New listing in the Centretown/Golden Triangle neighbourhood in Ottawa, right near downtown.

Price is $950,000, offers reviewed Jan. 17th at 1:00 pm.

437 Elgin Street, Ottawa, ON K2P 1N5, is a 3-storey end-unit townhouse triplex. Just a short distance from the canal, across from a park and the Museum of Nature, it's located at the south end of Elgin Street, between Argyle and Park Avenues. Completely renovated in the ‘80s, it has modern plumbing, electrical, insulation and finishes beneath its period exterior.

Apartment #1 is  2 Bedrooms and 1.5 bathrooms on 2 floors newly renovated in 2021.

  • Includes 5 appliances (fridge, stove, dishwasher, washer, dryer)
  • Repainted throughout in 2021
  • Modern kitchen, energy efficient lighting and fireplace.
  • Luxurious Bathroom renovation with walk-in shower
  • Walk thru closet and new laundry appliances (2017) on second floor
  • All new windows including fire rated glass,  fire shutters and soundproof option on street facing windows.
  • Newer broadloom on second floor

Apartment #2 is 1 Bedroom with skylight and views of park and museum

  • Includes 5 appliances (fridge, stove, dishwasher, washer, dryer)
  • Hardwood floors
  • Woodburning fireplace (Wett certified 2002)
  • Eat in Kitchen bar area.

Apartment #3 is a Large Basement Bachelor with an efficient pullman style alcove for a twin bed.

  • Includes 7 appliances (fridge, freezer, dishwasher, convection microwave, cooktop, washer and dryer)
  • Tile and Hardwood floors
  • Many built in cabinets and bookshelves.
  • Spacious layout with kitchen bar area.
  • Decorative copper fireplace.

Exterior

  • Roof, tar and gravel, replaced 2017
  • Skylight replaced 2012
  • Masonry inspection and repairs 2021

Fire Retrofit

  • December 2021
  • Fireproof windows and Fire Shutters ~$23,000

Common Areas

  • New Carpet 2021

Revenue

  • Main Unit #1 (unoccupied) $2,000 projected
  • Apt #2, $1,007 actual
  • Apt #3 (unoccupied) $1,100 projected
  • Parking $150 projected – allocated to Apt. 1

Expenses

$10,800 Insurance, taxes, water/sewer & snow removal

Net Operating Income $40,284