Lot dimensions 1,636.11 ft² (152 m²)

Owners’ comments

Automated translation

Beautiful brick commercial building of 2 floors, advantageously located in the city center, on Principale Ouest street in Magog, in the Eastern Townships. Magog's reputation is well established when it comes to its numerous tourist attractions.

This building is relatively new, having been built in 1978.

The entire facade of the building, as well as the commercial space on the ground floor and the offices on the second floor were completely renovated in 2018.

The revitalization of downtown Magog was completed in 2019 and it is a source of pride for Magog residents and merchants.

Major projects are also under way in the city center.

The ground floor is currently occupied by a clothing store and the second floor by offices.

The floor space on the ground floor is approximately 1,074 square feet and the floor space on the second floor is approximately 1,000 square feet.

Gross revenue is currently $36,012 and expenses are relatively low as maintenance costs are generally low. The main expenses are therefore municipal taxes and insurance.

Visit for serious potential buyers only.

The sale will be made without legal warranty and at the risk and peril of the purchaser.

The asking price is $665,000.

Complete Description
Complete Description

Property features

Asking Price
$665,000
Details
With income
Number of commercial units
2
Year of construction
1978
Building dimensions
2,540.28 ft² (236 m²)
General condition
Very good
Certificate of Location
Yes
Number of parkings
2
Company
aucune
Franchise
No
Municipal evaluation's date
2020
Lot's municipal evaluation
$51,700
Building's municipal evaluation
$167,200
Annual incomes
$36,012
Taxes year
2021

Lease:

  • With Lease

Foundation:

  • Cast concrete

Frame:

  • Concrete

External facing:

  • Acrylique resin
  • Brick

Floor coverings:

  • Linoleum
  • Carpet

Roof:

  • Elastomer membrane

Windows:

  • PVC

Heating source:

  • Electric

Features:

  • Air Conditioning
  • Bathroom

Near Tourist Services:

  • National Park
  • Hotel
  • Port / Marina

Basement:

  • None

Upgrades:

  • Architecture of the facade
  • Windows
  • Floors
  • Bathrooms
  • Carpet

Parking / Driveway:

  • Asphalt

Lot description:

  • Flat geography

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Financial institution
  • Restaurant
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center

Near Educational Services:

  • Elementary school

Near Recreational Services:

  • Golf resort
  • Library
  • Ski resort
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Open concept
Storey: Main floor
Dimensions: 23' 6" x 54' 1" (7,17 m x 16,48 m)
Flooring: Linoleum
Office
Storey: 1st floor
Dimensions: 23' 6" x 54' 1" (7,17 m x 16,48 m)
Flooring: Carpet

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

Need the form?

Documents to download

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

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Contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.


Contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.


Do you want to sell commission-free, too?