$699,000
ULS: 27698873
Triplex
for sale
301Z Rue Laramée, Gatineau (Hull) (Île de Hull)
Mixed-use building with 3 units located in a desirable area, offering an excellent combination of commercial and residential income. It includes a commercial space currently operating as a convenience store, with a net lease in effect until 2032 with an option to renew, as well as two residential units on the upper floor: a one-bedroom and a one-bedroom with an office. With a gross income multiplier (GIM) of approximately 10.7x times, this building represents an excellent investment opportunity. Contact us for more information or to schedule a visit.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
1
Bedroom
1
Bathroom
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
Highway, Public transportation, University
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
Gross annual revenues (potential)
- Residential
- $ 28,956
- Commercial
- $ 36,096
- Total
- $ 65,052
Inclusions and exclusions
Inclusions
Unit No. 1: stove and refrigerator. Unit #2: stove, refrigerator, dishwasher, washer and dryer
Exclusions
The water heater is leased from Enbridge. The building's central air conditioner was replaced by the convenience store owner. Technically, it belongs to him and should therefore be excluded from the sale.
Mortgage payment calculator
$
$
$
%
This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.