$699,000
ULS: 10640203
Commercial
for sale
301 Rue Laramée, Gatineau (Hull) (Lac des Fées, Wrightville)
Mixed-use 3-unit building located in a sought-after area, offering an excellent combination of commercial and residential income. The property includes a commercial unit currently operated as a convenience store, benefiting from a net lease in place until 2032 with a renewal option, as well as two residential units on the upper floor: a 1-bedroom unit and a 1-bedroom plus office unit. With a gross rent multiplier (GRM) of approximately 10.7x times, this property represents an excellent investment opportunity for investors seeking a stable income-producing asset. Contact us for more information or to schedule a visit.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Lot area
380.90 m²
GABRIEL LÉTOURNEAU
Residential and Commercial Real Estate Broker
Addendum
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.
- 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
Dimensions
37' 7" X 47' irr.
Year constructed
1901
Siding
Brick, Vinyl
Lot and exterior features
Lot size
41' X 100'
Lot area
380.90 m²
Distinctive Features
Street corner
Driveway
Asphalt
Proximity
Other, Highway, Public transportation
Characteristics
Heating System
Forced air
Heating Energy
Natural gas
Property or unit amenity
Central air conditioning
Rented Equipment (monthly)
Water heater (1, 16)
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2027)
- Lot assessment
- $ 247,600
- Building assessment
- $ 254,600
- Total
- $ 502,200
Taxes
- Municipal (2026)
- $ 11,399
- School (2026)
- $ 369
- Total
- $ 11,768
Energy expenses
- Gas
- $ 500
- Total
- $ 500
Inclusions and exclusions
Inclusions
Unit #1: stove and fridge. Unit #2: stove, fridge, dishwasher, washing machine and dryer
Exclusions
Water heater leased from Enbridge. The central air conditioner of the building was replaced by the depanneur owner. So technically it is belonged to them and should be excluded from the sale
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.
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