2970 Milletta, Magog
Magog
$ 1,875,000+GST/QST
MLS# 21592460
Property Details
N/A
BedroomsN/A
sq ftN/A
RoomsBusiness
Property Type1991
Year BuiltProperty Description
Exceptional location at Exit 115 of Highway 10! Strategically positioned with maximum visibility and steady traffic flow (across from the rest stop). Building is nearly fully leased with mixed-use income (commercial and residential). Ample parking available for clients and employees. Exterior recently updated with a modern look. Storefront windows and front parking. Signage permitted. Commercial spaces are on the ground floor, with residential units on the upper level. Gross commercial income: $108,335 + 1 vacant units (rental value $11,500) + residential income: $44,028.
Distinctive features
Near highway
Heating system
Electricity
Water supply
Artesian well, Well
Foundation
Concrete Perimeter
Parking
Asphalt
Sewage system
Disposal field, Septic Tank
Roofing
Shingle
Zoning
Commercial Sale
Utilities
Electricity Connected
Exclusions
All of the tenants' personal belongings
Estimated Expenses
Expense Type
Year
Frequency
Amount
Electricity
2025
Yearly
$ 1,632
Insurance
2025
Yearly
$ 14,299
Maintenance
2025
Yearly
$ 5,434
Municipal
2025
Yearly
$ 19,246
School
2025
Yearly
$ 852
Electricity
2025
Yearly
$ 1,632
Insurance
2025
Yearly
$ 14,299
Maintenance
2025
Yearly
$ 5,434
Municipal
2025
Yearly
$ 19,246
School
2025
Yearly
$ 852
Total:
$ 41,463
Addenda
ACTUAL GROSS INCOME: $152,362.68 (+ VACANT UNIT $11,500 POTENTIAL)
5 minutes from downtown Magog, 15 minutes from Sherbrooke, and 1 hour 15 minutes from the Champlain Bridge.
One 775 sq ft commercial unit currently vacant.
Residential income: Electricity and heating costs are the responsibility of the tenants. Tenants have been using the premises for several years.
Property Location
2970 Milletta, Magog
Mortgage Calculator
$ 0
Estimated Monthly Payment
Down Payment: $ 375,000
Interest Rate: 4%
Amortization: 25 years
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