Photo Main Photo of the property
$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.

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.
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 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

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
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

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.

Desjardins

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