327 SOMERSET STREET E, Ottawa, Ontario, K1N 6W4

$1,899,000

MLS® # 1411468

Investment For Sale In Sandy Hill - Ottawa East, Ottawa, Ontario

$1,899,000

Property Information:

CAP RATE 7.29% CASH FLOW! Centrally located & TURNKEY Investment Property offering excellent rental income. With an impressive annual net income of $139,469, this ideal property provides steady returns without the need for immediate repairs and renovations, and provides room for growth. Situated in Sandy Hill, one of Ottawa’s most desirable rental market zone, the property is within walking distance to the University of Ottawa, LRT, Rideau Canal, Byward Market, Rideau River, and various parks. Owned for 15 years and meticulously maintained, the property showcases its character with historic mouldings, hardwood floors, vaulted ceilings, abundant natural light, and covered balconies. Located on a major bus route and with convenient access to all amenities, this property is in a prime location to enhance or start your investment portfolio! (id:27)

Building Features:

  • Style: Multiplex
  • Exterior Finish: Brick
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 71.3 Feet
  • Lot Frontage: 33.3 Feet
  • Lot Size: 33.33 ft X 71.33 ft
  • Zoning: R4UB[480]-c
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 2

Courtesy of: RIGHT AT HOME REALTY, KELLER WILLIAMS INTEGRITY REALTY

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

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