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$899,900
Status: For Sale
INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters-tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012).
| Property Type | :Commercial |
|---|---|
| MLS Number | :X11919049 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :25 Mar, 2025 (12 Hours ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1L 5Y9
|
| Price | : $899,900 |
|---|---|
| Property Taxes | :$6919.0 |
| Tax Year | :2024 |
|---|
| Air Conditioning | :No |
|---|---|
| Heating | :Gas Hot Water |
| Cross Street | :Vanier Parkway just past Montreal Road travelling North, Right turn on Deschamps |
22 Jan, 2025
TREB #X11919049
Listed
$899,900
