Benefits offered by this property
Solid triplex all brick and well maintained by its owner, located on a very quiet street in the coveted Old North of Sherbrooke.
The rooms of the apartments are of good dimensions and benefit from a beautiful luminosity. The rear portion of the basement is clear: garden level. Hot water and heating are at the owner’s expense, while electricity (lighting) is at the tenants’ expense. The heating is provided by a central electric system of hot water baseboards.
Unit #1 occupies the ground floor and part of the basement. The basement is fully finished and has a separate entrance. The large living room on the ground floor has a wood burning fireplace and the unit offers 4 bedrooms and 2 bathrooms. It rents for $900 per month. The rent is reduced because the current tenant (former owner of the building) manages and maintains the building.
Unit #2 is on the 2nd floor. The large living room has a wood burning fireplace and the unit has 3 bedrooms and a bathroom. It rents for $861 per month.
Unit #3 occupies a portion of the basement. It offers 1 bedroom and 1 bathroom. It rents for $530 per month.
The rents have not been increased since 2017. Therefore, they are below market: strong potential to increase revenues. Current annual revenue is $27,492.
The roof coating was replaced in 2016 and the two 40 gallon hot water tanks were replaced in 2019.
The backyard accommodates a 12′ x 10′ shed, 4 parking spaces as well as a sitting area.