$899,900

Investment For Sale In Billings Bridge - Alta Vista, Ottawa, Ontario

$899,900

Property Information:

Attention to all Investors. This ideal income-generating triplex is offering over a 6% NET CAP RATE and includes two spacious 3-beds apartments & a 1-bedroom apartment. Located near shopping centers, schools, public transit and access to Airport Park Way. Recent upgrades include a newer roof, newer furnace, finished basement with a new kitchen and bathroom, updated hallway with ceramic flooring, and freshly painted common areas. The property has a generous backyard, ample parking and is situated on a large corner lot. The first 3-bed apartment includes a den, balcony, dishwasher, while the second 3-bed unit features a spacious eat-in kitchen. The 1-bed basement apartment can be expanded into the utility room for additional space. Two apartments are currently rented at $2,000 per/M while the third unit rents for $1,700 per/M. Occupied by excellent tenants, with two on a month-to-month lease. BOOK YOUR SHOWING TODAY! (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Attached
  • Exterior Finish: Brick, Stucco
  • Flooring Type: Laminate, Ceramic
  • Heating Type: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit, Recreation Nearby, Shopping
  • Built in: 1960
  • Current Use: Development residential
  • Irregular: Yes
  • Lease Type: Gross
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 50.0 Feet
  • Lot Size: 50 ft X 100 ft (Irregular Lot)
  • Zoning: RESIDENTIAL
  • Sewer: Municipal sewage system
  • Parking Type: None
  • No. of Parking Spaces: 3

Courtesy of: POWER MARKETING REAL ESTATE INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.