For Sale

$589,500

524 - 532 Rue Maisonneuve , Magog, QC J1X2N5

3 Beds 1 Baths

Remarks

Prime location! Superb all-brick quintuplex in sought-after location. Within walking distance of all amenities: schools, grocery stores, pharmacies, shopping center, downtown, Lake Memphremagog and much more! 1 large 7½ (3 bedrooms + 1 sewing room or office), 2 X 3½ (one of the 3½ with 1 additional room used as laundry room) & 2 X 4½, washer-dryer installation in each unit. All leases have been renewed until June 30, 2026. Ideal location for tenants & they have access to a large 15,576 sq. ft. lot.

* It will only be possible to visit the seller's unit, 524 Maisonneuve, with 24-hour notice. All other units may be visited only after acceptance of a promise to purchase.

* The SELLER instructs the AGENCY or BROKER to inform the buyers, or the brokers representing them, that he undertakes not to respond to any promise to purchase received with respect to the IMMOVABLE before May 28, 2025 at 11:00 a.m. The seller requests an additional 24 hours if necessary.

* The present sale is made without legal warranty of quality, at the buyer's risk.

* To complete what is written in date or term of occupancy (depending on the lease), the seller undertakes to vacate his dwelling (524) by June 30, 2026 at the latest. The seller may vacate his dwelling before June 30, 2026 by simply notifying the new owner that he will be leaving the dwelling, without penalty. The unit will be fixed at $1,000 per month.

* The income indicated on the sheet is the income that will be in effect on July 1, 2025. Please note that 524 is owner-occupied and that we have set the income on the sheet at a price of $1,000 per month as explained above.

Inclusions:

Shades, light fixtures.

Exclusions:

Living and dining room lighting, curtains and rods.

Property Summary

  • Lot Assessment: $175,800.00
  • Building Assessment: $287,800.00
  • Total Assessment: $463,600.00
  • Assessment Year: 2025
  • Municipal Tax: $6,008.00
  • School Tax: $346.00
  • Annual Tax Amount: $6,354.00 (2025)
  • Lot Frontage: 35.97 Metre
  • Lot Depth: 40.23 Metre
  • Lot Size: 1447.1 Square Metres
  • Building Width: 9.16 Metre
  • Building Depth: 15.4 Metre
  • No. of Parking Spaces: 6
  • Bedrooms: 3
  • Bathrooms (Total): 1
  • Zoning: RESI

Building Features:

  • Driveway:
    Double width or more , Unpaved
  • Kitchen Cabinets:
    Wood
  • Heating System:
    Forced air , Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity
  • Windows:
    PVC
  • Foundation:
    Poured concrete
  • Dividing Floor:
    Wood
  • Proximity:
    Highway , Daycare centre , Golf , Hospital , Park , Bicycle path , Elementary school , Alpine skiing , High school , Cross-country skiing , Snowmobile trail , ATV trail
  • Siding:
    Brick
  • Floor Covering:
    Other , Flexible floor coverings , Carpet  - Prelart
  • Basement:
    6 feet and more , Outdoor entrance , Finished basement
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Window Type:
    Sliding , Guillotine
  • Roofing:
    Elastomeric membrane
  • Topography:
    Flat

Rooms

  • Kitchen:
    Level: Basement 3.71 m x 3.02 m
    Flooring: Other
  • Dining:
    Level: Basement 3.76 m x 3.23 m
    Flooring: Other
  • Living:
    Level: Basement 4.50 m x 3.58 m
    Flooring: Carpet
  • Bedroom:
    Level: Basement 3.40 m x 2.90 m
    Flooring: Carpet
  • Bathroom:
    Level: Basement 3.35 m x 1.96 m
    Flooring: Flexible floor coverings
  • Bedroom:
    Level: Basement 3.38 m x 3.23 m
    Flooring: Carpet
  • Walk-in Closet:
    Level: Basement 2.69 m x 1.22 m
    Flooring: Other
  • Sewing Room:
    Level: Basement 2.77 m x 2.03 m
    Flooring: Other
  • Bedroom - Irregular:
    Level: Basement 4.55 m x 3.58 m
    Flooring: Carpet

Revenue Units

  • Potential gross revenue: Residential
    $37,464.00
  • Potential gross revenue: Date
    07-01-2025

Expenses (annual)

  • Insurance
    $2,619.00
  • Snow removal
    $920.00
  • Electricity
    $2,369.00

Revenue Units

  • Pieces: 7 Bedrooms: 3 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
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