Listing ID: 1391163  
$17,950,000

253-259 YORK STREET

SLEEPWELL REALTY GROUP LTD

  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
  • 253-259 YORK STREET
253-259 YORK STREET, Ottawa, Ontario, K1N5T9
Property TypeMulti-family

Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:16400)


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Details
Management Companyna - OwnershipFreehold
Parking Spaces8 TransactionFor sale
Zoning DescriptionR4UD[2923]-c
Building
CoolingUnknown Exterior FinishVinyl
FoundationBlock Heating FuelNatural gas
HeatingHot water radiator heat, Radiant heat Storeys Total3
Utility WaterMunicipal water
Land
Size Frontage132 ft ,1 in SewerMunicipal sewage system
Size Irregular132.06 ft X * ft (Irregular Lot)

Listing Office: SLEEPWELL REALTY GROUP LTD

Data Provided by Ottawa Real Estate Board

Last Modified :28/06/2024 05:13:05 PM

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