For Sale

$798,000

7Z Rue Montpetit , Gatineau (Hull), QC J8Y4Z6

9 Beds 2 Baths

Remarks

Very profitable turnkey rooming house. Monthly income of $7,140 generated by 11 stable, carefully selected tenants. Virtually no vacancies. Clean, well-maintained common areas including several shared bathrooms, 2 kitchens and on-site laundry. Prime location close to Hull Hospital, colleges, universities, and public transit to Ottawa, ensuring strong year-round demand. High capitalization rate, low expenses and immediate income upon purchase make this property a rare gem on today's market. Please call Phil for more information: (819) 319-2120.

PROPERTY DESCRIPTION
Very large 743.2 square metre lot (8,000 square feet).

The original building, built in 1910, comprises 3 bedrooms on the ground floor, 6 bedrooms upstairs, 2 kitchens, laundry room plus bathrooms.

An adjoining two-apartment, one-bedroom annex (duplex) was built in 1988.

Heating (gas, electricity), Vidéotron Internet, laundry room and 7 parking spaces plus a shed for the 1988 portion are included for the tenants.

Includes a 50-gallon gas water heater annex).

POSSIBILITY OF INCREASING THE INCOME
There is potential to increase revenues to $90,000 or more through rental of parking spaces and coin-operated washer/dryers.

Revenues could be further increased considerably by converting the entire 1910 building into 4 or 5 bachelor apartments.


Inclusions:

2 stoves, 9 refrigerators, 5 microwave ovens, all furniture, including beds and bedding, washer, dryer, 2-seat leather sofa, Lazyboy armchair, heater and television in bachelor apartment no. 15, heater in bedroom 10, snow blower, boiler for heating, outdoor shed.

Exclusions:

Furniture, furnishings, televisions and appliances for the two one-bedroom apartments in the 1988 annex. Televisions of the boarders, except for the TV in bachelor apartment no. 15. All boarders' personal belongings.

Property Summary

  • Neighbourhood: Lac des Fées, Wrightville
  • Lot Assessment: $285,100.00
  • Building Assessment: $375,600.00
  • Total Assessment: $660,700.00
  • Assessment Year: 2025
  • Municipal Tax: $6,157.00
  • School Tax: $447.00
  • Annual Tax Amount: $6,604.00 (2025)
  • Lot Frontage: 79.0 Metre
  • Lot Depth: 100.0 Metre
  • Lot Size: 8000.0 Square Feet
  • Building Width: 54.0 Feet
  • Building Depth: 64.0 Feet
  • No. of Parking Spaces: 7
  • Floor Space (approx): 3700.0 Square Feet
  • Built in: 1910
  • Bedrooms: 9
  • Bathrooms (Total): 2
  • Zoning: RESI

Building Features:

  • Driveway:
    Asphalt
  • Building amenity and common areas:
    Common areas , Laundry room , Yard , Outdoor storage space
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity , Natural gas
  • Foundation:
    Other
  • Proximity:
    CEGEP , Hospital , Park , Bicycle path , Elementary school , High school , Public transportation , University
  • Siding:
    Brick , Stucco
  • Floor Covering:
    Wood
  • Bathroom:
    Separate shower
  • Basement:
    6 feet and more
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Roofing:
    Asphalt shingles

Revenue Units

  • Potential gross revenue: Residential
    $85,680.00
  • Potential gross revenue: Date
    04-22-2025

Expenses (annual)

  • Insurance
    $5,548.00
  • Other
    $775.00
  • Electricity
    $3,800.00
  • Gas
    $6,736.00

Revenue Units

  • Pieces: 11 Bedrooms: 9 Bathrooms: 2 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
Lifestyle
Neighbourhood Info
Agent

Amine Ababou

Courtier immobilier résidentiel

Phone: 819.561.0223

Cell: 819.576.5753

Agent

Philippe Duclos

Courtier Immobilier

Cell: 819.319.2120

Get More Info