$949,900+ GST-QST
129 Boul. St-Joseph
Gatineau (Hull)
Gatineau (Hull)
Type
Commercial building/Office
Bedrooms
N/A
Living area
N/A
Bathrooms
N/A
MLS® 21562568
Property description
WOW 7.5 times the income!!!! BARGAIN PRICE FOR A QUICK SALE! The most profitable investment building in Gatineau, located in Hull just minutes from Ottawa. Ideal for investors or owner-occupiers seeking the best cash flow in the city. Comprising 3 residential units and 2 commercial spaces, it generates over $125,000 per year. Over $70,000 in recent renovations: upgraded units, new roof, furnace, and partially redone plumbing. Strategic location on St-Joseph Blvd. offering maximum visibility, constant foot traffic, and flexible zoning. To schedule a tour, contact me, Jonathan Lamirande, at 819-303-1809.
Details
Located near
Highway, Public transport
Taxes and expenses
| Municipal Taxes | $15,963 |
| School taxes | $571 |
Building and interior of the property
| Items included in the sale | All the furniture in apartment C with the gable end (above the restaurant), 2 water heaters |
| Items excluded in the sale | Tenants' personal belongings |
| Land area | 607 SM |
| Year built | 1905 |
| Municipal assessment (land) | $439,600 |
| Municipal assessment (building) | $368,100 |
| Municipal assessment (total) | $807,700 |
| Assessment year | 2025 |
| Area of the building | 358 SM |
| Driveway | Asphalt |
| Heating system | Air circulation, Electric baseboard units |
| Water supply | Municipality |
| Heating energy | Electricity, Natural gas |
| Windows | Aluminum, PVC |
| Foundation | Poured concrete, Stone |
| Kind of commerce | Other |
| Siding | Aluminum, Stucco, Brick |
| Basement | Finished basement |
| Parking | Outdoor |
| Sewage system | Municipal sewer |
| Type of business/Industry | Retail, Service |
| Roofing | Asphalt shingles, Tin |
| Zoning | Commercial, Residential |
Addendum
| WOW! A 5-unit mixed-use building offering exceptional |
| returns with a cap rate of approximately 7.5X the income... |
| a rare opportunity on the market. Located on Saint-Joseph |
| Boulevard in Hull, just minutes from Ottawa and in close |
| proximity to Highway 50 and all amenities, this strategic |
| location ensures maximum visibility and consistent foot |
| traffic. |
| The building consists of 3 residential units and 2 |
| commercial spaces, generating annual income of over |
| $125,000, with excellent potential for optimization for an |
| investor or owner-occupier looking to maximize cash flow. |
| Over $70,000 in renovations has been recently invested. |
| Several units have been upgraded, including updated |
| flooring, interior finishing work, painting, and |
| optimization of certain spaces. Work has also been done on |
| the plumbing (partially redone), in addition to the |
| installation or improvement of mechanical systems. |
| The building also features a new roof and a gas furnace |
| (included in the lease), contributing to the stability and |
| overall performance of the property. Certain commercial |
| units have been modified to optimize their use and |
| profitability. |
| According to the seller's previous statements, the original |
| construction dates back to 1905, with an expansion around |
| 1970. The foundations are made of poured concrete and stone. |
| Flexible zoning allows for multiple uses, adding |
| significant long-term strategic value for an investor. |
| This building stands out for its profitability, prime |
| location, and potential for optimization--an extremely rare |
| find in Gatineau. |
| For more information or to schedule a tour, contact |
| Jonathan Lamirande at 819-303-1809. |
| Note: The applicable GST/QST portion will be determined by |
| the notary handling the transaction. Measurements are |
| approximate. |
