1 Bed
1 Bath
1,860 SqFt
1 Bed
1 Bath
1,860 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,860 sqft
Price per Sqft $268
MLS Listing ID 11959090
Style Detached
Bedrooms 1
Year Built 1895
Lot Size 3,207 Sqft
Property Description
UNBEATABLE AND PROFITABLE: 9X INCOME IN DOWNTOWN HULL
At 176 Leduc Street, on Hull Island, a 3-unit building with an assessed value listed at $499,900, offering an estimated potential gross income of $54,000 per year. A gross income multiple of approximately 9 times, right in the heart of downtown.
FULLY RENOVATED APARTMENTS
Laminate flooring, remodeled kitchens and bathrooms, natural gas heating with a central furnace. Appliances included in all three units: refrigerator, built-in microwave oven, stovetop, dishwasher, and washer/dryer.
THE THREE UNITS
Apartment A, at the front: 1 bedroom spread over 2 floors, vacant.
Apartment B, on the 2nd floor: 2 bedrooms, vacant.
Apartment C, on the 2nd floor: 2 bedrooms, rented for $1,650 per month.
THE REAL OPPORTUNITY: TWO VACANT UNITS
No below-market rent caps. The buyer can rent out the two vacant units at market rate upon taking possession, or live in one as an owner-occupant. Current income from the single rented apartment at $1,650 per month for a two-bedroom unit occupied by two students (annual lease; lease expires August 31, 2027): $19,800 per year. Estimated potential income for all 3 apartments: $54,000 per year, based on market rents for comparable units.
PRIME LOCATION
Within walking distance of the Université du Québec en Outaouais (UQO), parks, schools, daycare centers, shops, and the bike path. Quick access to Highway 50 and just a few minutes from Ottawa. A strong and steady tenant base: students, young professionals, and couples.
MORE INFO:
Deed of sale within 30 days; occupancy subject to existing leases. 298 m² lot; original building dating from 1895 with a rear section built in 1970.
Location
State QC
Interior
Inclusions Heating system, appliances: Apartment A: Refrigerator, built-in microwave oven, stovetop, dishwasher, all-in-one washer-dryer combo. Apartment B: Refrigerator, built-in microwave oven, stovetop, dishwasher, all-in-one washer-dryer combo. Apartment C: Built-in microwave oven, cooktop, dishwasher, stackable washer and dryer; furnishings in the garage and basement (excluding the personal belongings of the owner and tenants)
Exterior
Exterior Feature Personal belongings of the tenants and the owner of the basement and garage; hot water tank included in rent ($15.79/month)
Building
Story 2nd floor
Nearby Locations
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