Updated and meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks & 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 separate 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 & 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
Amenities Nearby
Public Transit, Shopping
Community Features
Family Oriented
Features
Flat site
Lease Type
Net
Listing Contract Date
2024-05-02
Municipal ID
042470078
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4UA
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1959
Construction Style (Attachment)
Attached
Cooling Type
None
Exterior Finish
Brick, Stucco
Fire Protection
Smoke Detectors
Flooring Type
Linoleum, Ceramic
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Utilities
Type
Description
Fully serviced
Available
Land
Total Size
57.08 ft X 72.47 ft
Amenities
Public Transit, Shopping
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
57.08 ft X 72.47 ft
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