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$1,550,000
Est. payment /mo
6 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 3404 - Vanier
MLS Listing ID X12036179
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,579
Tax Year 2024
Property Sub-Type Multiplex
Property Description
LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 5.86% cap with GOI $113,892.00 and NOI $90,783.00). It has been extensively renovated, boasting a high level of security and very stable tenants. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure that generates $850 in rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed at a cost of approx 25K which would increase return of +$12,948.00 per year with a higher Net Income of approx $103,731/yr. This has a projected CAP rate 6.7% (buyer to verify). Easy to own & manage bldg!
Location
Province ON
County Ottawa
Community 3404 - Vanier
Area Ottawa
Rooms
Family Room No
Basement Apartment, Partially Finished
Kitchen 6
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Membrane
Lot Frontage 52.3
Lot Depth 86.0
Total Parking Spaces 3
Building
Foundation Concrete
Others
ParcelsYN No
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Listed by ENGEL & VOLKERS OTTAWA
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "