$2,800,000
1411 Rue St-Louis
Gatineau (Gatineau)
Gatineau (Gatineau)
Type
Other
Bedrooms
N/A
Living area
N/A
Bathrooms
N/A
MLS® 26591118
Property description
A high-yield, well-managed, and well-maintained apartment building. This 34-unit property features studio-style units that are fully equipped and have been carefully managed by the same owner for over 20 years. Includes house rules and a proven management system to ensure tenant screening, maintenance, and the smooth operation of the building. Increased stability with one-year leases for most units. Sold as part of a portfolio with a second building (3 Rue Campeau - Centris No. 22947393), 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, University
Taxes and expenses
| Municipal | $10,601 |
| School | $798 |
| Electricity | $9,795 |
| Gas | $7,110 |
| Insurance | $16,515 |
| Other | $3,007 |
| Security | $676 |
| Snow removal | $2,000 |
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 | 13427 square foot |
| Year built | 1970 |
| Municipal assessment (land) | $238,600 |
| Municipal assessment (building) | $796,900 |
| Municipal assessment (total) | $1,035,500 |
| Assessment year | 2026 |
| Number of stories | 2 |
| Potential gross revenue | $328,200 |
| Available services | Laundry room, Natural Gas Connected, Sewer Connected, Water Connected |
| Basement | 6 feet and more |
| Distinctive features | Detached |
| Equipment available | Central air conditioning |
| Foundation | Poured concrete |
| Heating energy | Natural gas |
| Heating system | Forced air |
| Roofing | Asphalt shingles |
| Sewage system | Municipality |
| Siding | Brick, Vinyl |
| Water supply | Municipality |
Addendum
| The units include: a single bed, mattress, table, chair, and a kitchenette with a hot plate, refrigerator, sink, and microwave (provided as is, in working condition, without warranty). A shared kitchen with an oven is also available. Twenty-six of the rooms have private bathrooms. Eight of the rooms share a common bathroom, which is regularly maintained by management. Revenues are not 100% effective. Variable depending on turnover. 34 units = 33 rental rooms as per property assessment + 1 non-compliant room Sold without legal warranty of quality at the buyer's risk and peril. Capital spendings in recent years 2018 - Roof redone less than 10 years ago 2018-2019 - Replacement of all electrical panels 2018 - All aluminum balconies replaced 2017-2019 - Basement units have been completely renovated. Ceramic floors installed. 2026 - Exterior landscaping redone around the building. Installation of surveillance cameras in the building and common areas. The sale is made without any legal warranty of quality, at the buyer's own risk. |
