Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment. (id:4069)
Address
329 RICHELIEU AVENUE
List Price
$1,699,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Ottawa
Floor Area
3,620 Sq. Ft.
Lot Size
42.45 Sq. Ft.
MLS® Number
X12070226
Listing Brokerage
RE/MAX HALLMARK SAM MOUSSA REALTY
Postal Code
K1L6J7
Zoning
R4UA
