Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment. |
Price | $1,699,000 |
Taxes: | $11712.00 |
Tax Type: | Annual |
Occupancy: | Tenant |
Address: | 329 Richelieu Aven , Vanier and Kingsview Park, K1L 6J7, Ottawa |
Postal Code: | K1L 6J7 |
Province/State: | Ottawa |
Directions/Cross Streets: | Mona Avenue |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 0 | |
Washroom Type 2 | 0 | |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Category: | Apartment |
Building Percentage: | T |
Total Area: | 3620.00 |
Total Area Code: | Square Feet |
Management Expense: | 4821 |
Water Expense: | $3605 |
Expenses Actual/Estimated: | $Act |
Washrooms: | 0 |
Heat Type: | Gas Hot Water |
Central Air Conditioning: | No |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX HALLMARK SAM MOUSSA REALTY |
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Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Ottawa |
Municipality: | Vanier and Kingsview Park |
Neighbourhood: | 3404 - Vanier |
Tax: | $11,712 |
Fireplace: | N |