$449,000

Bungalow for sale

983 rue Notre-Dame Gatineau (Gatineau) Outaouais

Name: 983 rue Notre-Dame, Gatineau (Gatineau) for sale
SKU: 1119781
Price: 449000 CAD
Availability: InStock

No. 1119781

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Here’s how to contact the owner

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3 bedrooms

1 bathroom

1 level

Living space area (basement exclu.) 1,240 ft² (115.2 m²)

Lot dimensions 6,835 ft² (634.99 m²)

Owners’ comments

Automated translation

Original comments

Great investment opportunity with good return potential.

Located in the Templeton sector, this well-maintained bi-generation offers two spacious and bright homes. An excellent opportunity for a future owner or an investor, looking for a profitable building.

Property Details:

The main unit may be free for the occupying owner, with 30 days' notice to the tenants, starting on 1 March 2026.

Main unit (ground floor): 3 bedrooms (5 ½) rent $1,900.
Secondary housing (basement): 2 bedrooms (4 ½) rent $1,100.
Single meter (heated/illuminated)
Annual gross revenue of $36,000, with the possibility of increase.
The lease for the basement unit ends on June 30, 2026 (renewable).
Several works carried out over the years.
Excellent valuation potential: a simple refresh could improve future income.
Pleasant neighborhood and proximity to amenities.

A great opportunity to seize for a buyer wishing to combine rental stability and growth potential, or to convert the house into a single-family home, according to your needs.

Belle occasion d'investissement avec bon potentiel de rendement.

Situé dans le secteur Templeton, ce bigénération bien entretenu offre deux logements spacieux et lumineux. Une excellente opportunité pour un futur propriétaire occupant ou un investisseur, à la recherche d'un immeuble rentable.

Détails de la propriété :

Le logement principal pourra être libre pour le propriétaire occupant, avec préavis de 30 jours aux locataires, dès le 1er mars 2026.

Logement principal (rez-de-chaussée) : 3 chambres (5 ½) loyer 1 900 $.
Logement secondaire (sous-sol) : 2 chambres (4 ½) loyer 1 100 $.
Un seul compteur (chauffé/éclairé)
Revenus bruts annuels de 36 000 $, avec possibilité d'augmentation.
Le bail du logement au sous-sol se termine le 30 juin 2026 (renouvelable).
Plusieurs travaux réalisés au fil des ans.
Excellent potentiel de valorisation : un simple rafraîchissement pourrait bonifier les revenus futurs.
Voisinage agréable et proximité des commodités.

Une belle opportunité à saisir pour un acheteur souhaitant combiner stabilité locative et potentiel de croissance, ou pour convertir la maison en unifamiliale, selon vos besoins.

Complete Description

Property features

Property Style

Multi-generation

Price Detail

With Income

Asking Price

$449,000

Building dimensions

45.93x26.25 ft (14.00x8.00 m)

Municipal Assessment

$375,200

Backyard Faces

East

Year of construction

1974

Number of exterior parking

Annual income

$36,000.00

External facing:

Vinyl Siding

Heating source:

Electric
Heat-pump

Kitchen:

Thermoplastic cabinets
Dishwasher
Stove
Fridge
Double sink

Equipment/Services Included:

Ceiling fixtures
Window coverings
Blinds
Ventilator

Bathroom:

Separate Shower

Basement:

Totally finished
Separate entrance
Potential income

Location:

Near park
Residential area

Lot description:

Hedged
Fenced
Corner lot

Complete list of property features

Room dimensions

Apartment 1

Storey: Main floor

Dimensions: 26' x 45' (7,92 m x 13,72 m)

Flooring: Laminate

Apartment 2

Storey: Basement

Dimensions: 26' x 33' (7,92 m x 10,06 m)

Flooring: Laminate

Annual and Monthly costs

Property taxes

$252.29

$3,027.44

School taxes

$21.07

$252.89

Electricity

$172.45

$2,069.40

Insurance

$121.35

$1,456.24

Lease fees

$58.63

$703.56

More info on the costs involved in buying a property

Annual and Monthly revenues

Revenues

$3,000.00

$36,000.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

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