| Property TypeMulti-family | Built in1902 |
|
Fantastic 6.1% CAP 4plex with opportunity to increase cashflow by approx. $33K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth. All suites are tenanted on 1 master lease and not rented by the room. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill neighbourhood. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining. (id:16400) Please visit : Multimedia link for more photos and information |
| Amenities NearbyPublic Transit, Recreation Nearby, Shopping | LeaseOther, See Remarks |
| Parking Spaces4 | TransactionFor sale |
| Zoning DescriptionRES |
| Basement DevelopmentPartially finished | BasementFull (Partially finished) |
| Constructed Date1902 | Construction Style AttachmentAttached |
| CoolingCentral air conditioning | Exterior FinishBrick, Siding |
| FlooringLaminate, Tile | Heating FuelNatural gas |
| HeatingForced air | Storeys Total2 |
| TypeFourplex | Utility WaterMunicipal water |
| Size Frontage39 ft ,11 in | AmenitiesPublic Transit, Recreation Nearby, Shopping |
| SewerMunicipal sewage system | Size Depth101 ft ,2 in |
| Size Irregular39.95 ft X 101.14 ft |
Listing Office: SLEEPWELL REALTY GROUP LTD
Data Provided by Ottawa Real Estate Board
Last Modified :22/06/2024 10:12:11 PM
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