129 Boul. St Joseph, Gatineau (Hull), QC J8Y

$849,900

0 Bedrooms
0 Bathrooms
1905
MLS: 21562568

Description

WOW 7.5 times the income!!!! BARGAIN PRICE FOR A QUICK SALE! The most profitable investment building in Gatineau, located in Hull just minutes from Ottawa. Ideal for investors or owner-occupiers seeking the best cash flow in the city. Comprising 3 residential units and 2 commercial spaces, it generates over $125,000 per year. Over $70,000 in recent renovations: upgraded units, new roof, furnace, and partially redone plumbing. Strategic location on St-Joseph Blvd. offering maximum visibility, constant foot traffic, and flexible zoning. To schedule a tour, contact me, Jonathan Lamirande, at 819-303-1809.

WOW! A 5-unit mixed-use building offering exceptional
returns with a cap rate of approximately 7.5X the income...
a rare opportunity on the market. Located on Saint-Joseph
Boulevard in Hull, just minutes from Ottawa and in close
proximity to Highway 50 and all amenities, this strategic
location ensures maximum visibility and consistent foot
traffic.

The building consists of 3 residential units and 2
commercial spaces, generating annual income of over
$125,000, with excellent potential for optimization for an
investor or owner-occupier looking to maximize cash flow.

Over $70,000 in renovations has been recently invested.
Several units have been upgraded, including updated
flooring, interior finishing work, painting, and
optimization of certain spaces. Work has also been done on
the plumbing (partially redone), in addition to the
installation or improvement of mechanical systems.

The building also features a new roof and a gas furnace
(included in the lease), contributing to the stability and
overall performance of the property. Certain commercial
units have been modified to optimize their use and
profitability.

According to the seller's previous statements, the original
construction dates back to 1905, with an expansion around
1970. The foundations are made of poured concrete and stone.

Flexible zoning allows for multiple uses, adding
significant long-term strategic value for an investor.

This building stands out for its profitability, prime
location, and potential for optimization--an extremely rare
find in Gatineau.

For more information or to schedule a tour, contact
Jonathan Lamirande at 819-303-1809.

Note: The applicable GST/QST portion will be determined by
the notary handling the transaction. Measurements are
approximate.

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ROOM DETAILS
Room	Dimensions	Level	Flooring
N/A

BUILDING
Type	Commercial building/Office
Style	Detached
Dimensions	0x0
Lot Size	607 MC

EXPENSES
Municipal Taxes (2025)	$ 15963 / year
School taxes (2025)	$ 571 / year

CHARACTERISTICS
Heating system	Air circulation, Electric baseboard units
Windows	Aluminum, PVC
Driveway	Asphalt
Roofing	Asphalt shingles, Tin
Siding	Brick, Stucco
Zoning	Commercial, Residential
Heating energy	Electricity, Natural gas
Basement	Finished basement
Proximity	Highway, Public transport
Sewage system	Municipal sewer
Water supply	Municipality
Kind of commerce	Other
Parking	Outdoor
Foundation	Poured concrete, Stone
Type of business/Industry	Retail, Service

Jonathan Lamirande

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