95/97 Concord Street N Ottawa, Ontario K1S 0Y7
$1,850,000
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:49542)
Property Details
| MLS® Number | 1391393 |
| Property Type | Multi-family |
| Neigbourhood | SANDY HILL |
| Parking Space Total | 7 |
Building
| Constructed Date | 1877 |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat, Radiant Heat |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 98 Ft ,10 In |
| Size Frontage | 66 Ft ,1 In |
| Size Irregular | 66.05 Ft X 98.82 Ft |
| Size Total Text | 66.05 Ft X 98.82 Ft |
| Zoning Description | R4ud |
https://www.realtor.ca/real-estate/26890053/9597-concord-street-n-ottawa-sandy-hill
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May 14 2024 04:11:45
Ottawa Real Estate Board