$750,000
301Z Rue Laramée
Gatineau (Hull)
Gatineau (Hull)
Type
Triplex
Bedrooms
1
Living area
N/A
Bathrooms
1
MLS® 27698873
Property description
Mixed-use building with 3 units located in a desirable area, offering an excellent combination of commercial and residential income. It includes a commercial space currently operating as a convenience store, with a net lease in effect until 2032 with an option to renew, as well as two residential units on the upper floor: a one-bedroom and a one-bedroom with an office. With a gross income multiplier (GIM) of approximately 11.5 to 12 times, this building represents an excellent investment opportunity. Contact us for more information or to schedule a visit.
Sold without legal warranty, at the risk and peril of the buyerDetails
Located near
Highway, Public transportation, University
Taxes and expenses
| Municipal | $11,399 |
| School | $369 |
| Gas | $500 |
Building and interior of the property
| Bedrooms | 1 |
| Bathrooms | 1 |
| Number of rooms | 3 |
| Items included in the sale | Unit No. 1: stove and refrigerator. Unit #2: stove, refrigerator, dishwasher, washer and dryer |
| Items excluded in the sale | The water heater is leased from Enbridge. The building's central air conditioner was replaced by the convenience store owner. Technically, it belongs to him and should therefore be excluded from the sale. |
| Dimension of the front of the building | 37.7 |
| Dimension of the depth of building | 47 |
| Land area | 380.9 |
| Dimension of the front of the land | 12.5 |
| Dimension of the depth of the land | 30.48 |
| Year built | 1901 |
| Municipal assessment (land) | $209,500 |
| Municipal assessment (building) | $283,200 |
| Municipal assessment (total) | $492,700 |
| Assessment year | 2026 |
| Irregular building | Yes |
| Potential gross revenue | $65,052 |
| Available services | Natural Gas Connected, Sewer Connected, Water Connected |
| Building condition | Century |
| Distinctive features | Detached, Street corner |
| Driveway | Asphalt |
| Equipment available | Central air conditioning |
| Foundation | Poured concrete, Stone |
| Heating energy | Natural gas |
| Heating system | Forced air |
| Rental appliances | Water heater |
| Sewage system | Municipality |
| Siding | Brick, Vinyl |
| Water supply | Municipality |
Addendum
| Commercial Space: - Currently rented for $3,008/month. - Net commercial lease in effect until 2032, including an option to renew for an additional five (5) years. - Annual rent increases indexed to the Consumer Price Index (CPI). - The tenant is responsible for the following expenses: electricity, 60% of the building's gas bill, business insurance, interior and exterior maintenance, snow removal, and any expenses directly related to the operation of the business. - The landlord is responsible for property taxes, building insurance, structural repairs, and 40% of the gas bill. - Lease offering excellent income stability and limited operating expenses for the landlord. Apartment 1 - 1 bedroom: - Rented for $918.75/month, all inclusive. Apartment 2 - 1 bedroom + office: - Rented for $1,495/month. - Tenant pays for electricity. - Heating is included in the rent. Income: Total monthly gross income: $5,421.75 Annual gross income: $65,061 ** Note: Approximately 50% of the purchase price is subject to GST/QST. A GST/QST-registered purchaser may benefit from a self-assessment mechanism that could eliminate the need to pay these taxes at closing, subject to eligibility. Buyers are encouraged to confirm the applicable procedure with their notary and accountant. |
