For Sale

$345,000

206 - 208 Rue St-David , Magog, QC J1X2Z8

2 Beds 1 Baths

Remarks

Excellent investment opportunity in Magog! Discover this well-maintained duplex located near schools, downtown, Lake Memphremagog, parks, and major highways. The property includes two 4½-room units, each with a separate washer/dryer entrance. The ground floor is rented at $675/month and the second floor at $725/month, with no utilities included. 5,694 sq. ft. lot, garage and attached shed (separate from the garage). With effective gross annual income of $16,800, this building represents an excellent investment opportunity in a high-demand area, combining profitability and strategic location.

* 17 x 28-foot garage including a 4 x 8-foot storage space.

* As agreed with the seller, visits will only take place following an accepted offer to purchase.

* The lease for the ground floor apartment is valid until June 30, 2028. In accordance with the terms of the lease, the rent will increase by $25/year: as of July 2026, the rent will be $700/month, and as of July 2027, it will be $725/month.

* The windows have been replaced except for those in the basement.

Property Summary

  • Lot Assessment: $68,800.00
  • Building Assessment: $175,500.00
  • Total Assessment: $244,300.00
  • Assessment Year: 2025
  • Municipal Tax: $2,698.00
  • School Tax: $133.00
  • Annual Tax Amount: $2,831.00 (2025)
  • Lot Frontage: 20.42 Metre
  • Lot Depth: 25.91 Metre
  • Lot Size: 529.1 Square Metres
  • Building Width: 8.75 Metre
  • Building Depth: 9.38 Metre
  • No. of Parking Spaces: 4
  • Built in: 1936
  • Bedrooms: 2
  • Bathrooms (Total): 1
  • Zoning: RESI

Building Features:

  • Driveway:
    Double width or more , Unpaved
  • Kitchen Cabinets:
    Melamine
  • Heating System:
    Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity
  • Windows:
    PVC
  • Foundation:
    Poured concrete
  • Garage:
    Detached , Single width
  • Washer/Dryer (installation):
    Other , Bathroom
  • Distinctive Features:
    Street corner
  • Proximity:
    Daycare centre , Hospital , Park , Bicycle path , Elementary school , Alpine skiing , High school , Commuter train
  • Siding:
    Aluminum
  • Floor Covering:
    Wood , Ceramic , Parquetry , Laminate floor , Tiles
  • Bathroom:
    Separate shower
  • Basement:
    Low (less than 6 feet) , Unfinished
  • Parking:
    Driveway , Garage
  • Sewage System:
    Municipality
  • Window Type:
    Guillotine , Casement
  • Roofing:
    Elastomeric membrane
  • Topography:
    Flat

Revenue Units

  • Potential gross revenue: Residential
    $16,800.00
  • Potential gross revenue: Date
    11-03-2025

Expenses (annual)

  • Insurance
    $1,581.00
  • Snow removal
    $491.00
  • Lawn
    $724.00

Revenue Units

  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
Lifestyle
Neighbourhood Info
Réseau Longpré Lamirande

Réseau Longpré Lamirande

Phone:  819.868.5000

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Royal LePage Au Sommet, Real Estate Agency (Independently owned and operated)

250 Rue Principale Ouest
Magog,  QC J1X2A5

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