REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jonathan Lamirande
$ 849,900
Est. payment | /mo
6,533 Sqft Lot
$ 849,900
Est. payment | /mo
6,533 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21562568
Style Detached
Year Built 1905
Tax Status Price + Taxes
Lot Size 6,533 Sqft
Property Description
WOW 7.5 times the income!!!! BARGAIN PRICE FOR A QUICK SALE! The most profitable investment building in Gatineau, located in Hull just minutes from Ottawa. Ideal for investors or owner-occupiers seeking the best cash flow in the city. Comprising 3 residential units and 2 commercial spaces, it generates over $125,000 per year. Over $70,000 in recent renovations: upgraded units, new roof, furnace, and partially redone plumbing. Strategic location on St-Joseph Blvd. offering maximum visibility, constant foot traffic, and flexible zoning. To schedule a tour, contact me!
WOW! A 5-unit mixed-use building offering exceptional returns with a cap rate of approximately 7.5X the income... a rare opportunity on the market. Located on Saint-Joseph Boulevard in Hull, just minutes from Ottawa and in close proximity to Highway 50 and all amenities, this strategic location ensures maximum visibility and consistent foot traffic.
The building consists of 3 residential units and 2 commercial spaces, generating annual income of over $125,000, with excellent potential for optimization for an investor or owner-occupier looking to maximize cash flow.
Over $70,000 in renovations has been recently invested. Several units have been upgraded, including updated flooring, interior finishing work, painting, and optimization of certain spaces. Work has also been done on the plumbing (partially redone), in addition to the installation or improvement of mechanical systems.
The building also features a new roof and a gas furnace (included in the lease), contributing to the stability and overall performance of the property. Certain commercial units have been modified to optimize their use and profitability.
According to the seller's previous statements, the original construction dates back to 1905, with an expansion around 1970. The foundations are made of poured concrete and stone.
Flexible zoning allows for multiple uses, adding significant long-term strategic value for an investor.
This building stands out for its profitability, prime location, and potential for optimization--an extremely rare find in Gatineau.
For more information or to schedule a tour, contact Jonathan Lamirande at 819-303-1809.
Note: The applicable GST/QST portion will be determined by the notary handling the transaction. Measurements are approximate.
WOW! A 5-unit mixed-use building offering exceptional returns with a cap rate of approximately 7.5X the income... a rare opportunity on the market. Located on Saint-Joseph Boulevard in Hull, just minutes from Ottawa and in close proximity to Highway 50 and all amenities, this strategic location ensures maximum visibility and consistent foot traffic.
The building consists of 3 residential units and 2 commercial spaces, generating annual income of over $125,000, with excellent potential for optimization for an investor or owner-occupier looking to maximize cash flow.
Over $70,000 in renovations has been recently invested. Several units have been upgraded, including updated flooring, interior finishing work, painting, and optimization of certain spaces. Work has also been done on the plumbing (partially redone), in addition to the installation or improvement of mechanical systems.
The building also features a new roof and a gas furnace (included in the lease), contributing to the stability and overall performance of the property. Certain commercial units have been modified to optimize their use and profitability.
According to the seller's previous statements, the original construction dates back to 1905, with an expansion around 1970. The foundations are made of poured concrete and stone.
Flexible zoning allows for multiple uses, adding significant long-term strategic value for an investor.
This building stands out for its profitability, prime location, and potential for optimization--an extremely rare find in Gatineau.
For more information or to schedule a tour, contact Jonathan Lamirande at 819-303-1809.
Note: The applicable GST/QST portion will be determined by the notary handling the transaction. Measurements are approximate.
Location
Province QC
Interior
Inclusions All the furniture in apartment C with the gable end (above the restaurant), 2 water heaters
Exterior
Exterior Feature Tenants' personal belongings
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "