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:4069)
| Address |
95/97 CONCORD STREET N |
| List Price |
$1,800,000 |
| Property Type |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
66.05 ft X 98.82 ft Sq. Ft. |
| Year Built |
1877 |
| MLS® Number |
1391393 |
| Listing Brokerage |
CENTURY 21 SYNERGY REALTY INC
|
| Postal Code |
K1S0Y7 |
| Zoning |
R4UD |
