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329 Richelieu Avenue Ottawa, Ontario K1L 6J7

3620 sqft
Hot Water Radiator Heat Acreage

$1,699,000

Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment. (id:6673)

Property Details

MLS® Number X12070226
Property Type Multi-family
Community Name 3404 - Vanier

Building

Appliances All
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
SizeInterior 3620 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage Yes
SizeIrregular 42.45
SizeTotal 42.45 Ac
SizeTotalText 42.45 Ac
ZoningDescription R4ua

https://www.realtor.ca/real-estate/28138872/329-richelieu-avenue-ottawa-3404-vanier

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Sam Moussa
Broker of Record


RE/MAX Hallmark Sam Moussa Realty
700 Eagleson Rd South Unit 105
Kanata, Ontario K2M 2G9