Quick Summary
Quick Summary
- Centrally located near shopping, transit, schools
- Recently upgraded kitchens, appliances, bathrooms
- Updated windows and recently replaced roof
- Each unit has storage locker and parking
- Common laundry room with income potential
- Excellent tenants and easy to manage building
- High density zoning for expansion potential
- Appealing 5.4% cap rate below development costs
Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and\r\nthe downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances,\r\nbathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement\r\nalong... Show More
Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and\r\nthe downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances,\r\nbathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement\r\nalong with surfaced parking, as property has wide double lane driveway. Common laundry room in basement has\r\npotential for additional laundry income. Property has 6 hydro meters with each apartment on an individual meter\r\npaying their own hydro. Excellent tenants and easy to maintain and manage building. Lot has space and high\r\ndensity R4UA zoning for the potential to extend building, add additional structure or future building potential. Why\r\nbuy land and develop, when you can buy and earn income at an appealing 5.4% cap rate today for well below the\r\ncost to acquire land, pay development/permit fees and construction costs. 5x stoves, 5x fridges, 2x dishwashers. (id:54626)
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