$3,050,000

Investment For Sale In Hintonburg - Mechanicsville, Ottawa, Ontario

$3,050,000

Property Information:

Fully rented turn-key investment opportunity in the central location near the Civic Hospital. 12 spacious, bright, apartments, all with their own entrance. 8 indoor parking spaces and 4 outdoor parking spaces. Six bachelor 1 bath and six 1 bed,1 bath units. Minutes to downtown and Carleton U, on a quiet dead-end street. Units have balconies, good parking, newer Roof, Fire retrofitted, Excellent Tenants. Walking distance to transit, shopping, restaurants and everything that this vibrant community has to offer!! -10 units completely redone between 2010-2022 -New roof 2017 Abbot roofing -balconies redone 2017 -garage closed in and two gas heaters installed. 2015 -2 New boilers 2018 -Unit 1 renovated January 2022 -Balcony railings painted, balcony parging & garage door repair November 2022. Cap rate is 4.5% (id:27)

Building Features:

  • Style: Multiplex
  • Exterior Finish: Brick, Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1970
  • Irregular: Yes
  • Lot Depth: 96.0 Feet
  • Lot Frontage: 60.0 Feet
  • Lot Size: 60 ft X 96 ft
  • Zoning: R4UB'
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 12

Courtesy of: ENGEL & VOLKERS OTTAWA

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