Gatineau (Gatineau)
Property description
Highly profitable building with the potential to subdivide the current lot into two parcels! A well-maintained, furnished 33-unit studio-style building. This building was formerly a hotel and stands out for its high ceilings and bright rooms. It has been carefully managed for over 20 years by the same owner, with one-year leases for most of the units. The building is being sold as part of a portfolio along with a second building (1411 St-Louis - Centris No. 26591118), for a total of 67 units.
Sold without legal warranty, at the risk and peril of the buyerDetails
Located near
CEGEP, Elementary school, Golf, High school, Highway, Hospital, Park, Public transportation
Taxes and expenses
| Municipal | $12,813 |
| School | $1,152 |
| Electricity | $10,307 |
| Gas | $8,000 |
| Insurance | $22,519 |
| Other | $1,062 |
| Security | $676 |
| Snow removal | $1,400 |
Building and interior of the property
| Items included in the sale | Any equipment necessary for the proper operation of the building and any furniture or appliances included in the leases. |
| Items excluded in the sale | Tenants' personal belongings, tools belonging to the landlord or the building superintendent. |
| Land area | 36429 square foot |
| Year built | 1952 |
| Municipal assessment (land) | $256,500 |
| Municipal assessment (building) | $1,226,400 |
| Municipal assessment (total) | $1,482,900 |
| Assessment year | 2026 |
| Number of stories | 2 |
| Potential gross revenue | $321,000 |
| Available services | Laundry room, Natural Gas Connected, Sewer Connected, Water Connected |
| Distinctive features | Detached |
| Driveway | Unpaved |
| Foundation | Concrete blocks, Poured concrete, Stone |
| Heating energy | Natural gas |
| Roofing | Asphalt shingles, Elastomeric membrane |
| Sewage system | Municipality |
| Siding | Vinyl |
| Water supply | Municipality |
Addendum
| 33 rooms, each with a private bathroom. Electrical outlets for a stove in most units. Rented furnished on an all-inclusive basis (heating, lighting, and Internet) with a single bed, mattress, table, chair, and kitchenette including a stove or hot plate, refrigerator, sink, and microwave (included as-is, in working condition, without warranty). Revenues are not 100% effective. Variable depending on turnover. Mostly one-year leases. 33 rental rooms in the property assessment. The conformity of some rooms has not been confirmed. Capital spendings in recent years Vinyl exterior siding completely replaced in 2016. Old siding removed, exterior walls thickened, and urethane insulation before installing the new siding. Styrofoam panels installed around the entire perimeter of the foundation in 2016. Roof completely replaced in 2016. New fire alarm system in 2024. New camera system in 2024. The sale is made without any legal warranty of quality, at the buyer's own risk. |



























