Welcome to your next investment opportunity in downtown Ottawa! Nestled in a quiet and highly sought-after area, this multi-unit residential income property presents an exceptional chance to own a prime piece of real estate. This immaculately maintained property boasts a total of 6+1 units, all of which are currently rented out. With future potential for increased rents, and 7 parking spots this investment is primed for growth with a current 5% cap rate ensuring steady returns on your investment. You'll find this property to be one of the best-maintained buildings of its age in the area. Featuring a new boiler(2022) and separate hydro meters for all units ensuring transparency and ease of management for both landlord & tenants. This property offers a rare opportunity to own a well-maintained income-generating asset in a prime downtown location. With a solid cap rate and room for increased revenue, it's an investment that promises both stability and potential for growth. (id:6673)
MLS® Number | 1391393 |
Property Type | Multi-family |
Neigbourhood | SANDY HILL |
ParkingSpaceTotal | 7 |
ConstructedDate | 1877 |
ExteriorFinish | Brick |
FoundationType | Stone |
HeatingFuel | Natural Gas |
HeatingType | Hot Water Radiator Heat, Radiant Heat |
StoriesTotal | 2 |
UtilityWater | Municipal Water |
Acreage | No |
Sewer | Municipal Sewage System |
SizeDepth | 98 Ft ,10 In |
SizeFrontage | 66 Ft ,1 In |
SizeIrregular | 66.05 Ft X 98.82 Ft |
SizeTotalText | 66.05 Ft X 98.82 Ft |
ZoningDescription | R4ud |
Contact us for more information
Ryan Philippe
Salesperson
Curtis Murphy
Salesperson