INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters-tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012). (id:6673)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | X11919049 |
| Property Type | Multi-family |
| Community Name | 3402 - Vanier |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 3648 Sqft |
| SizeInterior | 3648 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 64 Ft ,3 In |
| SizeFrontage | 56 Ft ,10 In |
| SizeIrregular | Bldg=56.91 X 64.26 Ft |
| SizeTotalText | Bldg=56.91 X 64.26 Ft |
| ZoningDescription | R4au |
Contact us for more information
Dale J. Way
Salesperson
Rose Zeidan
Broker
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