BRRR duplex with strong value-add potential in Gatineau. Current revenue of $3,515/month with stable tenants. Potential to extend the main-level unit into the basement to add 2 bedrooms, 1 bathroom, and a second living room (buyer to obtain necessary permits from the City). Architectural plans already completed, plumbing done to code, and basement prepared for concrete slab. Potential to increase revenue by approximately $1,400/month with the additional bedrooms or rent the main unit as a large 5-bedroom apartment. Walking distance to UQO and minutes from Ottawa.
Sale with exclusion(s) of legal warranty - See listing broker(s)
BRRR Opportunity -- Duplex with Major Value-Add Potential 8 René-Roger Street, Gatineau Excellent BRRR opportunity (Buy, Renovate, Rent, Refinance) in a strategic Gatineau location, within walking distance to UQO and just minutes from Ottawa. This duplex already generates strong income while offering significant upside potential through the possibility of extending the main floor unit into the basement. Following discussions with the City of Gatineau, it would be possible to extend the main-level unit into the basement to add: 2 additional bedrooms 1 additional bathroom 1 second living room / family room Future owners would need to complete their own verifications and obtain the necessary permits from the City for the extension work. The seller had already started planning the optimization project: Architectural plans already completed Plumbing work completed according to code Basement prepared for concrete slab Clear value-add project already planned The seller simply does not have the time to complete the project, creating an excellent opportunity for an investor to take over a well-advanced optimization plan. * Revenue Increase Potential * The main unit is currently rented by student bedrooms: $675/month $620/month $620/month With the addition of 2 more bedrooms, projected additional revenue could be approximately: +$700/month per additional bedroom Approx. +$1,400/month in additional income potential Another attractive option: Convert the main unit into a large 5-bedroom family apartment that could potentially rent for approximately $1,750/month or more depending on market conditions. * Current Income * Main unit (student rental by bedroom) $675/month $620/month $620/month Upper unit (family) $1,600/month Current revenue: $3,515/month Reliable and stable tenants paying on time. * Additional Upside * Potential to add rentable parking spaces in the back Strong rental demand due to proximity to UQO and Ottawa Prime location near shops, buses, and services Highly desirable area for student and family rentals An ideal opportunity for investors looking to acquire a cash-flowing property with a clear revenue optimization strategy already in place.
Building details and property interior
Year constructed
1930
Living area
2,000 ft²
Windows
Wood, PVC
Window Type
Sliding, Casement
Siding
Brick
Roofing
Asphalt shingles
Dividing Floor
Wood
Kitchen Cabinets
Melamine
Basement
6 feet and more
Lot and exterior features
Parking (total)
Driveway (2)
Proximity
CEGEP, Daycare centre, Golf, Hospital, Park, Bicycle path, Elementary school, Highway, High school, Cross-country skiing, Snowmobile trail, ATV trail, Public transportation, University, Alpine skiing
Characteristics
Heating System
Convection baseboards
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2022)
Lot assessment
$ 118,800
Building assessment
$ 382,900
Total
$ 501,700
Taxes
Municipal
(2026)
$ 4,367
School
(2025)
$ 326
Total
$ 4,693
Gross annual revenues (potential)
Residential
$ 42,180
Total
$ 42,180
Inclusions and exclusions
Inclusions
2x refrigerators, 2x ovens, 1 washer, 1 dryer, 1 superimposed washer-dryer. the furniture in the apartment rented by the room.