$4,500,000
158 Rue Richer
Gatineau (Hull)
Gatineau (Hull)
Type
N/A
Bedrooms
N/A
Living area
N/A
Bathrooms
N/A
MLS® 19820400
Property description
Profitable 16-unit building + 1 studio, located in the heart of Hull, 5 min from the bridges to Ottawa. Generates excellent income with several optimization opportunities, such as the installation of heat pumps. Well maintained with several recent renovations: roof (2024), balcony doors and windows (2019--2020). Turnkey investment with concierge, coin-operated laundry, and security camera system.
Details
Located near
Highway, Cegep, Hospital, Park - green area, Elementary school, High school, Public transport, University, Bicycle path, Daycare centre
Taxes and expenses
| Municipal Taxes | $24,026 |
| School taxes | $1,672 |
| Insurance | $11,625 |
| Security | $676 |
| Snow removal / Lawn mowing | $1,550 |
| Energy cost | $2,230 |
| Other | $1,035 |
Building and interior of the property
| Items included in the sale | Any device enabling the proper functioning of the BUILDING and any furniture or household appliances included in the leases. |
| Items excluded in the sale | Personal belongings of tenants, tools belonging to the owner or caretaker. |
| Dimension of the front of the building | 25.61 M |
| Dimension of the depth of building | 14.9 M |
| Dimension of the front of the land | 30.48 M |
| Dimension of the depth of the land | 36.1 M |
| Year built | 1968 |
| Municipal assessment (land) | $394,900 |
| Municipal assessment (building) | $1,958,800 |
| Municipal assessment (total) | $2,353,700 |
| Assessment year | 2025 |
| Number of stories | 3 |
| Potential gross revenue | $280,440 |
| Driveway | Asphalt |
| Heating system | Electric baseboard units |
| Water supply | Municipality |
| Heating energy | Electricity |
| Equipment available | Other, Alarm system |
| Windows | PVC |
| Foundation | Concrete block |
| Siding | Brick |
| Available services | Laundry room |
| Sewage system | Municipal sewer |
| Roofing | Elastomer membrane |
| Zoning | Residential |
Addendum
| Option to acquire the portfolio including 28 Av. Gatineau, |
| an 18-unit semi-commercial building (sold separately). |
| Layout: 15 x 4 ½, 1 x 3 ½ rented furnished, 1 x |
| non-conforming 2 ½ studio (rented furnished). |
| Average rent of approx. $1,375/month vs. market rate of |
| $1,500--$1,600. |
| Solid brick construction. |
| Comes with an 8-camera security system. |
| Possible CMHC Select Financing for energy efficiency. |
| This sale is made without legal guarantee of quality, at |
| the buyer's risk. |
