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253-259 York Street

York St, Old City, Ottawa, ON, K1N 5T9

-
Beds
-
Baths
$17,950,000
List Price
Details
Photos
11
Comparables
History
253-259 York Street, Ottawa, ON - 1 of 3
253-259 York Street, Ottawa, ON - 2 of 3
253-259 York Street, Ottawa, ON - 3 of 3
New
15 days on market

Quick Summary

  • Significant upside potential with 16-unit development
  • 14 vacant suites ready for immediate renovation
  • Projected NOI of $831,303 with room for growth
  • Diverse unit mix with 2 bed and 14 studio suites
  • High demand location with stable cash flow
  • Necessary approvals obtained for development
  • 14 additional units turning over in September 2024
  • Individual hydro meters for all units

Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue... Show More

Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:54626)

Property Details

Parking

8 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Vinyl
Foundation
Block
Builder Name
-
Stories
3
Flooring
-
Roof
-

Heating & Cooling

Heating
Hot water radiator heat, Radiant heat
Cooling
Unknown

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
1391163
Last Updated
May 19, 2024
Brokerage
SLEEPWELL REALTY GROUP LTD
Powered by: REALTOR.ca
Call us 800-591-0566

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