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403 Peach Tree Ln

Peach Tree Ln, East End, Ottawa, ON, K1K 2R7

-
Beds
-
Baths
$1,369,000
List Price
Details
Photos
24
Comparables
History
403 Peach Tree Ln, Ottawa, ON - 1 of 3
403 Peach Tree Ln, Ottawa, ON - 2 of 3
403 Peach Tree Ln, Ottawa, ON - 3 of 3
New
3 days on market

Quick Summary

  • Turnkey triplex with significant upside
  • Zoning allows for additional 3 bachelor units
  • Flat roof enables easy conversion to 6-plex
  • Upper unit rents for $2,800/month
  • Main unit rents for $2,400/month
  • Basement unit rents for $2,200/month
  • Additional $275/month from parking and laundry
  • Current cap rate of 5.27%

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the... Show More

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:54626)

Property Details

Parking

5 Parking Spaces
Surfaced

Lot

Size
671′0″ * 1197′12″
Acres
-

Build

Year Built
1959
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
-
Builder Name
-
Stories
2
Flooring
Hardwood, Laminate
Roof
-

Heating & Cooling

Heating
Baseboard heaters, Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Source

Listing Brokerage

MLS® Listing
1418857
Last Updated
November 1, 2024
Brokerage
RARE REAL ESTATE INC.
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Call us 800-591-0566

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