Welcome to your next investment opportunity in downtown Ottawa! Nestled in a quiet and highly sought-after area, this multi-unit residential income property presents an exceptional chance to own a prime piece of real estate. This immaculately maintained property boasts a total of 6+1 units, all of which are currently rented out. With future potential for increased rents, and 7 parking spots this investment is primed for growth with a current 5% cap rate ensuring steady returns on your investment. You'll find this property to be one of the best-maintained buildings of its age in the area. Featuring a new boiler(2022) and separate hydro meters for all units ensuring transparency and ease of management for both landlord & tenants. This property offers a rare opportunity to own a well-maintained income-generating asset in a prime downtown location. With a solid cap rate and room for increased revenue, it's an investment that promises both stability and potential for growth. (id:49993)
| MLS® Number | 1391393 |
| Property Type | Multi-family |
| Neigbourhood | SANDY HILL |
| ParkingSpaceTotal | 7 |
| ConstructedDate | 1877 |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat, Radiant Heat |
| StoriesTotal | 2 |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 98 Ft ,10 In |
| SizeFrontage | 66 Ft ,1 In |
| SizeIrregular | 66.05 Ft X 98.82 Ft |
| SizeTotalText | 66.05 Ft X 98.82 Ft |
| ZoningDescription | R4ud |
https://www.realtor.ca/real-estate/26890053/9597-concord-street-n-ottawa-sandy-hill
(613) 317-2121
(613) 903-7703
www.c21synergy.ca/
(613) 317-2121
(613) 903-7703
www.c21synergy.ca/
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613-795-6801
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