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$899,900
Est. payment /mo
3,648 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $246
Subdivision 3402 - Vanier
MLS Listing ID X11919049
Annual Tax Amount $6,919
Tax Year 2024
Property Sub-Type Investment
Property Description
INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters- 5 of the tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC, but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012).
Location
Province ON
County Ottawa
Community 3402 - Vanier
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 56.91
Lot Depth 64.26
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Listed by RIGHT AT HOME REALTY