New price
$569,000
8 Rue René-Roger
Gatineau (Hull)
Gatineau (Hull)
Type
Duplex
Bedrooms
3
Living area
2000 PC
Bathrooms
1
MLS® 18303738
Property description
BRRR duplex with strong value-add potential in Gatineau. Current revenue of $3,515/month with stable tenants. Potential to extend the main-level unit into the basement to add 2 bedrooms, 1 bathroom, and a second living room (buyer to obtain necessary permits from the City). Architectural plans already completed, plumbing done to code, and basement prepared for concrete slab. Potential to increase revenue by approximately $1,400/month with the additional bedrooms or rent the main unit as a large 5-bedroom apartment. Walking distance to UQO and minutes from Ottawa.
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 Major Value-Add Potential |
| 8 René-Roger Street, Gatineau |
| Excellent BRRR opportunity (Buy, Renovate, Rent, Refinance) |
| in a strategic Gatineau location, within walking distance |
| to UQO and just minutes from Ottawa. |
| This duplex already generates strong income while offering |
| significant upside potential through the possibility of |
| extending the main floor unit into the basement. |
| Following discussions with the City of Gatineau, it would |
| be possible to extend the main-level unit into the basement |
| to add: |
| 2 additional bedrooms |
| 1 additional bathroom |
| 1 second living room / family room |
| Future owners would need to complete their own |
| verifications and obtain the necessary permits from the |
| City for the extension work. |
| The seller had already started planning the optimization |
| project: |
| Architectural plans already completed |
| Plumbing work completed according to code |
| Basement prepared for concrete slab |
| Clear value-add project already planned |
| The seller simply does not have the time to complete the |
| project, creating an excellent opportunity for an investor |
| to take over a well-advanced optimization plan. |
| * |
| Revenue Increase Potential |
| * |
| The main unit is currently rented by student bedrooms: |
| $675/month |
| $620/month |
| $620/month |
| With the addition of 2 more bedrooms, projected additional |
| revenue could be approximately: |
| +$700/month per additional bedroom |
| Approx. +$1,400/month in additional income potential |
| Another attractive option: |
| Convert the main unit into a large 5-bedroom family |
| apartment that could potentially rent for approximately |
| $1,750/month or more depending on market conditions. |
| * |
| Current Income |
| * |
| Main unit (student rental by bedroom) |
| $675/month |
| $620/month |
| $620/month |
| Upper unit (family) |
| $1,600/month |
| Current revenue: $3,515/month |
| Reliable and stable tenants paying on time. |
| * |
| Additional Upside |
| * |
| Potential to add rentable parking spaces in the back |
| Strong rental demand due to proximity to UQO and Ottawa |
| Prime location near shops, buses, and services |
| Highly desirable area for student and family rentals |
| An ideal opportunity for investors looking to acquire a |
| cash-flowing property with a clear revenue optimization |
| strategy already in place. |
