292 Altha Avenue, Ottawa, Ontario K1L7C5

$949,900
List Price
$949,900
MLS® #
1163980
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size
5,227
Subdivision
Central Vanier

Property Description

Updated and Upgraded 4-Plex located on a R5 zoning allowing for potential expansion and an addition at the back of the property. This unique zoning allows multiple level building and maximum use of the land. The current building is heavily updated with 3 units newly renovated 2019, new flat roof April 2019, new boiler chimney liner June 2019. Unit 1 lower level for 1300 per/m, Unit 2 upper level rented for only 730 per/m with potential for increase with current Ottawa rates, Unit 3 upper level for 1500 per/m + $75 parking, & Unit 4 lower level rented for 1250 per/m + 50 parking. All plus Hydro Great tenant with potential for more income. Great potential for 8 parking spots income as well. Current cap rate more than 5%. Headache free building. Very rare 4 plex with all 2 bedrooms. All units have updated bathrooms, beautiful kitchens, two units have laundry units. (id:2579)

Additional Information

Heating Fuel
Natural gas
Subdivision
Central Vanier
Parking Spaces
9
Levels
1
Country
Canada
Flooring
Mixed Flooring, Hardwood
Sewer
Municipal sewage system
Frontage Length
40 ft
Heating
Hot water radiator heat
Total Number Of Units
4
Stories
1
Lot Size
5,227

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

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