+30 more
8
Bedrooms
6
Bathrooms
4,782 sqft
Living Area
2
Parking
About This Property
This 8-bedroom, 6-bathroom multi-family in Ottawa offers 4,782 sqft of living area. 3 storeys. The property has lot dimensions of 30.36 x 161.96 FT. The home features forced air, natural gas heating, fully air conditioned. Highlights include a 2-car garage.
MLS Remarks
Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income. (id:60351)
Inclusions
2 Stoves, 4 Fridges, 3 Dishwashers, 4 Washers, 4 Dryers
Overview
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