278 Donald Street, Ottawa, Ontario K1K1M7

$1,589,900
List Price
$1,589,900
MLS®
1219111
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Overbrook/Castle Heights

Property Description

Unique property that has 14 bachelor units with another two units that share accommodations. Huge income that comes with a 7.34 % cap rate. Perfect for the investor looking to get a good return for the invested dollar. 24 hours notice for showings and 24 hours irrevocable on all offers. The Gross rent as of Dec 1, 2020 will be $157,320. Rents are all inclusive including Gas, Water, Hydro and Cable. The Buyer to do their own due diligence with this property. Please note zoning has recently changed from R4N to R4UC. With the current lot size you are allowed to have 9+ units and can build up to 11 metres in height. (id:2579)

Additional Information

Ownership
Freehold
Heating Fuel
Natural gas
Subdivision
Overbrook/Castle Heights
Parking Spaces
4
Levels
2
Country
Canada
Sewer
Municipal sewage system
Frontage Length
50 ft
Heating
Radiant heat
Total Number Of Units
16
Stories
2

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

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Calculator source: Real Geeks