$1,224,999
ULS: 19795807
Quadruplex
for sale
72 Rue Gamelin, Gatineau (Hull) (Lac des Fées, Wrightville)
Possible land assembly with 18 Joffre. This property's combination of prime location, size, and redevelopment potential makes it an ideal acquisition for forward-thinking investors and developers. Whether you're looking to expand your portfolio or take advantage of Gatineau's evolving urban landscape, 72 Gamelin offers unparalleled possibilities. Don't miss out on this exceptional opportunity!
Sale without legal warranty of quality, at the buyer's risk and peril.
Living area
243.38 m²
Property features
1
Bedroom
1
Bathroom
RÉMI CHAPADEAU
Residential Real Estate Broker
RE/MAX DIRECT INC.
Addendum
Welcome to 72 Gamelin Street, Gatineau -- a strategic property that combines current rental income with tremendous redevelopment potential. Located on an expansive 10,000+ square foot corner lot in the heart of the city, this fourplex stands out as a rare gem in one of Gatineau's most sought-after neighborhoods.
Key Features:
Location, Location, Location: Situated on a prominent street corner across from a sprawling park, this property offers breathtaking green views and unmatched urban convenience.
Future Development Potential: Under the city's Plan d'Urbanisme, this area is slated for redevelopment up to 6 storeys, potentially 10, opening doors for lucrative multi-unit construction. Zoning change required. In the alternative, a townhome development or row triplexes remain attractive options.
Proximity to Services: Walking distance to public transit, schools, shopping, restaurants, and all essential services -- the perfect spot for attracting tenants or future residents.
Current Income Stream: The existing fourplex provides steady revenue while you plan for future opportunities. One unit is currently vacant, and two more will become vacant on or before June 30, 2025.
Key Features:
Location, Location, Location: Situated on a prominent street corner across from a sprawling park, this property offers breathtaking green views and unmatched urban convenience.
Future Development Potential: Under the city's Plan d'Urbanisme, this area is slated for redevelopment up to 6 storeys, potentially 10, opening doors for lucrative multi-unit construction. Zoning change required. In the alternative, a townhome development or row triplexes remain attractive options.
Proximity to Services: Walking distance to public transit, schools, shopping, restaurants, and all essential services -- the perfect spot for attracting tenants or future residents.
Current Income Stream: The existing fourplex provides steady revenue while you plan for future opportunities. One unit is currently vacant, and two more will become vacant on or before June 30, 2025.
Building details and property interior
Dimensions
51' 7" X 31' 11" irr.
Year constructed
1951
Living area
243.38 m²
Windows
PVC
Window Type
Casement
Siding
Stone, Stucco
Roofing
Asphalt shingles, Elastomeric membrane
Kitchen Cabinets
Wood
Basement
6 feet and more
Lot and exterior features
Lot size
104' X 102' irr.
Lot area
967.68 m²
Topography
Flat
Distinctive Features
Street corner
Driveway
Asphalt
Parking (total)
Driveway (8)
Proximity
Daycare centre, Hospital, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Public transportation, University, CEGEP, Highway
Characteristics
Heating System
Hot water
Heating Energy
Natural gas
Property or unit amenity
Wall-mounted air conditioning
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 330,000
- Building assessment
- $ 572,000
- Total
- $ 902,000
Taxes
- Municipal (2024)
- $ 6,181
- School (2024)
- $ 463
- Total
- $ 6,644
Gross annual revenues (potential)
- Residential
- $ 36,960
- Total
- $ 36,960
Inclusions and exclusions
Inclusions
All appliances not owned by tenants, 4 water heaters, air conditioning (2-72 Gamelin), 3 electric fireplaces.
Exclusions
Tenants' personal effects.
Mortgage payment calculator
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