details and property interior
Dimensions
48' 1" X 44' 1"
Year constructed
1989
Living area
405.60 m²
Windows
PVC, Wood
Siding
Brick
Roofing
Asphalt shingles
Kitchen Cabinets
Melamine, Wood
Basement
6 feet and more, Outdoor entrance, Finished basement
Lot and exterior features
Lot size
92' X 110' irr.
Lot area
937 m²
Topography
Flat
Distinctive Features
No rear neighbours
Driveway
Unpaved
Parking (total)
Driveway (8)
Proximity
Daycare centre, Golf, Elementary school, High school, Public transportation, University, CEGEP, Highway
Room details
Unit 1 (Monthly residential revenue)
Living room
Level:
1st level/Ground floor
Dimensions:
18'3" X 11'3"
Flooring:
Wood
Details:
Dining room
Level:
1st level/Ground floor
Dimensions:
12'4" X 6'7"
Flooring:
Wood
Details:
Kitchen
Level:
Garden level
Dimensions:
11'3" X 7'3"
Flooring:
Wood
Details:
Bedroom
Level:
Garden level
Dimensions:
16'1" X 11'2"
Flooring:
Wood
Details:
Bedroom
Level:
Garden level
Dimensions:
13'3" X 11'3"
Flooring:
Carpet
Details:
Bathroom
Level:
Garden level
Dimensions:
7'9" X 8'3"
Flooring:
Ceramic
Details:
Family room
Level:
Basement 1
Dimensions:
17'9" X 11'4"
Flooring:
Carpet
Details:
Bedroom
Level:
Basement 1
Dimensions:
10'1" X 11'0"
Flooring:
Carpet
Details:
Bathroom
Level:
Basement 1
Dimensions:
8'0" X 4'8"
Flooring:
Ceramic
Details:
Unit 2 (Monthly residential revenue)
Rooms not detailed
Unit 3 (Monthly residential revenue)
Rooms not detailed
Unit 4 (Monthly residential revenue)
Rooms not detailed
Unit 5 (Monthly residential revenue)
Rooms not detailed
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Central vacuum cleaner system installation, Wall-mounted heat pump
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 93,700
- Building assessment
- $ 411,000
- Total
- $ 504,700
Taxes
- Municipal (2024)
- $ 7,164
- School (2023)
- $ 461
- Total
- $ 7,625
Energy expenses
- Electricity
- $ 4,420
- Total
- $ 4,420
Gross annual revenues (potential)
- Residential
- $ 69,840
- Total
- $ 69,840
Inclusions and exclusions
Inclusions
Curtains, blinds, rods, light fixtures, wall mounted air conditioning. 3196: 4 appliances and most of the furnitures. 3198: 4 appliances and some fourniture.
Exclusions
Personal belongings and furniture.
Mortgage payment calculator
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