$750,000
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 11.5 to 12 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 place with an expiry date in 2032, including an option for the tenant 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 any expenses directly related to the operation of the business.
- 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.
Tenant is responsible for electricity costs.
Heating is included in the rent.
Income:
Total gross monthly income: $5,421.75
Gross annual income: $65,061
** Note: Approximately 50% of the purchase price is subject to GST/QST. A GST/QST-registered purchaser may benefit from a self-assessment mechanism that could eliminate the need to pay these taxes at closing, subject to eligibility. Buyers are encouraged to confirm the applicable procedure with their notary and accountant.
- Currently leased at $3,008/month.
- Net commercial lease in place with an expiry date in 2032, including an option for the tenant 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 any expenses directly related to the operation of the business.
- 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.
Tenant is responsible for electricity costs.
Heating is included in the rent.
Income:
Total gross monthly income: $5,421.75
Gross annual income: $65,061
** Note: Approximately 50% of the purchase price is subject to GST/QST. A GST/QST-registered purchaser may benefit from a self-assessment mechanism that could eliminate the need to pay these taxes at closing, subject to eligibility. Buyers are encouraged to confirm the applicable procedure with their notary and accountant.
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 (2026)
- Lot assessment
- $ 209,500
- Building assessment
- $ 283,200
- Total
- $ 492,700
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
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