16 bedrooms
8 bathrooms
Lot dimensions 1 249.7 m² (13 451.66 ft²)

Owners’ comments

Automated translation

- 8 apartments all rented in the heart of the Gatineau sector

- Housing always rented, quality building, clean, animal free, non-smoking (new tenants) and adjacent to a playground.

- Very well located in the heart of the economic, social, cultural and sports activities of Gatineau (Gatineau sector). Walking distance to the Promenades de l'Outaouais, other retail stores, CÉGEP, Rapibus and public transit, near Ottawa, etc.

- The roof was changed in May 2019, the hot water tanks are new in March 2017.

- All accommodations have an independent electric meter, air conditioning, air exchanger, no carpet, permanent curtain poles, washer/dryer sockets, electric baseboard heating, 3 bedrooms have a mini warehouse, 3 bedrooms have 2 parking spaces while 1 bedroom has 1.

- The current annual rent total is $72,780.00. Considering the rent increases accepted up to October 2019, the total annual rent will be $73,740.00.

- Ideally the financing is done at the Caisse Desjardins de Gatineau. The maturity of the mortgage is October 2022.

- Considering the City of Gatineau's new waste management policy, it is likely that the contract for the waste container will be cancelled when it expires in February 2020.

- Phase 1 environmental study is completed and available.

Complete Description
Complete Description

Property features

Asking Price
$1,097,000
Details
New price
Year of construction
2007
General condition
Excellent
Occupation rate
100
Certificate of Location
Yes
Number of parkings
12
Taxes year
2019
1 Bedroom
4
3 Bedroom
4
Bedrooms (total)
3

External facing:

  • Acrylique resin
  • Brick
  • Vinyl Siding

Foundation:

  • Cast concrete

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate

Windows:

  • PVC

Heating source:

  • Electric

Features:

  • Central air
  • Air exchanger

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • Totally finished
  • Separate entrance

Upgrades:

  • Roof

Parking / Driveway:

  • Asphalt

Location:

  • Near park
  • Public transportation

Lot description:

  • Flat geography
  • Corner lot
  • Landscaped

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center

Near Educational Services:

  • High School
  • College

Near Recreational Service:

  • Golf course
  • Sportif center
  • Library
  • Bicycle Path

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Mortgage
School taxes
$87.13
$1,045.59
Municipal taxes
$940.43
$11,285.16

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$6,065.00
$72,780.00

Property transfer duties

In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of a property.

$

How to buy this property

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Did you know?

Whether you purchase a property from a homeowner or from a broker, the steps involved and the legal implications are the same. You’ll see that buying without an intermediary has many advantages!

Can I afford to buy this property?

Prior to visiting a property, you should verify whether you have the means to purchase it by meeting with a financial advisor. Don’t forget, you must have enough money to cover both a down payment and the expenses related to the transaction (notary, property transfer duties, etc.).

Is this property right for me?

Consult the listing to determine whether the property features meet your needs. If necessary, communicate with the homeowner to obtain additional information. You may then make an appointment with the homeowner for a visit and prepare a list of questions to ask him.

Do I need to conduct a property inspection?

Verifying the condition of the property prior to purchasing it is a good precaution to take. In order to do so, you can hire a home inspector. He will intervene at a later date. Be prepared to add the inspection conditions to the offer to purchase.

How much should I offer?

Easily familiarize yourself with the market by visiting DuProprio.com and by verifying the price that comparable properties in the area have sold for. You’ll get a better idea of how much you should offer. You can also hire a licensed appraiser.

FBD300AC-7746-4E68-A20C-3F23471BB772
How do I proceed with an offer to purchase?

Have a discussion with the homeowner in order to come to an agreement on the price, the conditions of the sale and the possession date. You can then complete the offer to purchase form.

Thanks to DuProprio, the seller benefits from a legal assistance service and can ask their legal questions in order to properly complete the document.

The sale will be sealed with a notary, but until then, nothing prevents you from consulting a notary to write-up an offer to purchase. Once the deed of sale is drafted, you will be the new homeowner!

Documents - Offer to purchase and counteroffer

$1,097,000

6 units or more for sale

240 Chemin de la Savane

Gatineau (Gatineau) Outaouais

No. 855831

New price
Contact the owner
Contact the owner