720-740, rue Olive + 265 rue Merry Nord, Magog for sale
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720-740, rue Olive + 265 rue Merry Nord, Magog for sale
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$1,007,000
Apply for your Desjardins mortgage financing →

Quadruplex for sale

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

No. 1007366

No agents
Contact the owner
Phone
819-570-7353

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.

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The steps involved in buying a property Buy
Print
Contact the owner
Phone
819-570-7353

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.

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…

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

Calculator

Mortgage calculator

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Legal information

This online tool was created to help you plan and calculate your payments on a mortgage loan. The results are estimates based on the information you enter. They can change depending on your financial situation and budget when the loan is granted. The calculations are based on the assumption that the mortgage interest rate stays the same throughout the amortization period. They do not include mortgage loan insurance premiums. Mortgage loan insurance is required by lenders when the homebuyer’s down payment is less than 20% of the purchase price. Please contact your mortgage lender for more specific advice and information on mortgage loan insurance and applicable interest rates.

Calculator

Mortgage calculator

i

The price you agree to pay when you purchase a home (the purchase price may differ from the list price).

i

The amount of money you pay up front to secure the mortgage loan.

i

The interest rate charged by your mortgage lender on the loan amount.

i

The number of years it will take to pay off your mortgage.

5 years
10 years
15 years
20 years
25 years
30 years
i

The length of time you commit to your mortgage rate and lender, after which time you’ll need to renew your mortgage on the remaining principal at a new interest rate.

1 year
2 years
3 years
4 years
5 years
6 years
7 years
10 years
i

How often you wish to make payments on your mortgage.

Weekly
Bi-Weekly
Monthly
Mortgage amount
$805,600
My payments
$1,133 Weekly

Would you like a mortgage pre-authorization? Make an appointment with a Desjardins advisor today!

Get pre-approved

Legal information

This online tool was created to help you plan and calculate your payments on a mortgage loan. The results are estimates based on the information you enter. They can change depending on your financial situation and budget when the loan is granted. The calculations are based on the assumption that the mortgage interest rate stays the same throughout the amortization period. They do not include mortgage loan insurance premiums. Mortgage loan insurance is required by lenders when the homebuyer’s down payment is less than 20% of the purchase price. Please contact your mortgage lender for more specific advice and information on mortgage loan insurance and applicable interest rates.

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
Total known costs
$878.4
$10,540.8
More info on the costs involved in buying a property

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
Apply for your Desjardins mortgage financing →

Quadruplex for sale

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

No. 1007366

No agents
Contact the owner
Phone
819-570-7353

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.

See it on the map
The steps involved in buying a property Buy
Print
Contact the owner
Phone
819-570-7353

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?
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1 866 387-7677
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