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$599,900
Status: For Sale
Rarely offered, very well maintained fourplex with just under 8% cap rate in area with low vacancy, growing population in Ottawa bedroom community/ historical town located on the RIDEAU CANAL. Building situated on massive 60' x 120' lot in sought after location with ample parking at back of building. Ground floor with recently updated 2 x 2 bedroom units, upper floor is 2 x 1 bedroom apartments. FURNACES(2013, 2022), ROOF(2022), SOFFITS AND FASCIA(2013), ALL WINDOWS(2014), CHIMNEY CAPPED(2021), SEWAGE LINE REPLACEMENT(coordinated with municipality in 2022), COMPLETE PLUMBING UPDATE WITH ABS AND COPPER, ELECTRICAL(2008), GARAGE DOOR(2023), 4 hot water tanks(all owned, 4 hydro meters. The numbers are $55884 for 2025 Gross Rent. Cashflow(after taxes, utilities, insurance) is $46375(based on 2024 costs) offering a 7.73% cap rate. A solid investment for the savvy investor.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X11946434 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :27 Mar, 2025 (21 Hours ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Lanark |
|---|---|
| Postal Code | :
K7A 3Y7
|
| Price | : $599,900 |
|---|---|
| Property Taxes | :$4444.4 |
| Tax Year | :2024 |
|---|
| Bedrooms | :6 + |
|---|---|
| No. of Rooms | :12 |
| Heating | :Forced Air |
| Cross Street | :BROCKVILLE ST AND OAK ST |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Fireplace/Stove | :No |
| Exterior Finish | :Brick, Vinyl Siding |
|---|---|
| Parking Space | :5 |
| Basement | :Full |
| Garage | :Attached |
|---|
29 Jan, 2025
TREB #X11946434
Listed
$599,900
