19 Rue Richelieu · 5-unit multifamily

19 Rue Richelieu is a 5-unit multifamily in Gatineau, QC, asking $749,900 — $149,980 per door.

That sits below the Gatineau band of $185k - $320k per door. Gatineau cap rates screen 4.6% - 5.9% and average rent runs about $1,700 a door.

At 5 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.

The Gatineau desk underwrites vacancy at 3% - 4.5% and operating expenses at 34% - 45% of gross rent.