MAGOG - AREA OF CHOICE. RARITY. Six-unit brick building, construction 2000, well located within walking distance of the head of Lake Memphremagog, Pointe Merry Park, pedestrian/cycling pathways and Marais de la Rivière-aux-Cerises. All services nearby, such as grocery, pharmacy, etc. as well as Main Street and its restaurants. Views towards Mount Orford and the marsh. Stable income.
In the heart of the Eastern Townships, within 1 hour and 15 min from Montreal, 25 min to Sherbrooke. The City of Magog is located on the shores of the magnificent Lake Memphremagog which spans 32 miles from Magog to Newport, Vermont. Due to its beauty, size and proximity to Montreal, Lake Memphremagog has attracted the elite of Quebec business leaders and some of the most prestigious properties in Québec are found on its shores. Magog is a cultural center full of gastronomic opportunities and social events. Its bike trails, beaches and parks, alpine/cross country skiing in and around Mount Orford National Park, make it an ideal location for young families as well as retirees.
Building details and property interior
Dimensions
48' 11" X 41'
Year constructed
2000
Window Type
Sliding
Siding
Brick
Roofing
Asphalt shingles
Kitchen Cabinets
Melamine
Basement
Outdoor entrance, 6 feet and more, Finished basement
Lot and exterior features
Lot size
90' X 150'
Lot area
1,254.20 m²
Topography
Sloped, Flat
View
View of the mountain, Other
Distinctive Features
No rear neighbours
Driveway
Unpaved
Parking (total)
Driveway (12)
Proximity
Bicycle path, Elementary school, Alpine skiing, High school, Hospital, Daycare centre, Highway, Park, Downtown Magog
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
Lot assessment
$ 169,100
Building assessment
$ 551,400
Total
$ 720,500
Taxes
Municipal
(2024)
$ 9,732
School
(2023)
$ 640
Total
$ 10,372
Annual expenses
Management/Administration
$ 505
Insurance
$ 2,603
Other
$ 90
Snow removal
$ 2,070
Maintenance
$ 822
Lawn
$ 1,380
Total
$ 7,470
Gross annual revenues (potential)
Residential
$ 50,916
Total
$ 50,916
Inclusions and exclusions
Inclusions
Lighting fixtures, shed/storage.
Exclusions
All furniture and personal effects of tenants, as well as a wall-mounted air conditioner (owned by tenant).