Sherbrooke Real Estate

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Real estate roundup: Sherbrooke, QC housing market overview

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CITY GUIDE
SHERBROOKE, QUEBEC

Sherbrooke is a city located in the southern part of Quebec.

Located between the Magog and St. Francis rivers, it has a population of around 200,000 people and occupies roughly 1,460 square kilometres of land.

Sherbrooke has long been known for its manufacturing prowess, but has gained recent traction as a respectable hub for knowledge-based industries and occupations within the service sector.

The majority of the employment done within Sherbrooke comes from its hospital, social services, and post-secondary institutions.

This has given rise to many jobs within the service and knowledge sector as previously mentioned in the introduction. With that said, there are still ample opportunities available within the machinery, textile, and clothing manufacturing industries.

These three sectors were responsible for much of Sherbrooke’s growth in the 20th century, and still continue to be a big staple of the city’s economic stability.

KEY FACTS:

Sherbrooke, Quebec

Sherbrooke, Quebec
  • Country: Canada

  • Province: Quebec

  • Nickname(s): "Queen of the Eastern Townships"

  • Population: 154,601

  • Area:

    Land: 353.49 km2

    Urban: 171.04 km2

    Metro: 1,459.61 km2

Entertainment and Tourism

Sherbrooke profits heavily from its extremely diverse cultural scene that attracts tourists from all over Canada year-round.

There are several historical museums to choose from that display the rich history of the city and the whole of the Province of Quebec.

Music fans will be pleased to visit the Maurice O’Bready University Cultural Center of Sherbrooke, one of the largest theatres within the province. Dance shows and music shows from many cultures are performed on a near-daily basis, with affordable tickets and accessibility to people of all ages.

With over 100 parks available within the boundaries of the city, outdoor enthusiasts can partake in walks, hikes, cycling, and outdoor recreational activities. Some of the parks are equipped with the necessary equipment for outdoor sports such as volleyball, tennis, and soccer.

Entertainment and Tourism
Neighbourhoods

Neighbourhoods

Sherbrooke is home to 6 different boroughs: Brompton, Jacques-Cartier, Mont-Bellevue, Lennoxville, Rock Forest-Saint-Elie-Deauville, and Fleurimont. Each of them come with distinct characteristics in terms of amenities and real estate that make them distinguishable from one another.

Neighbourhoods

Lennoxville

Lennoxville is home to a war memorial in recognition of Charles Lennox, who was a key figure in the American Civil War. Interestingly enough, this borough is also named after him for his many achievements as the Governor General of Canada. Of the boroughs in Sherbrooke, it tends to be the most balanced with respect to the number of English speaking and French speaking individuals present.

Jacques-Cartier

Jacques-Cartier is home to several parks and museums that provide its inhabitants with quiet, low-cost activities to pursue in their spare time. Representing a fifth of the total Sherbrooke population, there are many small-level industries and businesses here that provide ample work for its population.

Brompton tends to be the most rural area amongst the boroughs, offering outdoor activities such as parks, recreational areas, and even a golf club. Many of the city’s summer camps tend to be hosted in this borough for that very reason!

Mont Bellevue

Mont Bellevue is best known for hosting the city’s famous ski resort, which attracts many tourists during the winter due to its scenic nature and the diverse range of difficulties offered by the multiple paths that can be taken from the 333-meter high peak.

When it’s not freezing cold, other nearby available amenities include outdoor parks along with smaller mom & pop shops.

Fleurimont

Fleurimont is a giant aggregation of several multi-chain stores that include Walmart and many others. It is also host to movie theaters, golf clubs, and even a luxurious spa for those who need a relaxing day off work. There are also a surprising number of microbreweries around for those who have a refined taste for craft beer.

Rock Forest-Saint-Elie-Deauville, the sixth and final borough of Sherbrooke, is home to several small eateries for those who are on a tight budget, along with movie theatres and outdoor parks.

Real Estate Market

Something interesting to note about the homes in Lennoxville are the designs, which are largely reflective of the American and Victorian style architecture that was made famous in the 19th century. Everything from the wooden finishes on the exterior to the modelling of the interior rooms makes them extremely attractive to homebuyers that prefer this older style of housing.

In the Jacques-Cartier borough, you can expect to find a wide range of homes including semi-attached townhomes, bungalows, mansions, apartments for rental, and a few select low-rise condominiums that are under development. There is something here for everyone to suit their budget and the lifestyle that they wish to live.

Due to Brompton’s rural nature, you can expect to see several mansions, large-scale bungalows and other types of fully detached homes that take up an impressive amount of space. With parking garages for multiple cars and modern indoor renovations to all of the rooms, wealthier and upper-class individuals will relish the peace and quiet that this neighbourhood provides.

The homes that are available in Mont Bellevue are smaller townhomes and detached properties that tend to be more affordable for those who do not have the luxury of living in mansion-like homes. The houses tend to be very simple in design without any extravagant features, which can be attractive for those who are looking for a house that is straightforward and easy to maintain.

Fleurimont is mostly home to detached homes that include bungalows, and you will be hard pressed to find attached townhomes within this area. The homes tend to be average in size, having enough room for a small family with 1 or 2 children. Rock Forest-Saint-Elie-Deauville tends to boast similar features as Fleurimont, with the exception of homes that are far more modern in design and several new homes that are currently under construction and development.

  • Average Home Price: $372,467
  • Average Rent Price: $425.00 
  • Average Condo Price: $259,900
Home Style Average Price
2 storey $280,030
Bungalow $211,249

The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centers.

Education

Education

Sherbrooke is home to only two post-secondary institutions, the first of which is the Universite de Sherbrooke. It is a Francophone university that provides nationally recognized post-graduate programs in the fields of law, medicine, and business. Bishop’s University is a predominately Anglophone university that is smaller in size and caters towards undergraduate students.

With around 40 elementary schools (K-8) to choose from, parents will be delighted to see that education is taken very seriously in the city of Sherbrooke. Notable top-ranked schools for standardized testing and advancement opportunities include (but are not limited to) Sherbrooke Elementary School and Ecole Anglissimo.

Education