Investment Opportunity | 23 Leased Condos

Address
Freeman Road
Gatineau, Quebec, Canada
Property Type
For Sale
Size
23 Suites

Investment Opportunity | 23 Fully Leased Condos

  • The subject property is situated on Freeman Road, in the far northern section of Hull, referred as the Hautes Plaines Sector
  • The offering consists of 23 condominium units distributed over 5 separate buildings situated on Freeman Road. The buildings are 186-192, 194 to 200, 202 to 212, 214 to 223 and 224 to 237 Freeman Road
  • The buildings were constructed in 1985 and have been well maintained over the years by the condo corporation
  • All the condos have 2 bedrooms and one bathroom and are individually metered. Each unit has a hot water tank and is heated by baseboard electric heaters.
  • There is $275,000 in the reserve fund for future repairs
  • Asking Price: $2,415,000 or $105,000 per unit
David C. Thomson
First Vice President, Investments | Broker
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