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. No conveying offers before 17th Sep, offer presentation on the 17th Sep at 6:00 pm. (id:2579)
Listing courtesy of ROYAL LEPAGE TEAM REALTY.
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