INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters- 5 of the tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC, but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012).
MLS# | X11919049 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 98 |
Listing Provided By | RIGHT AT HOME REALTY | X11919049 501700 |
SQ Feet | 3,648 |
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Acreage | 0.08 |
Province | ON |
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County | Ottawa |
City | Vanier and Kingsview Park |
Postal Code | K1L 5Y9 |
Area | 3402 Vanier |
Listing VS Median (In K1L 5Y9) | |
Price: $899,900 low | high Med: $899,900 SqFt: 3,648 low | high Med: 3,648 $ / SqFt: $247 low | high Med: $247 On site: 98 low | high Med: 98.000000 |