8-Plex For Sale in Gatineau, QC

69 & 71 Rue Papineau

Price: $2,200,000

Incredibly Rare 10-Unit Rental Investment!

Call or Email

Nancy


Buyer Agent Friendly

This seller is willing to negotiate commission with any real estate agent who brings an acceptable offer from a qualified buyer.

20
Bedrooms
10
Bathrooms
6,106
Square Feet
Unspecified
Lot Size
Other
Unspecified
Year Built
$11,669
Annual Taxes

Attention investors! Discover an unparalleled investment opportunity with these two exceptional properties located in the heart of downtown Hull, just minutes away from downtown Ottawa! This incredibly rare offer features an 8-plex and a duplex, each unit boasting two bedrooms and two bathrooms, with one outdoor parking space per unit.

These properties are high-income producers with a net income of $130,182 and an impressive cap rate of 5.9%. Fully rented and with a history of zero vacancies, these properties benefit from high rental demand, ensuring consistent and reliable income!

Ideally located near many essential services and amenities, including the parliament, highways, shops, restaurants, and the beautiful Ottawa River. This is a rare chance to secure a high-performing investment property in a sought-after area. Don't miss out on this incredible investment property that promises substantial returns and long-term growth. Located in a prime area with consistent rental demand, this is the perfect addition to your real estate portfolio.

For inquiries, please email me at [email protected] or call/text (613) 277-8892.

Dominion Lending Centres

5.55%

Current Variable Rate

6.45%

Current Prime Rate
Please Note: Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Terms
Bank Rates
Payment Per $100K
Our Rates
Payment Per $100K
Savings
6 Months
7.89 %
$756.21
7.49 %
$730.93
$25.28
1 Year
7.74 %
$746.69
5.89 %
$633.28
$113.41
2 Years
7.34 %
$721.53
5.64 %
$618.57
$102.97
3 Years
6.94 %
$696.72
4.64 %
$561.28
$135.43
4 Years
6.74 %
$684.44
4.64 %
$561.28
$123.16
5 Years
6.79 %
$687.50
4.39 %
$547.37
$140.12
7 Years
7.10 %
$706.60
5.40 %
$604.58
$102.02
10 Years
7.25 %
$715.92
5.80 %
$627.97
$87.95
Wondering what your interest rate will be for a mortgage? Find out for free from Equifax

Property Features

Listing ID: 576557

Property Type
8-Plex / Duplex
Ad Type
For Sale
Ownership
Freehold / Fee Simple
Parking
Assigned Parking / Parking Lot
Asking Price
$2,200,000
View Rest of Property Features

Mortgage Calculator

Dominion Lending Centres
$2,200,000
$0.00
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Nancy

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Lawyers

Edmonton, Airdrie, Athabasca, Banff, Beaumont, Blackfalds, Bowden, Brooks, Calgary, Camrose, View All

Peter B Mason Real Estate Lawyer

Can't make it to our office? We offer online real estate legal services!

Online Real Estate Closing Services learn more

Mortgage & Financing

Edmonton, Devon, Leduc, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Strathcona County, Thorsby

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Photos / 3D Tours / Measurements

Sudbury

Reel Edge Productions

2024 Winner of the Bell Business Excellence Award for INNOVATION

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Home Builders & Developers

Ladysmith, Cumberland

FMC Holdings Ltd.

We build quality developments and homes with you, the homeowner, in mind.

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Home Builders & Developers

Port Alberni

DG&3

A Space For Your Business to Grow & Thrive!

The Port Alberni Industrial Block learn more
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