$589,000+ GST-QST
579 Rue Notre-Dame
Gatineau (Gatineau)
Gatineau (Gatineau)
Type
Business
Bedrooms
N/A
Living area
N/A
Bathrooms
N/A
MLS® 12191270
Property description
Investment Opportunity in Gatineau! Property sale only (building) located at 579 Notre-Dame St. Net yield (Cap Rate) of 5.09% guaranteed through a secure sale-leaseback agreement.Net income of $30,000 / year ($2,500 / month):Convenience store (Main floor): $1,500 / month.Apartment (Upper floor): $1,000 / month.Turnkey Triple Net (NNN) Lease: The single tenant assumes 100% of all expenses (Gatineau property taxes, school taxes, insurance, and maintenance). Zero management for the buyer. Strategic 5,000 sq. ft. lot with high appreciation potential.
Details
Taxes and expenses
| Municipal | $9,298 |
| School | $304 |
| Electricity | $5,500 |
| Insurance | $5,793 |
| Lawn | $500 |
| Security | $400 |
| Snow removal | $600 |
Building and interior of the property
| Expected delay of occupancy | 30 days |
| Items included in the sale | All permanent heating, electrical, and lighting fixtures, All sold without legal warranty of quality. |
| Items excluded in the sale | All convenience store merchandise inventory, non-fixed commercial equipment, the point-of-sale (POS) system, and all movable property and personal effects belonging to the tenant. |
| Dimension of the front of the building | 11.7 metres |
| Dimension of the depth of building | 7.63 metres |
| Land area | 494.4 square metre |
| Dimension of the front of the land | 15.24 metres |
| Dimension of the depth of the land | 30.48 metres |
| Year built | 1946 |
| Municipal assessment (land) | $236,600 |
| Municipal assessment (building) | $181,900 |
| Municipal assessment (total) | $418,500 |
| Assessment year | 2026 |
| Number of stories | 2 |
| Irregular building | Yes |
| Available services | Sewer Connected, Water Connected |
| Basement | Low (less than 6 feet), Outdoor entrance, Unfinished |
| Basement foundation | Concrete slab on ground |
| Business type | Convenience store |
| Distinctive features | Detached, Street corner |
| Driveway | Unpaved |
| Foundation | Concrete blocks |
| Heating system | Electric baseboard units, Forced air |
| Parking | Driveway, Outdoor parking |
| Rental appliances | Water heater |
| Roofing | Asphalt shingles |
| Sewage system | Municipality |
| Siding | Stucco, Vinyl |
| Structure type | Building |
| Water supply | Municipality |
| Windows | PVC |
Addendum
| - 100% Guaranteed Net Income: The seller commits to signing a 5-year Triple Net (NNN) master lease (with renewal options) upon closing. The buyer enjoys a net cash flow of $30,000/year ($2,500/month) from day one, with zero tenant management hassle. - Zero Expenses for the Buyer: Under the Triple Net agreement, the sole tenant assumes 100% of all operating expenses, including City of Gatineau property taxes, school taxes, building insurance, and overall maintenance.Stable Income Diversification: A secure mixed-use model blending an established main-floor commercial space (neighborhood convenience store at $1,500/month) and a high-demand residential unit upstairs ($1,000/month). - Prime Land Value (5,000 sq. ft. Lot): Situated on the highly visible and busy Notre-Dame Street in Gatineau. The sizeable lot provides excellent residual land value and significant long-term redevelopment or optimization potential under city zoning. - Business Opportunity Bonus: For an owner-operator looking to run the business themselves, the convenience store's goodwill (equipment, inventory, licenses) can also be purchased as an add-on (price and terms to be discussed). |
