Cash-flowing duplex generating $3,515/month with approved permit to convert into a triplex. Project already advanced with architectural plans, plumbing completed to code, basement ready for concrete slab, and third electrical meter installed. Ideal for investors looking to finish the project and increase value. Prime location walking distance to UQO, near Ottawa, shops, and transit. Stable tenants in place. Strong upside with third unit and potential for additional rental parking.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Duplex with Approved Permit for Triplex Conversion -- Excellent Investment Opportunity
8 René-Roger Street, Gatineau
Rare investment opportunity in a prime Gatineau location. This duplex offers major value-add potential with a renovation permit already approved by the City of Gatineau to add a third unit in the basement, allowing the property to be converted into a triplex.
The project also includes architectural plans already prepared, significantly simplifying the completion of the project for the future owner.
A significant portion of the preparation work has already been completed: City-approved permit to add a basement apartment Architectural plans included Plumbing work already completed according to code Basement floor prepared for concrete slab Third electrical meter already installed, allowing separate electricity billing Optimization plan already designed for the triplex conversion
The seller originally intended to complete the project but does not have the time to finish it, creating an excellent opportunity for an investor to complete the work and unlock the property's full potential.
Current Rental Income Main unit (student rental by bedroom): Bedroom: $675 / month Bedroom: $620 / month Bedroom: $620 / month
Upper unit (family): $1,600 / month Total current income: $3,515 / month
Tenants are stable and pay on time, making this an easy property to manage. Additional Upside
Potential to add parking spaces in the back and rent them Strong rental demand due to proximity to UQO and Ottawa Ideal property for student housing or long-term rental investment Prime Location Walking distance to UQO Minutes from Ottawa Close to shops, services, and public transit Highly desirable rental area A great opportunity to acquire a cash-flowing property with a well-advanced value-add project 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.