** This sale will have no effect on the current businesses located in the buildings. **

A short 15-20 minutes from the downtown core of Ottawa, the property consists of a 5 story building, built in 2022, with 84 residential units and 9183SF of commercial space located at 75 rue Principale. It also includes 2 heritage buildings at 71 and 79 rue Principale with over 25000SF of commercial/office space. Both heritage buildings were built in 1834 but completely renovated in 2015.

Gatineau offers residents and tourists one of Canada's highest living standards, coupled with a reasonable cost of living. It provides an ideal balance between urban amenities and the natural beauty that surrounds the area. Gatineau offers a multitude of attractions that contributes to its appeal as an exceptional city to reside in. From its picturesque parks, trendy dining establishments, and multiple golf courses to its extensive network of scenic bike trails, Gatineau provides an unparalleled quality of life. Additionally, its advantageous proximity to Montreal, Ottawa, and Toronto allows for convenient travel and accessibility. As the fourth largest city in Quebec, Gatineau stands as a vibrant and burgeoning hub that draws in professionals from around the globe.

The demand for rentals surpasses the available rental supply in Gatineau as we are seeing a faster growth in new residents than Ottawa. Factors such as immigration, the migration of recent graduates, and the comparatively lower rental prices compared to Ottawa have all contributed to the swift escalation of rental rates. Gatineau has one of the lowest vacancy rates in Canada at 0.8%.

A financial overview is available upon request for qualified buyers.