$699,000

Triplex for sale - Gatineau (Hull) (Île de Hull)

$699,000

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$699,000

Triplex for sale - Gatineau (Hull) (Île de Hull)

$699,000

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301Z Rue Laramée, Gatineau (Hull) (Île de Hull), J8Y 3A1

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 10.7x times, this building represents an excellent investment opportunity. Contact us for more information or to schedule a visit.

  • Lot area: 4,100 SF
  • NUMBER OF ROOMS : 0
  • Year built : 1901
GABRIEL LÉTOURNEAU
Residential and Commercial Real Estate Broker
Brokers tranquilit
Building details and property interior
Particularities plusParticularities minus

37'70" X 47' Irregular

1901

Poured concrete , Stone

Brick , Vinyl

Addenda
Particularities plusParticularities minus

Commercial Unit:
- Currently leased at $3,008/month.
- Net commercial lease in effect until 2032, including an option to renew for an additional five-year term.
- 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 expenses directly related to business operations.
- The owner is responsible for property taxes, building insurance, structural repairs, and 40% of the gas bill.
- Lease providing excellent income stability and limited operating expenses for the owner.

Residential Unit 1 - 1 Bedroom:
- Leased at $918.75/month, all included.

Residential Unit 2 - 1 Bedroom + Office:
- Leased at $1,495/month.
- Electricity is paid by the tenant.
- Heating is included in the rent.

Income:
- Total gross monthly income: $5,421.75
- Gross annual income: $65,061

GST/QST: Approximately 50% of the purchase price is subject to GST/QST. GST/QST-registered buyers may be eligible to recover applicable taxes through Input Tax Credits (ITCs) and Input Tax Refunds (ITRs). Depending on the purchaser's eligibility and intended use of the property, the self-assessment mechanism may also eliminate the need for an upfront payment of applicable taxes at closing, potentially resulting in significant financial savings. Buyers are encouraged to consult their accountant and notary to confirm eligibility and the applicable tax treatment.

Building details and property interior
Particularities plusParticularities minus

37'70" X 47' Irregular

1901

Poured concrete , Stone

Brick , Vinyl

Lot and exterior features
Particularities plusParticularities minus

41' X 100'

4,099.97 SF

Asphalt

Highway , Public transportation , University

Commercial , Residential

Characteristics
Particularities plusParticularities minus

Forced air

Natural gas

Central air conditioning

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

Unit No. 1: stove and refrigerator. Unit #2: stove, refrigerator, dishwasher, washer and dryer

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.

Financial details
Particularities plusParticularities minus
Assessment (2027)
Taxes
  • (2026)
  • (2026)
Gross yearly revenu (potential)
Energy
301Z Rue Laramée, Gatineau (Hull) (Île de Hull), J8Y 3A1
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 25.8%
  • 23.7%
  • 11.0%
  • 13.1%
  • 26.5%
  • 18.3%
  • 2.8%
  • 27.3%
  • 47.2%
  • 4.4%
UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
  • Statistics Household
  • Statistics Individual
  • Statistics Owners
  • Statistics Renters
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GABRIEL LÉTOURNEAU
Residential and Commercial Real Estate Broker
Brokers tranquilit

MORTGAGE PAYMENTS CALCULATOR

Financial details

Assessment (2027)
Taxes
  • (2026)
  • (2026)
Gross yearly revenu (potential)
Energy
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