Size
-
Lot size
375.42 sqm
Street frontage
W
Possession
TBD
Price per sqm
-
Taxes
$16,389 (2023)
Parking Type
-
Style
-
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Description
Flooring: Tile, Flooring: Laminate, Fantastic 6.32% CAP, NET $137,734, 4plex with opportunity to increase cashflow by approx. $36K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth - all on master leases. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining.
EXTRAS:
EXTRAS:
Broker: SLEEPWELL REALTY GROUP LTD
MLS®#: X9515118
Property details
Parking:
4
Parking type:
-
Property type:
Fourplex
Heating type:
Forced Air
Style:
-
MLS Size:
-
Lot front:
12.19 M
Lot depth:
30.78 M
Listed on:
May 9, 2024
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Instant estimate:
orto view instant estimate
$94,352
lower than listed pricei
High
$2,189,931
Mid
$2,085,648
Low
$1,981,366
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