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708 13e Av N 15 Unit Apartment Building $2,800,000 CAD ($186,667 CAD/Unit) Sherbrooke, QC J1E 2Y8
Investment Highlights
- All-brick construction delivering long-lasting structural integrity and low maintenance.
- Ample on-site parking to accommodate residents and visitors.
- Convenient location near services, shops, highways, and professional schools.
- Positioned in an established residential area with proximity to Sherbrooke’s amenities.
Executive Summary
This 15-unit brick-built apartment complex in the Fleurimont borough of Sherbrooke offers a rare opportunity for investors seeking a stabilized asset with strong upside potential. The property features 14 spacious two-bedroom units (4 1/2) and one large three-bedroom unit (5 1/2), catering to consistent rental demand in the area. Recently upgraded in 2025, the building now boasts a new roof and an advanced high-efficiency heating system complete with 15 APH Select-certified heat pumps, significantly reducing operating expenses while enhancing tenant comfort.
Located near key services, retail amenities, major roadways, and institutions such as the École professionnelle 24-Juin, the property ensures superior accessibility and caters to a high-quality tenant base. Generous on-site parking and durable all-brick construction further strengthen its long-term operational appeal. With essential capital improvements completed, this property represents a strong investment with appealing income security and future optimization opportunities.
Located near key services, retail amenities, major roadways, and institutions such as the École professionnelle 24-Juin, the property ensures superior accessibility and caters to a high-quality tenant base. Generous on-site parking and durable all-brick construction further strengthen its long-term operational appeal. With essential capital improvements completed, this property represents a strong investment with appealing income security and future optimization opportunities.
Property Facts
| Price | $2,800,000 CAD | Building Class | C |
| Price Per Unit | $186,667 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 10,260 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | IZ1915 | ||
| Price | $2,800,000 CAD |
| Price Per Unit | $186,667 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 10,260 SF |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | IZ1915 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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Équipe Glaude-Thériault Via Capitale
708 13e Av N
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