$589,000 +GST/QST
New
ULS: 12191270
Commercial
for sale
579 Rue Notre-Dame, Gatineau (Gatineau) (Notre-Dame, Côté ville)
Investment Opportunity in Gatineau! Property sale only (building) located at 579 Notre-Dame St. Net yield (Cap Rate) of 5.09% guaranteed through a secure sale-leaseback agreement.Net income of $30,000 / year ($2,500 / month):Convenience store (Main floor): $1,500 / month.Apartment (Upper floor): $1,000 / month.Turnkey Triple Net (NNN) Lease: The single tenant assumes 100% of all expenses (Gatineau property taxes, school taxes, insurance, and maintenance). Zero management for the buyer. Strategic 5,000 sq. ft. lot with high appreciation potential.
Lot area
494.40 m²
DAVID PAREANEN
Residential and Commercial Real Estate Broker
Addendum
- 100% Guaranteed Net Income: The seller commits to signing a 5-year Triple Net (NNN) master lease (with renewal options) upon closing. The buyer enjoys a net cash flow of $30,000/year ($2,500/month) from day one, with zero tenant management hassle.
- Zero Expenses for the Buyer: Under the Triple Net agreement, the sole tenant assumes 100% of all operating expenses, including City of Gatineau property taxes, school taxes, building insurance, and overall maintenance.Stable Income Diversification: A secure mixed-use model blending an established main-floor commercial space (neighborhood convenience store at $1,500/month) and a high-demand residential unit upstairs ($1,000/month).
- Prime Land Value (5,000 sq. ft. Lot): Situated on the highly visible and busy Notre-Dame Street in Gatineau. The sizeable lot provides excellent residual land value and significant long-term redevelopment or optimization potential under city zoning.
- Business Opportunity Bonus: For an owner-operator looking to run the business themselves, the convenience store's goodwill (equipment, inventory, licenses) can also be purchased as an add-on (price and terms to be discussed).
- Zero Expenses for the Buyer: Under the Triple Net agreement, the sole tenant assumes 100% of all operating expenses, including City of Gatineau property taxes, school taxes, building insurance, and overall maintenance.Stable Income Diversification: A secure mixed-use model blending an established main-floor commercial space (neighborhood convenience store at $1,500/month) and a high-demand residential unit upstairs ($1,000/month).
- Prime Land Value (5,000 sq. ft. Lot): Situated on the highly visible and busy Notre-Dame Street in Gatineau. The sizeable lot provides excellent residual land value and significant long-term redevelopment or optimization potential under city zoning.
- Business Opportunity Bonus: For an owner-operator looking to run the business themselves, the convenience store's goodwill (equipment, inventory, licenses) can also be purchased as an add-on (price and terms to be discussed).
Building details and property interior
Dimensions
38' 5" X 25' irr.
Year constructed
1946
Windows
PVC
Siding
Stucco, Vinyl
Roofing
Asphalt shingles
Basement
Low (less than 6 feet), Outdoor entrance, Unfinished
Lot and exterior features
Lot size
50' X 100'
Lot area
494.40 m²
Distinctive Features
Street corner
Driveway
Unpaved
Parking (total)
Driveway (6)
Characteristics
Heating System
Forced air, Electric baseboard units
Rented Equipment (monthly)
Water heater (1, 150)
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 236,600
- Building assessment
- $ 181,900
- Total
- $ 418,500
Taxes
- Municipal (2026)
- $ 9,298
- School (2026)
- $ 304
- Total
- $ 9,602
Annual expenses
- Insurance
- $ 5,793
- Snow removal
- $ 600
- Lawn
- $ 500
- Security
- $ 400
- Total
- $ 7,293
Energy expenses
- Electricity
- $ 5,500
- Total
- $ 5,500
Inclusions and exclusions
Inclusions
All permanent heating, electrical, and lighting fixtures, All sold without legal warranty of quality.
Exclusions
All convenience store merchandise inventory, non-fixed commercial equipment, the point-of-sale (POS) system, and all movable property and personal effects belonging to the tenant.
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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