$2,500,000+ GST-QST
111-113 Rue Champlain
Gatineau (Hull)
Gatineau (Hull)
Type
Commercial building/Office
Bedrooms
N/A
Living area
N/A
Bathrooms
N/A
MLS® 23794992
Property description
Ideally located building in the heart of the Hull sector in Gatineau, offering a strategic location close to services, major roadways, government institutions, and downtown Ottawa. The property is currently leased, providing immediate income for the investor. Strong development potential: The sellers have in their possession all the documents required to carry out a real estate project, including all plans, specifications, studies, and permits for the construction of a 20-room project, already approved by the CCU (Urban Planning Advisory Committee). A rare opportunity for a developer or investor.
Details
Located near
Highway, Public transport
Taxes and expenses
| Municipal Taxes | $26,848 |
| School taxes | $706 |
Building and interior of the property
| Items included in the sale | All equipment necessary for the proper functioning of the PROPERTY and all furniture or appliances included in the leases. All plans, specifications, studies, permits, etc., for the construction of a 20-room project approved by the CCU. |
| Items excluded in the sale | Tenants' personal belongings, tools belonging to the owner or the superintendent. |
| Land area | 631.5 SM |
| Dimension of the front of the land | 30.18 M |
| Dimension of the depth of the land | 21.1 M |
| Year built | 1907 |
| Municipal assessment (land) | $663,100 |
| Municipal assessment (building) | $179,400 |
| Municipal assessment (total) | $842,500 |
| Assessment year | 2026 |
| Number of stories | 3 |
| Irregular land | Yes |
| Water supply | Municipality |
| Sewage system | Municipal sewer |
| Type of business/Industry | Service |
| Zoning | Commercial |
Addendum
| Once completed, the 20-unit (room) project has already been |
| appraised at $4.6M by Proval, with an MLI Select (APH |
| SELECT) Letter of Intent from the CMHC for financing. |
| 20 rooms with their own private kitchens and bathrooms, but |
| without individual electrical panels. |
| The current building is generating approximatively 65 000$ |
| / year. |
| Strategic location in the heart of the Hull sector in |
| Gatineau |
| Immediate proximity to downtown Ottawa |
| Quick access to major roadways and public transit |
| High-demand rental area |
| Property currently leased - immediate income |
| Ideal opportunity for investors or developers |
| Significant development potential |
| Accepted 20-room construction project |
| Approval obtained from the CCU (Urban Planning Advisory |
| Committee) |
| All documentation available: plans, specifications, |
| studies, and permits |
| Opportunity to quickly bring a real estate project to |
| fruition |
| Dynamic neighborhood close to services, shops, and |
| institutions |
