Photo Main Photo of the property
$635,000
ULS: 26030583

Quadruplex for sale - Gatineau (Hull) (Lac des Fées, Wrightville)

65 Rue des Oliviers, Gatineau (Hull) (Lac des Fées, Wrightville)
Quadruplex in Hull, close to all services and highway. Very well maintained over the years. All apartments are currently rented, generating an annual income of $45 420. Major exterior renovations were carried out in 2023 (96 905$) . Don't miss this opportunity to acquire a property with excellent income potential. Contact us today for more information or to schedule a visit.
Sale without legal warranty of quality, at the buyer's risk and peril.
Living area 2,650 ft²

Property features

2 Bedrooms
1 Bathroom
1 Powder room

SEBASTIEN NORMANDEAU

Residential Real Estate Broker

RE/MAX VISION (1990) INC.

STEPHAN CASSELMAN

Residential Real Estate Broker

RE/MAX VISION (1990) INC.

Superb investment opportunity in Hull!

- Quadruplex located in the Hull sector
- All units currently rented unheated-unlit, including some appliances
- 2 x 2 bedrooms
- 1 x loft
- 1 masonry unit
- The 3rd-floor loft offers a magnificent view of the city (unit D)
- Annual income of $45,420 / year (great potential for optimization)
- Independent entrances for all 4 units
- 3 parking spaces assigned to units A-C and D
- Storage space in outdoor shed for each tenant
- Major exterior renovations in 2023 with installation of Fibro cement on all 4 exterior walls ($96,905)
- The calculation of the increase for the next years is done and will be provided to the buyer
- Located near all services, shops and public transit.
- Minutes from Ottawa, highways and Boul. des Allumetières
Dimensions 48' 5" X 21' 5" irr.
Year constructed 1921
Living area 2,650 ft²
Windows PVC
Window Type Sliding, French door
Siding Concrete, Steel, Vinyl
Roofing Asphalt shingles
Kitchen Cabinets Melamine
Basement Partially finished, 6 feet and more
Lot size 48' 4" X 80' irr.
Lot area 3,914 ft²
Topography Flat
Driveway Unpaved
Parking (total) Driveway (2)
Proximity Elementary school, Bicycle path, Daycare centre, Park

Unit 1 (Monthly residential revenue)

Hall
Level: 1st level/Ground floor
Dimensions: 5'1" X 5'1"
Flooring: Wood
Details:
Living room
Level: 1st level/Ground floor
Dimensions: 12' X 10'1"
Flooring: Wood
Details:
Dining room
Level: 1st level/Ground floor
Dimensions: 9' X 8'1"
Flooring: Flexible floor coverings
Details:
Kitchen
Level: 1st level/Ground floor
Dimensions: 11'1" X 9'
Flooring: Flexible floor coverings
Details:
Laundry room
Level: Basement 1
Dimensions: 21'1" X 14'
Flooring: Wood
Details:
Bedroom
Level: 2nd level
Dimensions: 11'1" X 9'
Flooring: Laminate floor
Details:
Bedroom
Level: 2nd level
Dimensions: 14' X 9'1"
Flooring: Wood
Details:
Powder room
Level: 2nd level
Dimensions: 6' X 5'
Flooring: Flexible floor coverings
Details:
Bathroom
Level: 2nd level
Dimensions: 9' X 5'1"
Flooring: Flexible floor coverings
Details:

Unit 2 (Monthly residential revenue)

Living room
Level: 1st level/Ground floor
Dimensions: 16'1" X 13'1"
Flooring: Parquetry
Details:
Kitchen
Level: 1st level/Ground floor
Dimensions: 14'1" X 13'1"
Flooring: Flexible floor coverings
Details:
Bathroom
Level: 1st level/Ground floor
Dimensions: 10' X 4'1"
Flooring: Flexible floor coverings
Details:
Bedroom
Level: 2nd level
Dimensions: 16'1" X 10'1"
Flooring: Wood
Details:
Bedroom
Level: 2nd level
Dimensions: 11'1" X 9'1"
Flooring: Wood
Details:

Unit 3 (Monthly residential revenue)

Living room
Level: Basement 1
Dimensions: 16' X 13'1"
Flooring: Laminate floor
Details:
Kitchen
Level: Basement 1
Dimensions: 11'1" X 6'1"
Flooring: Flexible floor coverings
Details:
Bathroom
Level: Basement 1
Dimensions: 7' X 7'
Flooring: Flexible floor coverings
Details:
Storage
Level: Basement 1
Dimensions: 9'1" X 4'1"
Flooring: Concrete
Details:

Unit 4 (Monthly residential revenue)

Hall
Level: 3rd level
Dimensions: 4' X 3'
Flooring: Flexible floor coverings
Details:
Living room
Level: 3rd level
Dimensions: 21' X 15'1"
Flooring: Laminate floor
Details:
Bathroom
Level: 3rd level
Dimensions: 6'1" X 5'
Flooring: Flexible floor coverings
Details:
Kitchen
Level: 3rd level
Dimensions: 17' X 9'
Flooring: Laminate floor
Details:
Bedroom
Level: 3rd level
Dimensions: 12'1" X 12'
Flooring: Laminate floor
Details:
Heating System Convection baseboards, Electric baseboard units
Heating Energy Electricity
Water Supply Municipality
Sewage System Municipality

Financial details

Municipal assessment (2022)

Lot assessment
$ 200,900
Building assessment
$ 406,100
Total
$ 607,000

Taxes

Municipal (2024)
$ 5,629
School (2023)
$ 408
Total
$ 6,037

Gross annual revenues (potential)

Residential
$ 45,420
Total
$ 45,420

Inclusions

4 stoves, 4 refrigerators, 1 washer and 1 dryer in apartment D and lighting fixtures.

Desjardins

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