A rare opportunity to acquire one of the few multi-unit apartment buildings in Gatineau, just minutes from Ottawa.
Desirable layout: 4 three-bedroom units and 3 two-bedroom units. All apartments are rented unheated and without electricity. Several renovations have been completed over the years, including the replacement of all windows and doors, and a new roof installed in 2020. Qualified with APH Select at 100 points! Don’t miss out.
Excellent potential for revenue optimization thanks to opportunities to adjust rents across all units.
The building is well-maintained and requires no major renovations, allowing for acquisition with limited capital expenditure.
Partial sanitary drain on the front facade by 2025
Unit #7 fully renovated 2025–2026
Basement unit entrance redone with a slab and drain by 2025
New heat pumps and (7) air conditioners 2025
Complete replacement of outdoor LED lighting 2025
Paving of the parking lot and new curbs 2025
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 2 305 136 |
| Total Municipal Assessment | 1 055 300 $ |
| Municipal Land Assessment | 229 000 $ |
| Municipal Building Assessment | 826 300 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and Wood |
| Year of Construction | 1963 |
| New Outdoor Stairs and Handrails for 2020 | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 10 |
| Land Surface Area | 6 999 sq.ft |
| Laundry Room | N/A |
| Number of Rooms | 70 |
| Number of Units | 4 x 5.5 + 3 x 4.5 |
| Washer/Dryer Inlet | In each apartment |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Owner |
| Water Heaters Replaced 2017–2026 | |
| Fenced | New fence on the east side (2025) |
| Internet and Telecom | Tenant |
| Plumbing | Cooper & ABS |
| Condition of Roof | Membrane roof replaced in (2020) |
| Condition of Doors | All the windows and doors were therefore replaced (100%) with new ones |
| Condition of Balconies | Good condition |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Steady ringing |
| Heating System | Electric baseboards |
| Hot Water System | Independent, Electric |
| Condition of Windows | New Windows 2025–2026 |
| Condition of Kitchens | Good Condition |
| Electrical Panels | 7 100A electrical panels, 8 meters, and a new electrical service connection in 2025 |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good Condition |
| Environmental Report | Phase I (2026) |
| Floor Covering | Floating and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $112,680 | 100 % | $1,341 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $112,680 | $1,341 | |
| Vac. / Bad debt | $3,380 | 3 % | $40 |
| EGR | $109,300 | $1,301 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,918 | 4.5 % | $703 |
| Municipal Taxes | Current | $11,040 | 10.1 % | $1,577 |
| School Taxes | Current | $813 | 0.7 % | $116 |
| Insurance | Current | $6,698 | 6.1 % | $957 |
| Electricity | Current | $1,258 | 1.2 % | $180 |
| Heating | ||||
| Snow Removal | Current | $621 | 0.6 % | $89 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,750 | 1.6 % | $250 |
| Maintenance | Normalised | $4,900 | 4.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | Current | $2,280 | 2.1 % | $326 |
| CHMC: Other Costs | Normalised | $1,093 | 1 % | $156 |
| Total expenses | $35,371 | 32.4 % | $5,053 | |
| Net Revenue | $73,928 | $10,561 |
| schl | ||
|---|---|---|
| Maximum loan amount | $1,177,792 | $1,460,287 |
| Financing CAP | 5.34 % | 4.81 % |
| Debt coverage ratio | 1.1 | 1.1 |
| Interest Rate | 4.0 % | 4.0 % |
| Amortization | 30 Years | 50 Years |
| Term | 5 Years | 5 Years |
| schl | ||
|---|---|---|
| Net Revenue | $73,928 | $73,928 |
| Annual Mortgage Cost | $71,199 | $70,737 |
| Net cash after mortgage | $2,729 | $3,191 |
| RETURN ON INVESTMENT | ||
| Down Payment | $517,208 | $234,713 |
| Cash on cash return | 0.5 % | 1.4 % |
| Return on liquidity + capitalization | 4.8 % | 5.6 % |
| Total yearly return with appreciation of 2 % | 11.35 % | 20.04 % |
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