221 Chemin Freeman, Hull

Asking Price

$1,800,000 + GST/PST

Building area

8,770 SQ. Ft.

Land size

42,612 SQ. Ft.

Price per SQ. Ft.

$205.25

Property Description

Class B office building located in a highly sought-after area of Gatineau. Generating strong returns, this asset is an excellent addition to any real estate investment portfolio. This well-maintained property is home to 27 Class A tenants operating primarily in professional services and alternative healthcare sectors. Its strategic location, close to residential neighborhoods, commercial districts, and major transportation routes, ensures steady and growing tenant demand.

Building type

Detached

Building Category

Class B - Office

Year built

1966

Highlights

Well-maintained building.

No major renovations anticipated in the near term.

Strategic location in the heart of Gatineau (Hull).

A strategic asset for diversifying the risk of a real estate portfolio.

Other information

Residential, low-impact commercial, and community zoning.

Located near Boulevard Saint-Joseph, a major commercial corridor in Gatineau (Hull).

Site with a typical building site coverage ratio of 30% to 40%, while the existing building occupies only 20% of the site, offering significant redevelopment potential.

The sale is made without any legal warranty of quality, at the buyer's own risk.

Location
Building description

General Information

Cadastral number1 089 422
Land size42 612 SQ. Ft.

Total Municipal Assessment

Total Municipal Assessment1 030 600 $
Municipal Land Assessment626 300 $
Municipal Building Assessment404 300 $

Construction

Clearance HeightTo be verified
Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1966
Building Dimensions82.8' x 80'
Cast-in-place concrete foundation

Electromechanical System

LightingLEDs & fluorescent tubes
Fire SystemYes
Security SystemOutdoor camera
Existing FacilitiesPhysical therapist, naturopath, occupational therapist, psychologist...

Parking

Number of Parking Spaces20–25 spaces

Area

Gross Area8,770 sq. ft.
Leasable Surface Area8,770 sq. ft.
Average Surface Area / Unit418 sq. ft.

Building type

Three heat pumps replaced (2025) The sale is made without any legal warranty of quality, at the buyer's own risk

Features

PlumbingAssumed standard
Condition of RoofElastomer membrane (a recent part)
Service ContractYes
Heating SystemElectric baseboard heaters, rooftop central air conditioning unit, wall-mounted air conditioner
Hot Water SystemIndependent tanks
Electrical PanelsCircuit breakers
Exterior SidingBrick
Environmental ReportUpdate needed
Condition of Doors/WindowsAluminum
Income & Expenses

Revenue

yearly
Commercial $203,873
Lockers
Parking
Total revenues $203,873
Expenses recovery yearly
Total expenses recovery
Total Gross Income $203,873
Vac. / Bad debt $13,511
EGR $190,362

Expenses

Calc. yearly
Administration Estimated $1,754
Management Fees Current $5,790
Municipal Taxes Current $35,685
School Taxes Current $794
Insurance Estimated $3,190
Electricity Current $13,738
Heating
Snow Removal Current $2,850
Elevator
Lawn
Structural reserve Current $2,895
Janitor Current $7,200
Maintenance Estimated $7,720
WiFi
Heat pump
Garbage Current $1,854
Total expenses $83,471
Rent roll

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Véronique LeSieur
Véronique LeSieur
|
Real Estate Broker | Real Estate Agent
819-664-3308 veronique.lesieur@pmml.ca
Property Photos
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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