305-307 Boul. St-Joseph · 11-unit multifamily

305-307 Boul. St-Joseph is a 11-unit 11-unit multifamily in Gatineau, QC, asking $1,500,000 — $136,364 per door.

That sits below the Gatineau band of $185k - $320k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. Gatineau cap rates screen 4.6% - 5.9% against average rent near $1,700 a door.

At 11 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.