36
See all 36 photos
$1,290,000
Est. payment /mo
6 Beds
4 Baths
New
Address not disclosed Lower Town - Sandy Hill, ON K1N 8G8
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4002 - Lower Town
MLS Listing ID X12370476
Style 2 1/2 Storey
Bedrooms 6
Annual Tax Amount $10,052
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Turn key property and Cash Flow from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (No snow shoveling or grass cutting) . Perfect for new or seasoned investors! Gross INCOME: $88,614/yr. OPERATING EXPENSES: $27,873/yr = NOI: $60,741 NOI. (3 rental increases scheduled over next 2 months not applied to this NOI). Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. **WE WELCOME OFFERS**
Location
Province ON
County Ottawa
Community 4002 - Lower Town
Area Ottawa
Rooms
Family Room No
Basement Unfinished
Kitchen 0
Interior
Interior Features Other
Cooling Window Unit(s)
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 32.96
Lot Depth 66.5
Building
Unit Features Public Transit,Park
Foundation Stone
Listed by RE/MAX HALLMARK REALTY GROUP