Gatineau (Hull)
Property description
WOW DEAL!! The most profitable quadruplex in the heart of Hull! Positive cash flow with an excellent ratio of 11x gross income, one of the best returns in the sector. Ideal for investors or first-time buyers looking to build a high-performing real estate portfolio. Four easy-to-rent 1-bedroom units, shared laundry room on the ground floor, large backyard, and 4 parking spaces. Well-maintained building with several renovations. Strategic location near UQO, shops, A-50, public transportation, and 5 minutes from Ottawa. A solid opportunity to seize quickly! For more information, contact me, Jonathan Lamirande, at 819-303-1809.
Details
Located near
Highway, Cegep, Golf, Hospital, Park - green area, Elementary school, High school, Public transport, University, Bicycle path, Alpine skiing, Cross-country skiing, Daycare centre
Taxes and expenses
| School taxes | $296 |
| Municipal Taxes | $3,975 |
| Energy cost | $3,870 |
Building and interior of the property
| Bedrooms | 1 |
| Bathrooms | 1 |
| Number of rooms | 3 |
| Living area | 136.2 SM |
| Items included in the sale | 4 refrigerators, 4 stoves, a washer, a dryer and 4 hot water tanks. |
| Items excluded in the sale | Tenants' personal belongings |
| Land area | 262.1 SM |
| Dimension of the front of the land | 10.29 M |
| Dimension of the depth of the land | 25.47 M |
| Year built | 1922 |
| Municipal assessment (land) | $209,700 |
| Municipal assessment (building) | $191,200 |
| Municipal assessment (total) | $400,900 |
| Assessment year | 2025 |
| Potential gross revenue | $55,068 |
| Driveway | Asphalt |
| Landscaping | Fenced, Landscape |
| Heating system | Electric baseboard units |
| Water supply | Municipality |
| Heating energy | Electricity |
| Windows | PVC |
| Siding | Vinyl |
| Basement | Crawl space |
| Parking | Outdoor |
| Sewage system | Municipal sewer |
| Window type | Crank handle |
| Roofing | Asphalt shingles, Elastomer membrane |
| Topography | Flat |
| View | City |
| Zoning | Residential |
Addendum
| Quadruplex offering a rare investment opportunity in a |
| sought-after area of Hull. Thanks to the renovations |
| carried out, the building offers stable value and excellent |
| growth potential. |
| Comprising four 1-bedroom, 1-bathroom units that are easy |
| to rent, it is ideal for an investor looking to maximize |
| their income or a first-time buyer looking to expand their |
| real estate portfolio. The shared laundry room on the |
| ground floor provides additional functionality for tenants. |
| The large backyard offers a welcome outdoor space, and the |
| four parking spaces are a major advantage in an urban |
| setting. |
| Located in a quiet, family-friendly neighborhood in |
| downtown Hull, the building is in close proximity to the |
| university, schools, daycare centers, shops, restaurants, |
| and essential services. Public transportation is easily |
| accessible and Highway 50 is just minutes away, providing |
| quick access to Ottawa. |
| Renovations and improvements since 2020 include replacement |
| of floor coverings, painting, addition or replacement of |
| drywall, and various functional and aesthetic improvements |
| ensuring ongoing maintenance of the building. A |
| well-positioned property for excellent rental stability and |
| long-term growth. |
| For advice on growing your real estate portfolio, contact |
| me, Jonathan Lamirande, at 819-303-1809! |
