* A STRATEGIC INVESTMENT OPPORTUNITY IN GATINEAU

This property represents a unique opportunity for savvy investors and developers: an income property in full conversion, located in one of Hull's most sought-after areas.

* APPROVED TRIPLEX 5-PLEX CONVERSION

Currently registered on the assessment roll as a triplex, this property has undergone complete administrative procedures with the City of Gatineau for its conversion to a 5-plex. The interior has been fully stripped, allowing for immediate reconstruction to your quality standards. Plans include 5 units: 2 two-bedroom apartments and 3 one-bedroom apartments.

* ADVANTAGEOUS COMMERCIAL FINANCING

The 5-plex conversion provides access to the commercial financing department, offering significantly more favorable terms than traditional residential financing. Through the CMHC MLI Select program, a financeable amount of $1,175,000 is available, based on a certified appraisal establishing the property's average value at $1,303,333 (average of 3 appraisal methods: cost/sales comparison/income). It's important to note that the appraiser did not include any value premium related to potential rental income optimization. The new owner can enhance returns by including Internet and appliances in lease agreements, thereby justifying higher rents than those used in the appraisal calculations.

* ALTERNATIVE OPTION: RESIDENTIAL FINANCING

For buyers preferring a different approach, the property can also be acquired and financed as a triplex through the residential department, with a renovation loan allowing financing of work up to 80% of the property's future value (post-renovation).

* PRIME LOCATION, HIGH RENTAL POTENTIAL

Located in the Lac des Fées/Wrightville neighborhood in Hull, the property benefits from a strategic location: immediate proximity to Cégep de l'Outaouais, Université du Québec en Outaouais (UQO), highway access, and downtown Ottawa. This location guarantees consistent rental demand and a stable long-term investment.

* IDEAL BUYER PROFILE

Real estate investors, developers, construction entrepreneurs, and real estate portfolio managers seeking a turnkey project with optimized financing and superior return potential.