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308 - 314 Rue des Tisserands, Magog, QC, J1X 1T3

MLS® # 14547318
Investment For Sale In Magog, Quebec
$479,000
Front of Structure - 308  - 314 Rue Des Tisserands, Magog, QC
Front of Structure - 308  - 314 Rue Des Tisserands, Magog, QC
Garage - 308  - 314 Rue Des Tisserands, Magog, QC
Overall view - 308  - 314 Rue Des Tisserands, Magog, QC
Overall view - 308  - 314 Rue Des Tisserands, Magog, QC
Living Room - 308  - 314 Rue Des Tisserands, Magog, QC
Bedroom - 308  - 314 Rue Des Tisserands, Magog, QC
Bedroom - 308  - 314 Rue Des Tisserands, Magog, QC
Bathroom - 308  - 314 Rue Des Tisserands, Magog, QC
Overall view - 308  - 314 Rue Des Tisserands, Magog, QC
Mud Room - 308  - 314 Rue Des Tisserands, Magog, QC
Aerial View - 308  - 314 Rue Des Tisserands, Magog, QC
Aerial View - 308  - 314 Rue Des Tisserands, Magog, QC
Front of Structure - 308  - 314 Rue Des Tisserands, Magog, QC
Front of Structure - 308  - 314 Rue Des Tisserands, Magog, QC
Front of Structure - 308  - 314 Rue Des Tisserands, Magog, QC
Garage - 308  - 314 Rue Des Tisserands, Magog, QC
Overall view - 308  - 314 Rue Des Tisserands, Magog, QC
Overall view - 308  - 314 Rue Des Tisserands, Magog, QC
Living Room - 308  - 314 Rue Des Tisserands, Magog, QC
Bedroom - 308  - 314 Rue Des Tisserands, Magog, QC
Bedroom - 308  - 314 Rue Des Tisserands, Magog, QC
Bathroom - 308  - 314 Rue Des Tisserands, Magog, QC
Overall view - 308  - 314 Rue Des Tisserands, Magog, QC
Mud Room - 308  - 314 Rue Des Tisserands, Magog, QC
Aerial View - 308  - 314 Rue Des Tisserands, Magog, QC
Aerial View - 308  - 314 Rue Des Tisserands, Magog, QC
Front of Structure - 308  - 314 Rue Des Tisserands, Magog, QC
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308 - 314 Rue des Tisserands, Magog, QC, J1X 1T3
$479,000

Property Information:

Four-unit income property located at 308-314 rue des Tisserands in Magog, consisting of three 3½ apartments and one 2½, plus 3 rental garages. An attractive opportunity for investors seeking a well-maintained property with multiple income streams and interesting potential for revenue optimization. Set on a lot of over 7,200 sq. ft. with parking spaces, in a peaceful area close to services, downtown, schools, the bike path, and Magog's many attractions. A promising income property with excellent long-term potential!

L'Équipe is proud to present this four-unit income property located at 308-314 rue des Tisserands in Magog, offering an attractive configuration for investors looking to acquire a well-established property in a desirable area.

The building consists of three 3½ apartments and one 2½ apartment. This four-unit configuration appeals to a diversified rental clientele while offering interesting potential for revenue optimization over time.

In addition to the residential rental income, the property includes 3 rental garages, providing an additional source of revenue. The property also features a driveway offering several parking spaces.

Set on a lot of over 7,200 sq. ft., the building enjoys an attractive location in a peaceful residential area of Magog. An elementary school and bike path are nearby, while shops, services, and downtown attractions are easily accessible.

The proximity to downtown Magog and Lake Memphremagog further enhances the appeal of this location, in a city renowned for its quality of life, recreational activities, and wide range of services.

An attractive opportunity to add a four-unit income property with 3 rental garages to your real estate portfolio, while benefiting from long-term optimization potential.

Electricity and heating are at the owner's expense.

This sale is made without legal warranty of quality, at the BUYER'S own risk and peril.

Inclusions: According to the leases in force.

Exclusions : According to the leases in force.

Building Features:

  • Style: Fourplex
  • Basement: Low (less than 6 feet), Unfinished
  • Common Walls: Detached
  • Construction Materials: Vinyl
  • Foundation Details: Stone
  • Garage: Yes
  • Heating: Electric baseboard units, Electricity
  • Lot Features: Bicycle path, Elementary school, Flat
  • Parking Features: Unpaved, Detached, Detached
  • Roof: Asphalt shingles
  • Size: 7.4 x 9.86 METRE
  • Total Finished Area: 190.1 Square Metres
  • Utilities: Water Connected, Electricity Connected, Sewer Connected
  • Water Source: Municipality
  • Window Features: PVC, Guillotine
  • Sewer: Municipality

Potential Gross Revenue:

  • Residential: $35,160
  • Parking: $5,400

Taxes:

  • Municipal Tax: $4,239
  • School Tax: $154
  • Annual Tax Amount: $4,393

Expenses:

  • Electric: $3,624

Property Assessemnt:

  • Lot Assessment: $79,800
  • Building Assessment: $163,100
  • Total Assessment: $242,900

Property Features:

  • Half Bathrooms: 0
  • Built in: 1932
  • Floor Space (approx): 190.1 Square Metres
  • Lot Depth: 31.17 Metre
  • Lot Frontage: 20.53 Metre
  • Lot Size: 671.00 Square Metres
  • Zoning: Residential
  • No. of Parking Spaces: 9
  • Number of units: 4
  • Residential units: 1 x 2, 1 x 3, 1 x 3, 1 x 3,
  • Main unit: 3 rooms, 1 beds, 1 baths

Dwelling Units:

  • Main unit 2 Rooms , 1 Bedrooms , 1 Baths
  • Unit 2 3 Rooms , 1 Bedrooms , 1 Baths
  • Unit 3 3 Rooms , 1 Bedrooms , 1 Baths
  • Unit 4 3 Rooms , 1 Bedrooms , 1 Baths

Convert Measurement to:

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Sold without legal warranty of quality, at the buyer's own risk.

Location of 308 - 314 Rue des Tisserands, Magog, QC, J1X 1T3

Demographic Information of 308 - 314 Rue des Tisserands, Magog, QC, J1X 1T3

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$70,698.61

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

34.54 %

High school certificate or equivalent

28.14 %

Apprenticeship trade certificate/diploma

20.49 %

College/non-university certificate

11.04 %

University certificate (below bachelor)

0.47 %

University Degree

5.32 %

Commuter

Travel To Work

By Car

82.66 %

By Public Transit

0.0 %

By Walking

14.2 %

By Bicycle

0.08 %

By Other Methods

3.06 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

55.06 %

Houses

44.94 %

Own Vs. Rent