Updated and meticulously maintained 5-plex 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 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% cap rate today for well below the cost to acquire land, pay development/permit fees and construction costs. 5 x stoves, 5 x fridges, 2 x dishwashers. (id:47421)
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Detailed Information
Lot
57.08 x 72.5 ft
Listing Contract Date
2024-05-02
Management Company
N/A -
Municipal ID
042470078
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4UA
Building
Constructed Date
1959
Exterior Finish
Brick, Stucco
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Stories Total
2
Utility Water
Municipal water
Land
Total Size
57.08 ft X 72.47 ft
Sewer
Municipal sewage system
Size of Irregular Land
57.08 ft X 72.47 ft
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