Very nice investment opportunity, 9 units located in the Gatineau area. Good income, very clean, one owner, 9 x 2-bedrooms divided into 2 buildings (6+3), 6 x wall A/C, 18 x parking, 9 x water heater and several recent renovations & leasehold improvements. Perfect for real estate investor, a visit is a must!
- 2 buildings (6 units + 3 units) - 9 x 2-bedrooms - $127,500/annually - Apartments are rented unheated and unlit - Well maintained - 6 x wall A/C - 9 x water heaters - 18 x parking spaces - Exterior electrical hookup for each apartment - No pets allowed
Renovations & Improvements:
- Roof 2579 (2019-2021) - Roof 2583 (2008) - Windows in 9 units - Entrance door in 9 units - Fiberglass balcony in 6 units - Interlock balcony - Entrance and patio doors - Gutters - Exterior light fixtures - No original kitchen cabinets - No original ceramics - Kitchens and bathrooms replaced - Hardwoods in living rooms, dining rooms and bedrooms of 6 units - Driftwood in 3 basement dwellings - Mouldings and interior doors replaced + mouldings added - All toilets, sinks and washbasins - All fixtures, hardware, nothing original - List of hot water tanks and smoke detectors
Building details and property interior
Dimensions
76' 7" X 94' 9" irr.
Year constructed
1992
Living area
7,244 ft²
Windows
PVC
Window Type
Casement, French door
Siding
Brick, Vinyl
Roofing
Asphalt shingles
Basement
Finished basement, Outdoor entrance, 6 feet and more
Lot and exterior features
Lot size
60' X 333' 6"
Lot area
20,013 ft²
Topography
Flat
Driveway
Asphalt
Parking (total)
Driveway (18)
Proximity
Park, Bicycle path, Daycare centre, Public transportation, Highway, Elementary school
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
Lot assessment
$ 253,200
Building assessment
$ 1,326,800
Total
$ 1,580,000
Taxes
Municipal
(2024)
$ 13,088
School
(2024)
$ 998
Total
$ 14,086
Annual expenses
Snow removal
$ 1,956
Total
$ 1,956
Gross annual revenues (potential)
Residential
$ 127,500
Total
$ 127,500
Inclusions and exclusions
Inclusions
9 x hot water tank, light fixtures, 6 x wall-mounted A/C.