108 KING EDWARD AVENUE, Ottawa, Ontario K1N7K8
Listing courtesy of GRAPE VINE REALTY INC..
- $1,300,000
- List Price
- $1,300,000
- MLS®
- 1337661
- Days on Market
- 40
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Lot Size Dimensions
- 24.02 ft X 99 ft
- Subdivision
- Lower Town
Property Description
A well-maintained, steady income-generator in a central location that consistently attracts respectful, long-term tenants. 2022 brought in a predictable $77,916 Gross resulting in, after expenses, an attractive 4.6% CAP rate. Directly across from beautiful Bordeleau Park, the property is a short walk to the Byward Market and the city centre, ensuring consistent demand for its apartments, as well as two parking spots in the detached carport. The main floor is the building's original 'signature' unit, a 1bed+den renting for $1925, including electricity. An attractive, newly-built, two bed basement apt rents for $1900, furnished, and including electricity. The upper floor consists of two 1bed apts, renting for $1670 and $1505, both plus electricity. Included in the sale: all appliances, furnishings for the basement apt and garden equipment. Other features: modern windows, upgraded electrical panel and furnace, and consistent maintenance to the building's roof and entry. (id:25314)
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Additional Information
- Subdivision
- Lower Town
- Parking Spaces
- 2
- Cooling
- None
- Country
- Canada
- Flooring
- Mixed Flooring
- Sewer
- Municipal sewage system
- Heating
- Forced air, Natural gas
- Total Number Of Units
- 4
