8
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$1,200,000
Est. payment /mo
Active
668 Cooper ST Ottawa, ON K1R 5J4
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4102 - Ottawa Centre
MLS Listing ID X12463814
Annual Tax Amount $13,357
Tax Year 2024
Property Sub-Type Investment
Property Description
Introducing 668 Cooper Street, a fully turnkey fourplex that blends timeless character with thoughtful modern upgrades. With more than $120,000.00 invested in renovations and a strong tenant base, this property is a solid and appealing addition to any real estate portfolio. The building features three one-bedroom apartments and one expansive two-bedroom suite. The two-bedroom unit offers two bathrooms, a gas fireplace, access to basement storage, and a private patio and yard. Each one-bedroom unit has its own charm: one includes a bright glass-enclosed balcony and kitchen, another offers a welcoming foyer with garden views and excellent storage, while the loft-style unit boasts a skylight and private rooftop terrace. Important upgrades to the property include roof sections replaced within the last 11 years, updated wiring, a newer boiler, and a fire code retrofit completed in 2003. The property offers a Gross Operating Income (GOI) of $88,080 and a Net Operating Income (NOI) of $64,976, reflecting a cap rate of 5.4%.
Location
Province ON
County Ottawa
Community 4102 - Ottawa Centre
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 29.96
Lot Depth 111.61
Others
ParcelsYN No
Listed by COLLIERS
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