Property Information:
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.
Building Features:
-
Style:
Duplex
-
Basement:
Low (less than 6 feet), Unfinished
-
Bathroom:
Separate shower
-
Distinctive Features:
Street corner
-
Driveway:
Double width or more, Unpaved
-
Floor Covering:
Wood, Ceramic, Parquetry, Laminate floor, Tiles
-
Foundation:
Poured concrete
-
Garage:
Detached, Single width
-
Kitchen Cabinets:
Melamine
-
Parking:
Driveway, Garage
-
Proximity:
Daycare centre, Hospital, Park, Bicycle path, Elementary school, Alpine skiing, High school, Commuter train
-
Roofing:
Elastomeric membrane
-
Siding:
Aluminum
-
Size:
8.75 x 9.38 METRE
-
Topography:
Flat
-
Washer/Dryer (installation):
Other, Bathroom
-
Window Type:
Guillotine, Casement
-
Windows:
PVC
-
Heating System:
Electric baseboard units
-
Heating Energy:
Electricity
-
Water Supply:
Municipality
-
Sewage System:
Municipality
