$3,800,000
36 Rue Tassé
Gatineau (Hull)
Gatineau (Hull)
Type
Other
Bedrooms
N/A
Living area
N/A
Bathrooms
N/A
MLS® 24823506
Property description
TURNKEY! A 16-unit apartment building, carefully managed by the same owners for 27 years. The property has undergone significant renovations and capital improvements in recent years, including the roof, foundation, windows, and patio doors. Most of the units have also been renovated to meet current standards. Fully leased, with a stable tenant base and low turnover, the building generates solid income while offering potential for rent optimization in the medium term.
Sold without legal warranty, at the risk and peril of the buyerDetails
Located near
Bicycle path, CEGEP, Daycare centre, Elementary school, Golf, High school, Highway, Hospital, Park, Public transportation, University
Taxes and expenses
| Municipal | $24,763 |
| School | $1,851 |
| Electricity | $582 |
| Insurance | $8,520 |
| Other | $992 |
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 | 11984 square foot |
| Year built | 1971 |
| Municipal assessment (land) | $401,100 |
| Municipal assessment (building) | $1,967,500 |
| Municipal assessment (total) | $2,368,600 |
| Assessment year | 2026 |
| Number of stories | 3 |
| Potential gross revenue | $237,180 |
| Available services | Electricity Connected, Sewer Connected, Water Connected |
| Distinctive features | Detached |
| Driveway | Asphalt |
| Equipment available | Intercom, Wall-mounted heat pump |
| Foundation | Concrete blocks |
| Heating energy | Electricity |
| Heating system | Electric baseboard units, Other |
| Parking | Driveway |
| Roofing | Asphalt shingles |
| Security features | Monitored fire alarm |
| Sewage system | Municipality |
| Siding | Brick, Vinyl |
| Topography | Flat |
| Water supply | Municipality |
Addendum
| Ideal for a busy investor looking for an asset in good condition that is easy to manage. Well-maintained building, stable tenants, renovated units. Key renovations (roof, foundation, windows and patio doors) already completed, reducing capital expenditures in the short and medium term. Central area, close to shops, highways and public transit. 5-6 minutes from the bridges to Ottawa. Capital spendings in recent years 2015 - Excavation and foundation membrane: Excavation around the building and installation of a waterproofing membrane on all four sides of the foundation. 2019 - Roof: Complete roof replacement. 2019 - Replacement of all windows and patio doors. 2020 - Installation of 16 heat pumps + Fire-rated door for mechanical room. 2021 - Electrical system inspection - Master electrician certificate available. 2021-2025 - 11/16 units renovated in 5 years - 16/16 in the last 15 years: floors, paint, moldings. 2021-2025 - 16/16 bathrooms renovated (vanity countertop, ceramic floor, including ceramic on bathtub walls). The sale is made without any legal warranty of quality, at the buyer's own risk. |
