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$ 799,000
Est. payment | /mo
5 Beds
3 Baths
2,000 SqFt
$ 799,000
Est. payment | /mo
5 Beds
3 Baths
2,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Square Footage 2,000 sqft
Price per Sqft $399
Subdivision 3404 - Vanier
MLS® Listing ID X13544702
Bedrooms 5
Property Description
Excellent opportunity to own a well-maintained all-brick triplex offering strong cash flow and long-term investment potential. This solid multi-family property features three self-contained units consisting of two 2-bedroom apartments and one 1-bedroom apartment, for a total of 5 bedrooms. All tenants are currently on month-to-month leases, providing flexibility for investors looking to optimize rents or owner-occupants seeking future occupancy options.The property currently generates $4,500/month ($54,000 annually) in gross rental income. Unit 1 rents for $1,500/month, Unit 2 for $1,300/month (long-term tenant of approximately 10 years), and Unit 3 for $1,700/month. Tenants are responsible for their own hydro, while the building is heated by a central boiler system. Additional utility features include four separate gas meters and three individual hot water tanks, one servicing each unit.Several major capital improvements have already been completed, including foundation underpinning (2012), new roof drain and re-routing of the drain pipe (2019), and renovations to the front common area with new carpet, drywall and insulation (2019). Bathrooms in Units 1 and 2 have also been tastefully renovated.Additional features include shared laundry, 4 rear parking spaces, and 4 private storage lockers, adding convenience and value for tenants.Whether you're an experienced investor or looking to add a quality income property to your portfolio, 734 De L'Église Street offers reliable income, solid building systems, and future upside in a well-established Ottawa neighbourhood. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by RE/MAX HALLMARK REALTY GROUP