205 Ethel Street, Ottawa, Ontario K1L5X1

$439,000
List Price
$439,000
MLS® #
1171463
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Vanier

Property Description

Centrally located 4 unit building with a Walk Score of 87 and a CAP Rate of 6.77% with good upside due to low rents and parking tenants. Unit composition is 2x 2 Bedroom & 2 x 1 Bedroom mix. Walking distance to shops, restaurants & close proximity to transit & downtown making it ideal for all types of tenants. Three units are currently rented and one vacant unit available for easy showing. Units have the following rents; Unit 203A 1 BD = $600, Unit 205 2BD $950, Unit 205A 2BD $850, Unit 203 1BD VACANT $750. Tenants pay their own heat/hydro & HWT rental. Landlord pays for water, property tax, insurance, and thats it! Easy to maintain and ideal for investors looking for cashflow, upside rent potential, land with R4 zoning for future development, or live-in landlord. This fourplex is cheaper then row-units currently for sale! Do not miss out. Why not live in one unit and rent out the rest in an R4 zoned property with amazing future upside? (id:2579)

Additional Information

Heating Fuel
Natural gas,
Subdivision
Vanier
Parking Spaces
4
Levels
2
Country
Canada
Flooring
Wall-to-wall carpet, Mixed Flooring, Laminate, Linoleum
Sewer
Municipal sewage system
Frontage Length
33 ft
Heating
Baseboard heaters, Other
Total Number Of Units
4
Stories
2

Listing courtesy of EXP REALTY OF CANADA INC..

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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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