Savills is pleased to present an exceptional opportunity to acquire 75 Principale Street, a recently constructed multi-residential property located in the heart of the Aylmer district in Gatineau, the fourth-largest city in Québec and adjacent to Ottawa. The property offers investors a stable income stream.
The property benefits from a highly sought-after location along Principale Street, in the western sector of the city. This vibrant commercial corridor is recognized for its strong visibility, historic character, proximity to neighbourhood services, restaurants, and public transit, as well as nearby riverfront parks along the Ottawa River. This desirable location, combined with proximity to the national capital, supports residential leasing demand, contributing to the long-term stability and resilience of the asset.
The multi-residential building at 75 Principale Street, constructed in 2022, comprises a total of 85 residential units spread over five storeys, along with select ground-floor commercial spaces. The steel-and-concrete structure offers superior soundproofing and energy efficiency and includes an indoor parking garage with 84 spaces. The contemporary, climate-controlled suites feature private balconies or terraces, a full suite of modern appliances, and a range of additional amenities.
75 Principale Street represents a rare opportunity to acquire a high-quality asset requiring no short- to medium-term capital investment, located in one of Gatineau’s most sought-after sectors. Opportunity to acquire commercial buildings on same parcel, consisting of income producing hotel and commercial spaces.