489 Rue De Montréal 2 Unit Apartment Building $575,000 CAD ($287,500 CAD/Unit) Sherbrooke, QC J1H 1E6

489 Rue de Montréal presents a compelling redevelopment opportunity in one of Sherbrooke's most established and active urban districts. Located along Montréal Street in the Jacques-Cartier sector, the property benefits from immediate proximity to downtown Sherbrooke, Cégep de Sherbrooke, public transit services, schools, parks, and the sought-after Vieux-Nord neighbourhood. The site is currently improved with a duplex and encompasses approximately 1,067.5 square metres of land designated for residential and commercial uses.
According to available information, the property may support the development of a residential building containing up to 12 dwelling units, subject to municipal review, permitting, and all required approvals. This potential creates an opportunity for developers and investors seeking to capitalize on the area's established residential demand, educational institutions, and walkable urban amenities. The property's frontage of approximately 21.46 metres along Montréal Street further supports visibility and accessibility for future redevelopment plans.
Sherbrooke serves as a major educational, healthcare, and commercial centre for the Estrie region, attracting students, professionals, and residents from throughout southeastern Québec. The property's location near Cégep de Sherbrooke and downtown places future residents within convenient access of employment, services, restaurants, retail offerings, and public transportation. Combined with flexible residential/commercial zoning and redevelopment potential, the site offers an opportunity to reposition an infill property within a mature neighbourhood where developable land is increasingly limited.