$849,900+ GST-QST
129 Boul. St-Joseph
Gatineau (Hull)
Gatineau (Hull)
Type
Business
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!
Sold without legal warranty, at the risk and peril of the buyerDetails
Located near
Highway, Public transportation
Taxes and expenses
| Municipal | $15,963 |
| School | $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 |
| Year built | 1905 |
| Municipal assessment (land) | $439,600 |
| Municipal assessment (building) | $368,100 |
| Municipal assessment (total) | $807,700 |
| Assessment year | 2025 |
| Available services | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Basement | Finished basement |
| Distinctive features | Detached |
| Driveway | Asphalt |
| Foundation | Poured concrete, Stone |
| Heating energy | Electricity, Natural gas |
| Heating system | Electric baseboard units, Forced air |
| Kind of commerce | Other |
| Parking | Driveway |
| Roofing | Asphalt shingles, Sheet metal |
| Sewage system | Municipality |
| Siding | Aluminum, Brick, Stucco |
| Structure type | Building |
| Water supply | Municipality |
| Windows | Aluminum, PVC |
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. |
