203 Boul. de l'Hôpital · 6-unit multifamily

203 Boul. de l'Hôpital is a 6-unit 6-unit multifamily in Gatineau, QC, asking $1,450,000 — $241,667 per door.

That lands inside the Gatineau band of $185k - $320k per door, so the ask is not the thing that decides this deal — the rent roll is. Gatineau cap rates screen 4.6% - 5.9% and average rent runs about $1,700 a door.

At 6 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

Gatineau offers lower entry pricing near Ottawa demand, with Quebec lease rules and local management as key diligence items. Investor demand reads medium, vacancy tight.