Île de Hull,
$1,850,000
2 
1
8000sq. ft.
MLS#: 24716961
Description
8-unit, 4-storey multiplex with optimized profitability. Must be sold with the neighboring property at 69 Papineau. Roof replaced in 2022 with accompanying invoice. Close to UQO and government offices, offering easy access to essential amenities. Walking distance to many local shops and restaurants. Less than 5 minutes from downtown Ottawa.
Annual potential gross revenue: $130,260
Room details
Unit 1
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 2
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 3
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 4
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 5
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 6
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 7
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Unit 8
| Type | Number of rooms | Number of bedrooms | |
|---|---|---|---|
| Residential | 5 | 2 |
Annual potential gross revenue: $130,260
Characteristics
| Sewage system | Municipal sewer |
| Water supply | Municipality |
| Foundation | Poured concrete |
| Roofing | Other (Welded with drains) |
| Siding | Brick |
| Heating energy | Electricity |
| Heating system | Electric baseboard units |
| Basement | 6 feet and over, Finished basement |
| Parking | 4 Outdoor |
| Driveway | Asphalt |
| Topography | Flat |
| Proximity | Highway, Cegep, Daycare centre, Hospital, Park - green area, Bicycle path, Elementary school, High school, Public transport, University |
Assessment, taxes and expenses
Evaluation:
Taxes:
Expenses:
| Assessment year | 2024 |
| Land Assessment | $293,500 |
| Building Assessment | $841,000 |
| Total Assessment | $1,134,500 |
| Municipal Taxes | $9,396 (2024) |
| School taxes | $691 (2024) |
| Total yearly taxes | $10,087 |
| Insurance | $8,300 |
| Energy cost | $2,650 |
| Snow removal / Lawn mowing | $900 |
| Total yearly expenses | $11,850 |
Included / Excluded
Included:
8x fridge, 8x oven, 8x diswasher, 8x washer, 8x dryer, 2x hot water tank
8x fridge, 8x oven, 8x diswasher, 8x washer, 8x dryer, 2x hot water tank
Nothing excluded.
Addenda
- Must be sold with 69 Papineau, Gatineau (Hull).
- 8 2-bedroom apartments, each offering roughly 1,000 sq. ft. of living space and a private balcony.
- Rented unheated and unlit.
- 4 parking spaces also available.
- New roof from 2022 with invoice available.
- 6 balconies for above-ground units.
- All façades are in brick.
- Heating in common spaces and hot-water tank paid by the owner.
- Ideal for both students and workers, guaranteeing strong rental demand.
- Close to UQO and government offices, offering easy access to essential amenities.
- Walking distance to many local shops and restaurants.
- Less than 5 minutes from downtown Ottawa.
Do you want to visit this property or do you have questions? Do not hesitate to contact me (call, email or text!)
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