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

 

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$2,200,000
Available - For Sale
Listing ID: X13869198
Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may allow future development.
Price $2,200,000
Taxes: $12,510
Occupancy by: Tenant
Address: 203-205 Marier Avenue , Vanier and Kingsview Park, K1L 5R6, Ottawa
Directions/Cross Streets: Marier Ave at Montfort St
Rooms: 20
Rooms +: 0
Bedrooms: 10
Bedrooms +: 12
Washrooms: 8
Family Room: T
Basement: Finished
Full
No. of Pieces Level
Washroom 1:  3 Basement
Washroom 2:  3 Main
Washroom 3:  3 Second
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Basement
Washroom 7:  3 Main
Washroom 8:  3 Second
Washroom 9:  0
Washroom 10:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Stucco (Plaster)
Vinyl Siding
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 5
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 3500-5000
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: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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EASY LIST REALTY LTD.

203-205 Marier Avenue , Vanier and Kingsview Park, K1L 5R6, Ottawa

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Multiplex
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
Style: 2-Storey
Lot Size: x 114.00(Feet)
Approximate Age: 51-99
Tax: $12,510
Maintenance Fee: $0
Beds: 10+12
Baths: 8
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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