250 Russell Avenue, Ottawa, Ontario K1N7X5

Listing courtesy of EXP REALTY.

$1,349,900
List Price
$1,349,900
Price Change
▼ $50,100 1632891820
MLS®
1259152
Days on Market
46
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Sandy Hill

Property Description

Calling all investors, contractors or anyone looking for a fall/winter project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms, this property is technically a triplex with a non-conforming 4th unit. Unit 1 is 4 bedrms. Units 2, 3 & 4 are all 3 bedrms. If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.5%). Updates include roof 2020, all windows 2021. 24 hours' notice for showings on Tenant occupied units. Currently 11 out of 13 rooms are leased. (id:2579)

Additional Information

Heating Fuel
Natural gas
Subdivision
Sandy Hill
Parking Spaces
6
Levels
3
Country
Canada
Flooring
Carpeted, Tile, Vinyl
Sewer
Municipal sewage system
Frontage Length
33 ft
Heating
Hot water radiator heat
Total Number Of Units
4
Stories
3

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks