3,500 sqft
Fully Air Conditioned
Hot Water Radiator Heat, Radiant Heat
$1,425,000
Exceptional opportunity to own a turnkey 5-unit income property in sought-after Rideau Gardens, just steps from the scenic Rideau River and Brighton Beach Park. The building offers a unit mix of four 1-bedroom apartments and one spacious 4-bedroom unit, appealing to a wide tenant base. Four of the five units are tastefully renovated, making this a true turnkey investment at a 6.3% CAP rate! One of the 1-bedroom units can be vacant upon possession, providing flexibility for an owner-occupier or the opportunity to set market rent. Located in a quiet, established neighborhood with easy access to parks, pathways, transit, and amenities, the property also features parking for five vehicles - a rare and valuable bonus in this prime location with spectacular views from large balconies. A strong, income-producing asset in one of Ottawa's most desirable river-adjacent communities (id:63476)
Property Details
|
MLS® Number |
X13477544 |
|
Property Type |
Multi-family |
|
Community Name |
4404 - Old Ottawa South/Rideau Gardens |
|
Equipment Type |
Water Heater, Furnace |
|
Rental Equipment Type |
Water Heater, Furnace |
Building
|
Appliances |
All |
|
Cooling Type |
Fully Air Conditioned |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Hot Water Radiator Heat, Radiant Heat |
|
Size Interior |
3,500 Sqft |
|
Type |
Multi-family |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
No |
|
Size Depth |
81 Ft |
|
Size Frontage |
40 Ft |
|
Size Irregular |
40 X 81 Ft |
|
Size Total Text |
40 X 81 Ft |
|
Zoning Description |
R2r[1474], Unassigned |