$589,000+ GST-QST
579Z Rue Notre-Dame
Gatineau (Gatineau)
Gatineau (Gatineau)
Type
Two or more stories
Bedrooms
2
Living area
N/A
Bathrooms
1
$677,203 (Taxes included)
After GST / QST and refunds if applicable
After GST / QST and refunds if applicable
MLS® 18454149
Property description
Investment opportunity at 579 Notre-Dame, Gatineau! Mixed-use building with official dual zoning (commercial/residential). The ground-floor convenience store is operated by the owner, who is ready to sign a 5+5 Triple Net (NNN) lease (rent and conditions to be negotiated). The upper floor features a spacious residential apartment. Sale of the building only (business assets excluded, but open to direct discussion with the owner). Sale is taxable in part. See addendum for full details.
Details
Room dimension
| Room | Floor | Dimensions | Floor covering |
|---|---|---|---|
| Bedroom | 2nd level | 7.5 X 11 ft / 2.26 X 3.35 m | Laminate floor |
| Bedroom | 2nd level | 14.7 X 7.6 ft / 4.45 X 2.29 m | Laminate floor |
| Kitchen | 2nd level | 9.4 X 18.8 ft / 2.84 X 5.69 m | Flexible floor coverings |
| Dining room | 2nd level | 7.6 X 11.2 ft / 2.29 X 3.40 m | Laminate floor |
| Living room | 2nd level | 11 X 13.7 ft / 3.35 X 4.14 m | Laminate floor |
| Laundry room | 2nd level | 7.6 X 4.2 ft / 2.29 X 1.27 m | Flexible floor coverings |
| Bathroom | 2nd level | 5.6 X 7.9 ft / 1.68 X 2.36 m | Flexible floor coverings |
Taxes and expenses
| Municipal | $9,298 |
| School | $304 |
Building and interior of the property
| Bedrooms | 2 |
| Bathrooms | 1 |
| Number of rooms | 4 |
| Number of rooms above ground | 2 |
| Expected delay of occupancy | 30 days |
| Items excluded in the sale | All inventory, merchandise, equipment, machinery, and business assets of the convenience store belonging to the current owner. |
| 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 |
| Irregular building | Yes |
| Available services | Electricity Connected, Sewer Connected, Water Connected |
| Basement | Low (less than 6 feet), Unfinished |
| Distinctive features | Detached |
| Driveway | Unpaved |
| Foundation | Concrete blocks |
| Heating energy | Electricity |
| Heating system | Electric baseboard units |
| Laundry | 2nd level, Other, Other second level |
| Parking | Driveway |
| Roofing | Asphalt shingles |
| Sewage system | Municipality |
| Siding | Stucco, Vinyl |
| Topography | Flat |
| Water supply | Municipality |
| Windows | PVC |
Addendum
| -The Buyer acknowledges that the property is of mixed-use (commercial and residential). Consequently, the sale is subject to GST and QST only on the commercial portion of the building (the convenience store). The residential portion (the apartment) is exempt from taxes. The exact proportion of the commercial and residential portions for the purpose of tax calculation to be paid by the Buyer will be established according to the City of Gatineau tax bills or, failing that, by a chartered appraiser mutually agreed upon by both parties, at the Buyer's expense. -The Buyer acknowledges and accepts that the convenience store on the ground floor is currently operated by the Seller. The Seller commits to signing, at the signing of the deed of sale, a Triple Net (NNN) commercial lease for a duration of five (5) years, with an option to renew for an additional five (5) years (5+5 formula). The initial rent amount and all terms of said lease shall be negotiated in good faith and agreed upon in writing to the full satisfaction of both the Buyer and the Seller within fourteen (14) days following the acceptance of a promise to purchase, failing which the present agreement shall become null and void. -The present sale includes only the immovable property (building and land) and explicitly excludes the business assets, equipment, operating permits, and inventory of the convenience store. Should the Buyer wish to purchase the business assets, this transaction shall be subject to a separate negotiation and contract concluded directly between the Buyer and the Seller, without the responsibility or involvement of the listing broker. -The Seller declares that the property benefits from a dual zoning (commercial for the ground floor and residential for the upper floor) fully compliant with the City of Gatineau. The Buyer assumes sole responsibility for verifying with the competent authorities that their intended use of the property complies with current municipal zoning regulations. |
