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Income properties for sale
1188 - 1194A, Rue Maisonneuve, Magog
$895,000
$895,000
Income properties for sale
1188 - 1194A, Rue Maisonneuve, Magog
Features
Use of property
Residential
Year built
1965
Building area (at ground level)
1,823 sqft
Lot area
11,093 sqft
Parking (total)
Driveway (6), Garage (2)
Number of units
Residential (6)
Residential units
1 x 3 ½, 5 x 4 ½
Main unit
4 rooms, 2 bedrooms, 1 bathroom
Potential gross revenue
57,084 $
Additional features
Basement 6 feet or +
Description
Magog, 6 units very well located, walking distance to grocery stores, schools, parks, shopping center & other services. Asking price is 15.7 times gross income, a rarity. In very good condition, the building includes 5 units (4½) and 1 unit (3½), washer-dryer entrance in each unit, except 1188-A (access to an exclusive room). 2 garages, 8 parking spaces. Several renovations carried out over the years: railings & balconies (2025), roof sheathing (2017 & 2022). Annual effective gross income of $57,084 with interesting optimization potential. An excellent opportunity for investors!
Centris No. 15729674
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Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2025) | |
|---|---|
| Lot | $224,900 |
| Building | $438,200 |
| Total | $663,100 |
| Taxes | |
|---|---|
| Municipal (2025) | $8,221 |
| School (2025) | $444 |
| Total | $8,665 |
| Expenses | |
|---|---|
| Electricity | $2,875 |
| Insurance | $5,136 |
| Snow removal | $1,897 |
| Lawn | $1,311 |
| Total | $11,219 |
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