102 CAMBRIDGE Street North, Ottawa, Ontario K1R7A7

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$1,780,000
List Price
$1,780,000
MLS®
1359829
Days on Market
172
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size Dimensions
66 ft X 99 ft
Subdivision
West Centre Town

Property Description

TURN KEY 6-plex! Well managed and cared for by a conscientious longtime owner. Pride of ownership is apparent. Gross Effective Income $100,050, Net Operating Income $80,950. Huge addition, fire-retrofit, integrated fire alarm system, fire escape, electrical, plumbing, weeping tile, windows, doors, +++ in 2004/2006. Ongoing updates and upgrades over the years of ownership. Seven parking spots. Separate storage lockers for all units. Six apartments: 1 three-bedroom, 2 two-bedroom, 2 one-bedroom and 1 studio/bachelor. Three with in-unit laundry. Coin-op on site for the remaining three. Last unit updated was Unit 3 in 2015. Back roof shingles 2009, front 2019. Rents currently below market rate + current landlord does not charge for parking = potential 27%+ upside on income. Traffic-calmed street. 66’x99’ lot. Zoning R4UB. Call today for rent roll+details. Come make 102 Cambridge Street North your new investment! (id:5764)

Additional Information

Ownership
Freehold
Subdivision
West Centre Town
Parking Spaces
7
Country
Canada
Sewer
Municipal sewage system
Heating
Baseboard heaters, Electric
Total Number Of Units
6
Stories
3

Mortgage Calculator

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