111–113 Rue Champlain represents a rare investment and development opportunity in the heart of Gatineau’s Hull sector, situated just minutes from downtown Ottawa. This three-story commercial building occupies a strategic location near major government institutions, vital services, and key transportation corridors. The property is fully leased, providing immediate income to the purchaser while unlocking strong upside through approved redevelopment potential. This property is distinguished by its comprehensive development documentation, which includes fully prepared plans, specifications, studies, and permits for a proposed 20-room real estate project. The design has been approved by the Urban Planning Advisory Committee (CCU), and phases 1 and 2 of environmental assessments are completed and compliant. A CMHC MLI Select Letter of Intent has also been secured, ensuring access to advantageous financing terms. Once developed, the project’s future valuation has been appraised at approximately $4.6 million. Current zoning and the property’s central positioning create significant flexibility for adaptive reuse or new construction. Located in a high-demand rental market adjacent to shopping, dining, and government sector employment hubs, this address offers developers and investors both stability and growth prospects in one of the most dynamic corridors serving the National Capital Region.