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$999,999
Status: For Sale
Updated & meticulously maintained 5-plex (R4UA zoning) centrally located near shopping, transit, schools (uOttawa), parks and the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement along with flexible surfaced parking, as property has wide double lane driveway. Common laundry room in basement has potential for additional laundry income. Property has 6 hydro meters with each apartment on an individual meter paying their own hydro. Excellent tenants and easy to maintain and manage building. Lot has space and high density R4UA zoning for the potential to extend building, add additional structure or future building potential. Why buy land and develop, when you can buy and earn income at an appealing 5.4% cap rate today for well below the cost to acquire land, pay development/permit fees and construction costs. 5x stoves, 5x fridges, 2x dishwashers. **EXTRAS** 5x stoves, 5x fridges, 2x dishwashers, 6 hydro meters
| Property Type | :Residential |
|---|---|
| MLS Number | :X11951497 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :11 Mar, 2025 (9 Days ago) |
| Source | :TRREB |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1L 6V6
|
| Price | : $999,999 |
|---|---|
| Property Taxes | :$5725.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :5 + |
|---|---|
| No. of Rooms | :15 |
| Air Conditioning | :None |
| Heating | :Radiant |
| Cross Street | :Mcarthur Ave to Brant St. |
| Bathrooms | :5 |
|---|---|
| Fuel | :Gas |
| Exterior Finish | :Other |
|---|---|
| Parking Space | :3 |
| Basement | :Other |
| Garage | :None |
|---|
02 Feb, 2025
TREB #X11951497
Listed
$999,999
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