Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available. (id:47421)
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Detailed Information
Lot
61.08 x 95.83 ft
Listing Contract Date
2024-09-11
Management Company
Self-Managed -
Municipal ID
042030171
Ownership Type
Freehold
# of Parking Spaces
7
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3P
Building
Constructed Date
1950
Exterior Finish
Brick, Concrete, Wood siding
Foundation Type
Poured Concrete
Heating Fuel
Other
Heating Type
Hot water radiator heat
Stories Total
2
Utility Water
Municipal water
Land
Total Size
61.1 ft X 95.8 ft
Sewer
Municipal sewage system
Size of Irregular Land
61.1 ft X 95.8 ft
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