12 bedrooms
5 bathrooms
Lot dimensions 12 044.82 ft² (1 119 m²)

Owners’ comments

Automated translation

This building is ideal for one or more owner-occupants who want very large, comfortable and sunny homes while benefiting from significant rental income, as did the entrepreneur who built it for his family in the early 1960s.

The all-brick building was built to last as the contractors who build their homes do, and to offer comfort and generous living and storage space. With 4 very large units of 3 bedrooms measuring approximately 1.225 square feet each, with very high ceilings, spacious and sunny rooms including kitchen, living room and dining room, abundant windows offering a view of Mont-Orford to the west or the bell tower of Saint-Patrice Church to the south. Since their construction, these homes have also always been very popular because of the location of the building, which is close to everything, and its residential neighborhood.

The building also has a small loft of about 35 square meters which is under renovation and which the next owners may decide to arrange to their liking.

In addition to the indoor garage attached to the 265 Merry North unit, another 2-storey building dating from the early 1900s serves as a shed and double garage for the units located on Olive Street. There are also about 5 other outdoor parking spaces for the occupants of the building.

Located in the heart of Magog, its historic and tourist district, in the B & B area, 2 blocks from the Community Center and also from the Saint-Patrice church whose bell tower can be seen from the courtyard of the building, 300 meters from the linear park, the linear park, the hiking, biking or skating trails, and the beaches of Lake Memphrémagog, and the beaches of Lake Memphrémagog, about 500 m. from the marinas where you can rent your dock to park your speedboat or sailboat, less than 5 minutes walk from schools and daycares, and from the city center offering banks, restaurants, cafes, pharmacies and various shops, about 25 minutes by car from Bishop and Sherbrooke universities and about five minutes from Mont Orford Park, and Orford Musique concert halls, golf course, hiking trails, cross-country and downhill skiing trails, camping

.

The building is located in a residential neighborhood whose properties are well appointed and maintained and whose residents cherish tranquility and good neighborhood. The land on a slight slope facing Lake Memphrémagog is landscaped: perennial flower beds, roses and other floral shrubs and mature trees. Because of its location on the corner of Olive and Merry North streets (the most beautiful entrance in the city), access to the building is favored, while offering a private atmosphere well appreciated by the residents of the building, since the 2 entrance doors to each of the units are remote from one unit to another and are distributed over the 4 facades of the

building.

Numerous improvements and renovations have been made in recent years to reduce operating costs and improve the quality of life of occupants. A list can be provided to future owners.

The roof covering of the building was redone in the summer of 2023.

Sale without legal warranty.

Complete Description
Complete Description

Property features

Asking Price
$1,007,000
Style
Semi-detached
Details
No agents
Year of construction
1963
Building dimensions
2 841.67 ft² (264 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Number of parkings
8
3 Bedroom
1
4 Bedroom and more
3
Bedrooms (total)
12
Loft(s)
1

External facing:

  • Brick

Foundation:

  • Cast concrete

Frame:

  • Wooden dunnage

Roof:

  • Asphalt shingle
  • Elastomer membrane

Floor coverings:

  • Laminate
  • Ceramic
  • Linoleum
  • Parquet
  • Carpet

Windows:

  • Wood
  • PVC

Heating source:

  • Convectair
  • Electric

Electric system:

  • 200 amps
  • Breakers panel

Features:

  • Shed
  • Ceiling fixtures

Kitchen:

  • Wooden cabinets
  • Melamine cabinets
  • Melamine wood imitation finish
  • Dishwasher

Bathroom:

  • Bath and shower

Basement:

  • None
  • Concrete

Upgrades:

  • Addition
  • Cabinets
  • Heating
  • Kitchen
  • Electrical
  • 9ft ceilings
  • Floors
  • Plumbing
  • French doors
  • Bathrooms
  • Carpet
  • Roof
  • Landscaping

Garage:

  • Attached
  • Detached
  • Double

Car shelter:

  • Attached
  • Detached
  • Double

Parking / Driveway:

  • Asphalt
  • Outside

Location:

  • Highway access
  • Near park
  • Residential area

Lot description:

  • Water Access
  • Flat geography
  • Beach access
  • Hedged
  • Fenced
  • Corner lot
  • Patio/deck
  • Landscaped

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College
  • University

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Library
  • Museum
  • ATV trails
  • Ski resort
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bedroom 1 (Primary)
Storey: Main floor
Dimensions: 12' x 13' (3,66 m x 3,96 m)
Flooring: Laminate
Bedroom 2
Storey: Main floor
Dimensions: 12' x 11' (3,66 m x 3,35 m)
Flooring: Bamboo
Bedroom 3
Storey: Main floor
Dimensions: 9' x 10' (2,74 m x 3,05 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$25.07
$300.81
Municipal taxes
$458.47
$5,501.64
Electricity
$44.86
$538.26
Maintenance fees
$166.67
$2,000.00
Insurance
$183.33
$2,200.00

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.

$1,007,000

Quadruplex for sale

720-740, rue Olive + 265 rue Merry Nord Magog Estrie

No. 1007366

No agents
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.