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.
MLS# | X9515250 |
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Listing Type | For Sale |
Style | Other |
Sub-Type | Resale |
Status | Active |
Days On Site | 8 |
Listing Provided By | CENTURY 21 SYNERGY REALTY INC | Not Provided |
Zoning | R4UD |
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Province | ON |
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County | Glebe Ottawa East and Are |
City | Glebe - Ottawa East and Area |
Postal Code | K1S 0Y7 |
Area | Ottawa |
Community Name | 4408 Ottawa East |
Listing VS Median (in 4408 Ottawa East) | |
Price: $1,800,000 low | high Med: $0 On Site: 8 low | high Med: |