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320 Altha Avenue Ottawa, Ontario K1L 7C9

Fireplace None Baseboard Heaters

$1,449,000

Exceptional investment opportunity in Ottawa. Quality constructed, well managed 4-unit + bonus apt is a high earner. With concrete foundation & structural integrity, blending location with modern functionality, ensuring a stable, large cash flow. Each unit is well maintained, attracting quality tenants & ensuring consistent rental demand. The prime location allows residents to enjoy easy access to public transit, shopping & many amenities only minutes to downtown & enhances its value & appeal, making it a smart addition to any portfolio. Each unit offers a feeling of home to tenants with desirable kitchens, baths, spacious rooms & unique design. With Ottawa’s R/E market poised for future growth, this property stands out at a 6.2 Cap Rate. Don’t miss the chance to own this asset for your financial growth. Amenities include W/D in 4 units, decks, updated utilities in a high-yielding, low-maintenance investment. Please allow 24 hours showing notice to tenants. (id:6673)

Property Details

MLS® Number 1400987
Property Type Multi-family
Neigbourhood Vanier
AmenitiesNearBy Public Transit, Recreation Nearby, Shopping
ParkingSpaceTotal 3

Building

BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1952
ConstructionStyleAttachment Attached
CoolingType None
ExteriorFinish Siding
FireplacePresent Yes
FireplaceTotal 1
FlooringType Mixed Flooring
FoundationType Poured Concrete
HeatingFuel Electric
HeatingType Baseboard Heaters
StoriesTotal 2
Type Fourplex
UtilityWater Municipal Water

Land

Acreage No
CurrentUse Development Residential
LandAmenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
SizeDepth 90 Ft
SizeFrontage 40 Ft
SizeIrregular 40 Ft X 90 Ft
SizeTotalText 40 Ft X 90 Ft
ZoningDescription R4

https://www.realtor.ca/real-estate/27188912/320-altha-avenue-ottawa-vanier

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Patrick O. Smith
Salesperson


Coldwell Banker Rhodes & Company
200 Catherine St Unit 201
Ottawa, Ontario K2P 2K9

Dylan Puchniak
Salesperson


Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1