BRRR Opportunity -- Duplex with Approved Triplex Conversion
8 René-Roger Street, Gatineau
This is a rare BRRR opportunity (Buy, Renovate, Rent, Refinance) in a highly strategic Gatineau location.
The property is ideal for an investor looking to acquire a cash-flowing asset, complete an already well-advanced project, and refinance at a higher value.
This duplex already produces strong income while offering a clear and structured path to convert into a triplex.
*
Project Already in Place
*
City-approved renovation permit to add a basement unit
Official conversion from 2 units to 3 units planned
Full architectural plans already completed
Approx. 700 sq ft basement unit ready for development
Plumbing work already completed to code
Basement floor prepared for concrete slab
Third electrical meter already installed
Clear value-add plan already established
*
The seller originally intended to complete the project but does not have the time to finish it, giving the next investor a major head start.
*
*
Current Income
*
Main unit (student rental by bedroom)
$675 / month
$620 / month
$620 / month
Upper unit (family)
$1,600 / month
Total income $3,515 / month
Property is already stabilized with reliable tenants.
*
BRRR Strategy
*
Buy a cash-flowing asset
Renovate using approved plans and permits
Increase income with a third unit
Refinance at a higher valuation
*
Additional Upside
*
Potential to add rentable parking spaces in the back
Strong rental demand due to proximity to UQO and Ottawa
Ideal for student housing or long-term rental optimization
*
Prime Location
*
Walking distance to UQO
Minutes from Ottawa
Close to all services, shops, and public transit
*
A perfect opportunity for investors looking to execute a BRRR strategy with a project that is already significantly de-risked.