$1,395,000 +GST/QST
ULS: 9219152
Residential for sale - Val-des-Sources
645-647 Rue Laurier, Val-des-Sources
For real estate developers. Be part of the solution to the housing crisis with this unique real estate opportunity. Great potential for the construction of multi-residential buildings. This property offers you a diverse set of 91,723 square feet: a barn, a shed, a duplex and a single-family house, spread over 3 distinct lots. Located in Estrie, in the heart of a charming municipality in full development, 35 minutes from Victoriaville and 45 minutes from Sherbrooke.
Sale without legal warranty of quality, at the buyer's risk and peril.
Lot area
8,521.30 m²
LINE BEAURIVAGE
Real Estate Broker
RE/MAX D'ABORD INC.
MARC-ANTOINE BEAURIVAGE-LAROCHE
Residential Real Estate Broker
RE/MAX D'ABORD INC.
STEVE COUTURE
Residential Real Estate Broker
RE/MAX D'ABORD INC.
Addendum
New economic perspective:
The municipality is receptive to recadasting the lots, which currently allow multi-housing (the largest lot) and two-family dwellings (the other 2 lots).
This change in usage could allow the construction of multiple dwellings of up to 90 dwellings spread over several buildings (the asking price is therefore $15,500/door. The project offers an annual income potential of more than $1 .35M$ (90 units x 1250$month).
The buyer is encouraged to take their own steps with the municipality to develop their project.
At the heart of the 3 lots, you will find the perfect space to accommodate all residents: an intimate area bordered by an imposing cedar hedge, made up of a small orchard and mature trees of noble species. The barn, witness to the region's agricultural past, offers restoration potential to create a unique and versatile space. Steps have already been taken with an architectural firm specializing in heritage restoration.
The land, served by all municipal services, is located less than a kilometer from all services (hospital, grocery stores, SAQ, banks) and the industrial district. Backed by agricultural land, it offers a peaceful environment, ideal for a project aimed at retirees or for social housing.
The duplex is currently rented, each unit generates monthly income of $1,250 and the leases are renewable annually. The house is rented until June 2027 and brings in $5,100 per year. The seller will not provide any new certificate of location, and the sale is carried out without legal guarantee of quality, at the buyer's risk.
Contact us now for more information on this unique property and its significant growth potential.
The municipality is receptive to recadasting the lots, which currently allow multi-housing (the largest lot) and two-family dwellings (the other 2 lots).
This change in usage could allow the construction of multiple dwellings of up to 90 dwellings spread over several buildings (the asking price is therefore $15,500/door. The project offers an annual income potential of more than $1 .35M$ (90 units x 1250$month).
The buyer is encouraged to take their own steps with the municipality to develop their project.
At the heart of the 3 lots, you will find the perfect space to accommodate all residents: an intimate area bordered by an imposing cedar hedge, made up of a small orchard and mature trees of noble species. The barn, witness to the region's agricultural past, offers restoration potential to create a unique and versatile space. Steps have already been taken with an architectural firm specializing in heritage restoration.
The land, served by all municipal services, is located less than a kilometer from all services (hospital, grocery stores, SAQ, banks) and the industrial district. Backed by agricultural land, it offers a peaceful environment, ideal for a project aimed at retirees or for social housing.
The duplex is currently rented, each unit generates monthly income of $1,250 and the leases are renewable annually. The house is rented until June 2027 and brings in $5,100 per year. The seller will not provide any new certificate of location, and the sale is carried out without legal guarantee of quality, at the buyer's risk.
Contact us now for more information on this unique property and its significant growth potential.
Lot and exterior features
Lot size
276' X 332' 8"
Lot area
8,521.30 m²
Topography
Sloped, Flat
View
View of the city
Proximity
Park, Bicycle path, Daycare centre, High school, Elementary school, Golf, Hospital
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 68,400
- Building assessment
- $ 237,200
- Total
- $ 305,600
Taxes
- Municipal (2024)
- $ 4,692
- School (2023)
- $ 136
- Total
- $ 4,828
Inclusions and exclusions
Inclusions
The contents of the barn and shed as they are at the time of signing the deed of sale. As these are several antique items, the seller does not guarantee their functioning.
Exclusions
All furniture and personal items of tenants and sellers.
Mortgage payment calculator
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