$595,000
8 Rue René-Roger
Gatineau (Hull)
Gatineau (Hull)
Type
Duplex
Bedrooms
3
Living area
2000 PC
Bathrooms
1
MLS® 18303738
Property description
Cash-flowing duplex generating $3,515/month with approved permit to convert into a triplex. Project already advanced with architectural plans, plumbing completed to code, basement ready for concrete slab, and third electrical meter installed. Ideal for investors looking to finish the project and increase value. Prime location walking distance to UQO, near Ottawa, shops, and transit. Stable tenants in place. Strong upside with third unit and potential for additional rental parking.
Details
Located near
Highway, Cegep, Golf, Hospital, Park - green area, Elementary school, High school, Public transport, University, Bicycle path, Alpine skiing, Cross-country skiing, Daycare centre
Taxes and expenses
| Municipal Taxes | $4,367 |
| School taxes | $326 |
Building and interior of the property
| Bedrooms | 3 |
| Bathrooms | 1 |
| Number of rooms | 5 |
| Living area | 2000 SF |
| Items included in the sale | 2x refrigerators, 2x ovens, 1 washer, 1 dryer, 1 superimposed washer-dryer. the furniture in the apartment rented by the room. |
| Year built | 1930 |
| Municipal assessment (land) | $118,800 |
| Municipal assessment (building) | $382,900 |
| Municipal assessment (total) | $501,700 |
| Assessment year | 2022 |
| Number of stories | 2 |
| Potential gross revenue | $42,180 |
| Cupboard | Melamine |
| Heating system | Space heating baseboards |
| Water supply | Municipality |
| Heating energy | Electricity |
| Windows | Wood, PVC |
| Foundation | Concrete block, Stone |
| Siding | Brick |
| Basement | 6 feet and over |
| Parking | Outdoor |
| Sewage system | Municipal sewer |
| Window type | Sliding, Crank handle |
| Roofing | Asphalt shingles |
| Zoning | Residential |
Addendum
| BRRR Opportunity -- Duplex with Approved Triplex Conversion |
| 8 René-Roger Street, Gatineau |
| This is a rare BRRR opportunity (Buy, Renovate, Rent, |
| Refinance) in a highly strategic Gatineau location. |
| The property is ideal for an investor looking to acquire a |
| cash-flowing asset, complete an already well-advanced |
| project, and refinance at a higher value. |
| This duplex already produces strong income while offering a |
| clear and structured path to convert into a triplex. |
| * |
| Project Already in Place |
| * |
| City-approved renovation permit to add a basement unit |
| Official conversion from 2 units to 3 units planned |
| Full architectural plans already completed |
| Approx. 700 sq ft basement unit ready for development |
| Plumbing work already completed to code |
| Basement floor prepared for concrete slab |
| Third electrical meter already installed |
| Clear value-add plan already established |
| * |
| The seller originally intended to complete the project but |
| does not have the time to finish it, giving the next |
| investor a major head start. |
| * |
| * |
| Current Income |
| * |
| Main unit (student rental by bedroom) |
| $675 / month |
| $620 / month |
| $620 / month |
| Upper unit (family) |
| $1,600 / month |
| Total income $3,515 / month |
| Property is already stabilized with reliable tenants. |
| * |
| BRRR Strategy |
| * |
| Buy a cash-flowing asset |
| Renovate using approved plans and permits |
| Increase income with a third unit |
| Refinance at a higher valuation |
| * |
| Additional Upside |
| * |
| Potential to add rentable parking spaces in the back |
| Strong rental demand due to proximity to UQO and Ottawa |
| Ideal for student housing or long-term rental optimization |
| * |
| Prime Location |
| * |
| Walking distance to UQO |
| Minutes from Ottawa |
| Close to all services, shops, and public transit |
| * |
| A perfect opportunity for investors looking to execute a |
| BRRR strategy with a project that is already significantly |
| de-risked. |
