$ 1,800,000
95/97 CONCORD STREET N Ottawa, ON K1S0Y7
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$ 1,800,000
Est. payment | /mo
$ 1,800,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Sandy Hill
MLS® Listing ID 1391393
Originating Board Ottawa Real Estate Board
Year Built 1877
Property Description
Welcome to your next investment opportunity in downtown Ottawa! Nestled in a quiet and highly sought-after area, this multi-unit residential income property presents an exceptional chance to own a prime piece of real estate. This immaculately maintained property boasts a total of 6+1 units, all of which are currently rented out. With future potential for increased rents, and 7 parking spots this investment is primed for growth with a current 5% cap rate ensuring steady returns on your investment. You'll find this property to be one of the best-maintained buildings of its age in the area. Featuring a new boiler(2022) and separate hydro meters for all units ensuring transparency and ease of management for both landlord & tenants. This property offers a rare opportunity to own a well-maintained income-generating asset in a prime downtown location. With a solid cap rate and room for increased revenue, it's an investment that promises both stability and potential for growth. (id:24570)
Location
Province ON
Interior
Heating Hot water radiator heat, Radiant heat
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by CENTURY 21 SYNERGY REALTY INC
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