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 cap rate of over 6% 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 newer 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
$1,600,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Ottawa
Floor Area
6,512 Sq. Ft.
Lot Size
Bldg=66.05 x 98.82 FT ; 0 Sq. Ft.
MLS® Number
X12067049
Listing Brokerage
CENTURY 21 SYNERGY REALTY INC
Postal Code
K1S0Y7
Zoning
R4UD
