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$ 2,180,000
Est. payment | /mo
18 Beds
1 Bath
$ 2,180,000
Est. payment | /mo
18 Beds
1 Bath
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID X9515118
Style Unknown
Bedrooms 18
Annual Tax Amount $16,389
Tax Year 2023
Property Description
Flooring: Tile, Flooring: Laminate, Fantastic 6.32% CAP, NET $137,734, 4plex with opportunity to increase cashflow by approx. $36K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth - all on master leases. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining.
Location
State ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Zoning RES
Region 4004 - Sandy Hill
City Region 4004 - Sandy Hill
Rooms
Family Room No
Basement Full, Partially Finished
Kitchen 0
Separate Den/Office 9
Interior
Interior Features Unknown
Cooling Central Air
Exterior
Parking Features Unknown
Garage Spaces 4.0
Pool None
Roof Type Unknown
Lot Frontage 39.95
Lot Depth 101.14
Total Parking Spaces 4
Building
Foundation Concrete
Others
Security Features Unknown
Pets Allowed Unknown
Listed by SLEEPWELL REALTY GROUP LTD