$1,890,000
71 Rue Papineau
Gatineau (Hull)
Gatineau (Hull)
Type
N/A
Bedrooms
2
Living area
8000 PC
Bathrooms
1
MLS® 10338167
Property description
8-unit, 4-storey multiplex with optimized profitability. Must be sold with the neighboring property at 69 Papineau. Roof replaced in 2022 with accompanying invoice. Close to UQO and government offices, offering easy access to essential amenities. Walking distance to many local shops and restaurants. Less than 5 minutes from downtown Ottawa.
Details
Located near
Highway, Cegep, Hospital, Park - green area, Elementary school, High school, Public transport, University, Bicycle path, Daycare centre
Taxes and expenses
| School taxes | $691 |
| Municipal Taxes | $11,063 |
| Insurance | $8,300 |
| Snow removal / Lawn mowing | $900 |
| Energy cost | $2,650 |
Building and interior of the property
| Bedrooms | 2 |
| Bathrooms | 1 |
| Number of rooms | 5 |
| Living area | 8000 SF |
| Items included in the sale | 8x fridge, 8x oven, 8x diswasher, 8x washer, 8x dryer, 2x hot water tank |
| Land area | 6106 SF |
| Dimension of the front of the land | 60 F |
| Dimension of the depth of the land | 322 F |
| Year built | 1953 |
| Municipal assessment (land) | $293,500 |
| Municipal assessment (building) | $841,000 |
| Municipal assessment (total) | $1,134,500 |
| Assessment year | 2025 |
| Number of stories | 4 |
| Area of the building | 2000 SF |
| Potential gross revenue | $130,260 |
| Driveway | Asphalt |
| Heating system | Electric baseboard units |
| Water supply | Municipality |
| Heating energy | Electricity |
| Foundation | Poured concrete |
| Siding | Brick |
| Basement | 6 feet and over, Finished basement |
| Parking | Outdoor |
| Sewage system | Municipal sewer |
| Topography | Flat |
| Zoning | Residential |
Addendum
| - Must be sold with 69 Papineau, Gatineau (Hull). |
| - 8 2-bedroom apartments, each offering roughly 1,000 sq. |
| ft. of living space and a private balcony. |
| - Rented unheated and unlit. |
| - 4 parking spaces also available. |
| - New roof from 2022 with invoice available. |
| - 6 balconies for above-ground units. |
| - All façades are in brick. |
| - Heating in common spaces and hot-water tank paid by the |
| owner. |
| - Ideal for both students and workers, guaranteeing strong |
| rental demand. |
| - Close to UQO and government offices, offering easy access |
| to essential amenities. |
| - Walking distance to many local shops and restaurants. |
| - Less than 5 minutes from downtown Ottawa. |
