255 FRECHETTE Street, Ottawa, Ontario K1L7T3
Listing courtesy of ENGEL & VOLKERS OTTAWA CENTRAL.
- $895,000
- List Price
- $895,000
- MLS®
- 1363287
- Days on Market
- 59
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Lot Size Dimensions
- 0.15
- Lot Size
- 6,534
- Subdivision
- Vanier North
Property Description
Spanning a generous 600.42 sq m R4-zoned lot, this well-maintained fourplex stands at the forefront of Vanier North' rapidly gentrifying landscape. Strategically situated just two blocks from Beechwood Avenue, residents enjoy easy access to a vibrant array of restaurants, shops, and amenities. The property boosts an abundance of parking, a rear patio, 4 storage lockers, and a shed. With the annual revenue of $63,972 (see rep remarks for pending increases) and manageable operating costs of $20,427, this investment offers substantial and consistent returns. Diverse unit mix (batchelor-3 bedrooms), reliable tenants and good community spirit. The neighbourhood has witnessed a surge in new constructions. The property lot has substantial development potential, further enhanced by new provincial regulations. It is potentially feasible to add four additional units to the existing fourplex; buyer to verify. Viewings: Wed, Thu, Sat 4-6 pm, 48-hr notice. (id:5764)
/u.realgeeks.media/agentinottawa/i-want-to-see-this-listing.png)
Additional Information
- Subdivision
- Vanier North
- Parking Spaces
- 10
- Cooling
- None
- Country
- Canada
- Flooring
- Tile, Hardwood
- Sewer
- Municipal sewage system
- Heating
- Forced air, Natural gas
- Lot Features
- Balcony
- Total Number Of Units
- 4
- Stories
- 3
- Lot Size
- 6,534
