$1,259,999

Quadruplex for sale

255 rue de la Cité-Jardin Gatineau (Gatineau) Outaouais

No. 1143460

With income
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
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The steps involved in buying a property Buy
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Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
2 bedrooms
1 bathroom
1 half bath
Lot dimensions 5 147.95 ft² (478.26 m²)

Owners’ comments

Automated translation

Description

Recent quadruplex located in the heart of Gatineau: an opportunity not to be missed!

Built in 2021 in downtown the "Gatineau sector", this semi-detached quadruplex (corner) is turnkey for both an investor and an owner-occupier with additional income. It is currently 100% leased and generates a gross income of $75,480 per year.

Four well-thought-out homes

  • 2 units with 2 bedrooms (± 1 200 ft²)
    • Each with a full bathroom and a powder room where the washer-dryer is located
    • The upper unit benefits from a 450 sq.ft. private roof terrace, overlooking the surrounding area; a rare asset that attracts and retains tenants
  • 2 1-bedroom units (± 600 ft²)
    • lower level type raised garden level ("High Ranch" style): large windows and lots of natural light.

Few worries for the owner

  • Construction of 2021: no major renovations to be expected for many years
  • Appliances included (4 or 5 appliances in each unit)
  • Electricity paid by the tenants (no common area)
  • 6 parking lots, including 3 covered (carports)

A highly sought after location

Located on rue de la Cité-Jardin, in the heart of the former Gatineau sector, this building benefits from a central and particularly practical location. In the immediate vicinity of numerous services, including the hospital, pharmacies, pharmacies, schools and Promenades de Gatineau, the area also benefits from excellent public transport services. Its location allows you to reach most areas of the city in about 15 minutes by car.

The "Square Urbania" project also benefits from a beautiful, recently developed central park, including several play modules and green spaces, a valuable asset for residents.

Whether for a first real estate investment, to expand an existing portfolio or to become an owner-occupant while benefiting from rental income, this quadruplex represents a great opportunity to consider.

Out of respect for our tenants, homes are visited by appointment only, by qualified buyers (mortgage pre-approval required), during grouped visit periods or following a conditional promise to purchase.

Complete Description
Complete Description

Property features

Asking Price
$1,259,999
Style
Link
Details
With income
Year of construction
2021
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
East
Number of parkings
6
Lot's municipal evaluation
$217,500
Building's municipal evaluation
$799,200
Annual income
$75,480.00
1 Bedroom
2
2 Bedroom
2

External facing:

  • Brick
  • Canexel wood fibre siding

Foundation:

  • Cast concrete

Heating source:

  • Electric
  • Thermo-pump

Features:

  • Central air
  • Air exchanger
  • Stove

Kitchen:

  • Melamine cabinets

Bathroom:

  • Separate Shower

Parking / Driveway:

  • Asphalt

Location:

  • Near park

Lot description:

  • Flat geography

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center

Near Health Services:

  • Hospital
  • Medical center

Near Educational Services:

  • Daycare
  • Elementary school
  • High School
  • College

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Library
  • Bicycle Path

Municipal services:

  • Aqueduct
  • Sanitary Sewer

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$65.28
$783.34
Municipal taxes
$763.97
$9,167.65
Maintenance fees
$388.58
$4,662.96
Insurance
$80.83
$970.00
Total known costs
More info on the costs involved in buying a property

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$6,290.00
$75,480.00

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.

1
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.

2
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.

3
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.

4
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.

Download the legal documents that you need

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$1,259,999

Quadruplex for sale

255 rue de la Cité-Jardin Gatineau (Gatineau) Outaouais

No. 1143460

With income
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
See it on the map
The steps involved in buying a property Buy
Print
Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
Do you want to sell commission-free, too?
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1 866 387-7677
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