Hot Water Radiator Heat, Radiant Heat
$1,800,000
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:53341)
Property Details
MLS® Number
|
1391393 |
Property Type
|
Multi-family |
Neigbourhood
|
SANDY HILL |
ParkingSpaceTotal
|
7 |
Building
ConstructedDate
|
1877 |
ExteriorFinish
|
Brick |
FoundationType
|
Stone |
HeatingFuel
|
Natural Gas |
HeatingType
|
Hot Water Radiator Heat, Radiant Heat |
StoriesTotal
|
2 |
UtilityWater
|
Municipal Water |
Land
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 |