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$2,280,000
Est. payment /mo
7,599 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7,599 sqft
Price per Sqft $300
Subdivision 4003 - Sandy Hill
MLS Listing ID X12199201
Annual Tax Amount $21,299
Tax Year 2025
Property Sub-Type Investment
Property Description
Exceptional investment opportunity in the prime location of Sandy Hill. This well-maintained building consists of seven residential units, all 2-bedroom, 1-bath layouts. Unit #2 includes a small den. All units are bright, spacious, rich with character, and feature hardwood flooring throughout. Each unit has a deck for outdoor enjoyment, except for Unit #7. Units #1 and #2 have fireplaces, though they are not used and are not certified.Unit #2 includes an all-in-one washer/dryer, and Unit #1 has a stacked washer and dryer. A coin-operated washer and dryer are available in the basement for the remaining units. The property comfortably parks four vehicles and includes seven storage lockers and bike storage in the basement.All tenants pay their own hydro and hot water tank rental through Reliance, except for Unit #1 where the landlord pays the Reliance bill. The building is heated with hot water gas radiators. It is managed directly by the owners, with contractors hired for snow removal and pay-as-needed gardening services throughout the summer months.Current monthly rents are as follows: Unit #1 is rented at $2,379, Unit #2 at $2,400 (with one parking space), Unit #3 at $2,310 (with one parking space), Unit #4 at $2,350 (with one parking space), Unit #5 at $1,806, Unit #6 at $2,255 (with one parking space), and Unit #7 at $1,620. Rents have been increased annually in accordance with provincial guidelines. Unit #5 has remained at a lower rent due to long-term tenancy but will be vacant as of July 31, 2025, and will be used for showings.Located near the University of Ottawa, parks, restaurants, public transit, the Rideau River, and the Canal, with convenient access to Gatineau, this property is an ideal rental for students and young professionals. The units are in high demand and consistently rented out, making this an excellent investment opportunity. Heating system updated 2010. Roof updated 2016.
Location
Province ON
County Ottawa
Community 4003 - Sandy Hill
Area Ottawa
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 99.0
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Listed by RE/MAX HALLMARK REALTY GROUP