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$1,149,900
Est. payment /mo
6 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 0 - 699
Subdivision 4001 - Lower Town/Byward Market
MLS® Listing ID X13064832
Bedrooms 6
Property Description
Discover a rare investment opportunity in the heart of Ottawa's historic ByWard Market. This charming and meticulously maintained 5-unit income property, zoned R4S, offers exceptional potential for investors looking to expand their portfolio in a high-demand location. Proudly cared for by long-time owners, the building boasts a strong rental history with zero vacancy and consistent demand from long-term tenants. Tucked just off Sussex Drive in a quiet, sought-after pocket, the property features four one-bedroom units and one two-bedroom unit. The main level includes a spacious two-bedroom unit with dual entry, along with a one-bedroom unit also offering front and private rear access. The upper level hosts three distinct one-bedroom units, each with its own layout and charm, including a bright and spacious suite filled with natural light. Additional income potential is provided by coin-operated laundry, while tenants benefit from private storage lockers and a secure rear shed for garbage and recycling. Fire retrofit certificate issued by Ottawa Fire Services in 2023. Fully tenanted and ideally located, this is a turnkey asset with strong cash flow and long-term upside, an excellent addition to any real estate portfolio. Located just 5 minutes from Parliament, Major's Hill Park, Bruyère Hospital, the Canadian Mint, Alexandra Bridge, the ByWard Market, and more. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features Yes
Community Features Community Centre
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by EXIT REALTY MATRIX
NEARBY SCHOOL & BUSINESS
343 PRESTON STREET, 11TH FLOOR, OTTAWA, Ontario, K1S1N4