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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,290,000
Available - For Sale
Listing ID: X12370476
Turn key property and Cash Flow from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (No snow shoveling or grass cutting) . Perfect for new or seasoned investors! Gross INCOME: $88,614/yr. OPERATING EXPENSES: $27,873/yr = NOI: $60,741 NOI. (3 rental increases scheduled over next 2 months not applied to this NOI). Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. **WE WELCOME OFFERS**
Price $1,290,000
Taxes: $10,052.55
Occupancy by: Tenant
Lot Size: 10.05 x 66.5 (Feet)
Directions/Cross Streets: Trans-Canada Hwy/ON-417 - to EXIT 118 (Nicholas St) - drive down Nicholas St - LEFT on Laurier Ave E
Rooms: 12
Rooms +: 0
Bedrooms: 6
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1:  4
Washroom 2:  4
Washroom 3:  3
Washroom 4:  3
Washroom 5:  0
Washroom 6:  4
Washroom 7:  4
Washroom 8:  3
Washroom 9:  3
Washroom 10:  0
Property Type: Fourplex
Style: 2 1/2 Storey
Exterior: Other
Garage Type: None
Drive Parking Spaces: 0
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Public Trans
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
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RE/MAX HALLMARK REALTY GROUP
Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Fourplex
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4002 - Lower Town
Style: 2 1/2 Storey
Lot Size: 10.05 x 66.50(Feet)
Approximate Age:
Tax: $10,052.55
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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