New price
$2,100,000+ GST-QST
111-113 Rue Champlain
Gatineau (Hull)
Gatineau (Hull)
Type
Business
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 transportation
Taxes and expenses
| Municipal | $26,848 |
| School | $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 |
| Dimension of the front of the land | 30.18 |
| Dimension of the depth of the land | 21.1 |
| 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 |
| Available services | Sewer Connected, Water Connected |
| Distinctive features | Detached |
| Sewage system | Municipality |
| Structure type | Building |
| Water supply | Municipality |
Addendum
| *** BUILDING PERMIT IN HAND *** *** PHASES 1 AND 2 AVAILABLE AND FULLY COMPLIANT *** 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 |
