For Sale

$599,000

438 - 446 Rue Principale E. , Magog, QC J1X1Y1

2 Beds 1 Baths

Remarks

Very good income! Located in downtown Magog, these two duplexes are built on a 6,500 sq. ft lot with 6 parking spaces. Three 4.5 units and one 5.5 unit, most of wich have been recently renovated! Close to an elementary school, bike path and within walking distance to the attractions of rue Principale and Pointe Merry. The 5.5 could be available for owner-occupant quickly (unit 440).

*Unit 438 is rented for $550 per month including heating and electricity, from July 1st 2023, the new lease says it will be renovated at $775 per month nothing included.
*Actual rentals are monthly, but tenants are open to sign longer term deals.

Inclusions:

All the furniture and appliances (cooker, refrigerator, washer, dryer, microwave), bed linen and kitchenware for units 440, 444 and 446.

Exclusions:

Personal effects of the tenants.

Property Summary

  • Lot Assessment: $30,700.00
  • Building Assessment: $207,600.00
  • Total Assessment: $238,300.00
  • Assessment Year: 2023
  • Municipal Tax: $4,410.00
  • School Tax: $192.00
  • Annual Tax Amount: $4,602.00 (2023)
  • Lot Frontage: 20.12 Metre
  • Lot Depth: 30.13 Metre
  • Lot Size: 605.2 Square Metres
  • Building Width: 9.76 Metre
  • No. of Parking Spaces: 6
  • Built in: 1915
  • Bedrooms: 2
  • Bathrooms (Total): 1
  • Zoning: RESI

Building Features:

  • Heating System:
    Electric baseboard units
  • Water Supply:
    Municipality
  • Windows:
    PVC
  • Proximity:
    Highway , Hospital , Bicycle path , Elementary school
  • Floor Covering:
    Ceramic , Laminate floor
  • Basement:
    Crawl space
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Roofing:
    Elastomeric membrane

Revenue Units

  • Potential gross revenue: Residential
    $60,600.00
  • Potential gross revenue: Date
    03-16-2023

Revenue Units

  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 5 Bedrooms: 3 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • 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

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

250 Rue Principale Ouest
Magog,  QC J1X2A5

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