292 Altha Avenue, Ottawa, Ontario K1L7C5

$995,000
List Price
$995,000
Price Change
▼ $95,000 1603179346
MLS® #
1213492
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Central Vanier

Property Description

Updated 4-Plex located in an area great for investment. All units have in suite laundry, updated bathrooms, and beautiful kitchens. There has been multiple other upgrades including: 3 units newly renovated, new flat roof in 2019, and new boiler chimney liner. Unit 1 lower level is on a lease for $1440/month, unit 2 upper level is month-to-month for $745/month, unit 3 upper level is on a lease for $1575/month, & unit 4 lower level is on a lease for $1390/month. Each tenant pays their own hydro. There are a total of 8 parking spots currently bringing in aprox. $5,000, but currently not rented at full capacity. Current cap rate is high which makes this a no brainier investment. This property sits on a unique R5 zoning, which allows for possible future redevelopment or expansion. (id:2579)

Additional Information

Heating Fuel
Natural gas
Subdivision
Central Vanier
Parking Spaces
8
Levels
2
Country
Canada
Flooring
Hardwood, Laminate
Sewer
Municipal sewage system
Frontage Length
40 ft
Heating
Hot water radiator heat
Total Number Of Units
4
Stories
2

Listing courtesy of BLUE PANDA REALTY 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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