9
Bedrooms
4
Bathrooms
3,000 sqft
Living Area
5
Parking
About This Property
This 9-bedroom, 4-bathroom multi-family in Ottawa offers 3,000 sqft of living area. 2 storeys. The property has lot dimensions of 63.9 x 77 FT. The home features forced air, natural gas heating, a finished, full basement. Highlights include a 5-car garage.
MLS Remarks
Income-generating property featuring two semi-detached homes, each with basement apartments, ideally located within walking distance to Algonquin College. This prime location offers easy access to LRT station(when completed), public transit, and a wide array of nearby amenities including shopping, schools, restaurants, parks, and everyday conveniences making it highly attractive to students, professionals, and long-term tenants alike. The property generates a strong gross annual rental income of $69,772.08, with tenants paying all utilities, keeping operating costs low generating higher NOI. The building is equipped with 4 hydro meters, 2 gas meters, and water sub-metering for efficient and transparent utility management. Basement units are heated by electric baseboard, while the upper units feature forced-air natural gas heating, offering independent and reliable climate control throughout.Under the City of Ottawa's proposed Official Plan, the property is anticipated to fall under MS2 H zoning, which allows for a wide range of mixed-use and intensified development options, subject to City approvals. This zoning framework provides significant long-term redevelopment and value-add potential at this highly desirable, transit-oriented location. A rare opportunity to acquire a high-performing income property with excellent holding income today and exceptional redevelopment potential for the future. (id:60351)
Inclusions
4 x stove, 4 x fridge, 2 x dishwasher, 4 x washer/dryer, all in "as is, where is condition", 2 x furnace, water sub meters,
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