CAP RATE 7.29% CASH FLOW! Centrally located & TURNKEY Investment Property offering excellent rental income. With an impressive annual net income of $138,469, this ideal property provides steady returns without the need for immediate repairs and renovations, and provides room for growth. Situated in Sandy Hill, one of Ottawa’s most desirable rental market zone, the property is within walking distance to the University of Ottawa, LRT, Rideau Canal, Byward Market, Rideau River, and various parks. Owned for 15 years and meticulously maintained, the property showcases its character with historic mouldings, hardwood floors, vaulted ceilings, abundant natural light, and covered balconies. Located on a major bus route and with convenient access to all amenities, this property is in a prime location to enhance or start your investment portfolio! (id:47421)
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Listed By
RIGHT AT HOME REALTY, KELLER WILLIAMS INTEGRITY REALTY
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Detailed Information
Lot
33.33 x 71.33 ft
Listing Contract Date
2024-09-18
Management Company
Self Managed -
Municipal ID
042080292
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4UB[480]-c
Building
Exterior Finish
Brick
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
3
Utility Water
Municipal water
Land
Total Size
33.33 ft X 71.33 ft
Sewer
Municipal sewage system
Size of Irregular Land
33.33 ft X 71.33 ft
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