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 cap rate of over 6% 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 newer 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 | X12067049 |
| Property Type | Multi-family |
| Community Name | 4408 - Ottawa East |
| ParkingSpaceTotal | 7 |
| HeatingType | Radiant Heat |
| SizeExterior | 6512.16 Sqft |
| SizeInterior | 6512 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 98 Ft ,9 In |
| SizeFrontage | 66 Ft |
| SizeIrregular | Bldg=66.05 X 98.82 Ft ; 0 |
| SizeTotalText | Bldg=66.05 X 98.82 Ft ; 0 |
| ZoningDescription | R4ud |
Contact us for more information
Ryan Philippe
Salesperson
Curtis Murphy
Salesperson
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