BRRR Opportunity -- Duplex with Major Value-Add Potential
8 René-Roger Street, Gatineau
Excellent BRRR opportunity (Buy, Renovate, Rent, Refinance) in a strategic Gatineau location, within walking distance to UQO and just minutes from Ottawa.
This duplex already generates strong income while offering significant upside potential through the possibility of extending the main floor unit into the basement.
Following discussions with the City of Gatineau, it would be possible to extend the main-level unit into the basement to add:
2 additional bedrooms
1 additional bathroom
1 second living room / family room
Future owners would need to complete their own verifications and obtain the necessary permits from the City for the extension work.
The seller had already started planning the optimization project:
Architectural plans already completed
Plumbing work completed according to code
Basement prepared for concrete slab
Clear value-add project already planned
The seller simply does not have the time to complete the project, creating an excellent opportunity for an investor to take over a well-advanced optimization plan.
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Revenue Increase Potential
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The main unit is currently rented by student bedrooms:
$675/month
$620/month
$620/month
With the addition of 2 more bedrooms, projected additional revenue could be approximately:
+$700/month per additional bedroom
Approx. +$1,400/month in additional income potential
Another attractive option:
Convert the main unit into a large 5-bedroom family apartment that could potentially rent for approximately $1,750/month or more depending on market conditions.
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Current Income
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Main unit (student rental by bedroom)
$675/month
$620/month
$620/month
Upper unit (family)
$1,600/month
Current revenue: $3,515/month
Reliable and stable tenants paying on time.
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Additional Upside
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Potential to add rentable parking spaces in the back
Strong rental demand due to proximity to UQO and Ottawa
Prime location near shops, buses, and services
Highly desirable area for student and family rentals
An ideal opportunity for investors looking to acquire a cash-flowing property with a clear revenue optimization strategy already in place.