26-unit income property located in the highly sought-after Plateau sector of Aylmer (Gatineau). Recently built high-end construction using NUDURA insulated concrete forms (ICF), providing superior energy efficiency, soundproofing, and long-term durability compared to conventional wood-frame buildings.

Unit mix:
- 4 x 3½ (1-bedroom units)
- 22 x 4½ (2-bedroom units), including 4 units with mezzanine and private rooftop terraces

Income:
- Gross scheduled income: $582,564
- Certain leases include standard market incentives (e.g., staggered rent discounts or free months) applied over the initial lease term. Rents are based on contractual lease amounts, which also serve as the basis for annual adjustments and indexation.
- Stabilized potential gross income: $616,216, reflecting full occupancy and the end of temporary incentives.
- One unit is currently vacant with a potential rent of $1,971/month, related to the recent completion of major roof works.
- Current variances are temporary and reflect a normal stabilization phase following capital improvements.

Operating expenses:
- Municipal taxes: $69,029
- School taxes: $5,050
- Electricity: $25,530
- Natural gas: $7,923
- Insurance: $16,002
- Cable / Internet: $17,230
- Maintenance: $27,521
- Common area expenses: $14,493
- Management / administration: $22,559
Total: $205,337

Financial performance:
- Net Operating Income (NOI): $410,879
- Gross yield: 7.43%
- Cap rate: 4.95%

Unit inclusions:

All units are fully equipped with refrigerator, stove, dishwasher, washer, and dryer. Each unit includes a heat pump system providing both heating and air conditioning. Heating, electricity, cable, and high-speed internet are included. Exterior storage is provided adjacent to each unit's balcony.

Building features & advantages:
- NUDURA insulated concrete form (ICF) structure for superior performance and durability
- New 2026 commercial roof (approx. $350,000 investment), supported by engineering reports and invoices
- Property integrated into a condominium structure sharing exterior maintenance costs (snow removal, landscaping, waste, parking areas, etc.)
- 29 exterior parking spaces

Finishes:

Modern PVC kitchen cabinetry, quartz countertops, ceramic backsplash, vinyl plank flooring, and ceramic tile. Contemporary bathrooms with acrylic shower bases, ceramic walls, glass panels, and floating vanities. Secure building entrance with intercom and interior mailboxes.

Conclusion:

High-quality stabilized income asset located in a strong rental demand area. Offers strong income performance, long-term durability, and near-term upside potential, with no significant CAPEX anticipated in the short to medium term.