property image
CA$1,474,900

Description

Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.94% cap). It has been extensively renovated and offers tenants a high level of security. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry, added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10,680/yr + higher Net Income approx $99,801.00/yr with projected CAP rate 6.65% (buyer to verify). Easy to own & manage bldg!

engel & völkers shop image

Engel & Völkers

Your advisor: Jacen Matthews

Property ID: AM-5041127

Property details

Property type

House

Contact the provider

Get more information about this property

Country

I agree with the processing of my data for the purpose of searching for properties and being contacted by Engel & Völkers Ottawa Glebe. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data Engel & Völkers Ottawa Glebe stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

  • Manotick, Ottawa, Ontario, Canada

    CA$1,749,900

    • 4 Bedrooms
  • Manotick, Ottawa, Ontario, Canada

    CA$1,725,000

    • 5 Bedrooms
  • Playfair Park - Lynda Park - Guildwood Estates, Ottawa, Ontario, Canada

    CA$1,700,000

    • 5 Bedrooms
  • Vanier, Ottawa, Ontario, Canada

    CA$1,699,900

  • Manotick, Ottawa, Ontario, Canada

    CA$1,699,000

    • 4 Bedrooms
  • Chelsea, Quebec, Canada

    CA$1,699,000

    • 4 Bedrooms3 Bathrooms
  • Ottawa, Ontario, Canada

    CA$1,699,000

    • 3 Bedrooms3 Bathrooms
  • Westboro, Ottawa, Ontario, Canada

    CA$1,699,000

    • 6 Bedrooms5 Bathrooms
  • Manotick, Ottawa, Ontario, Canada

    CA$1,699,000

    • 4 Bedrooms3 Bathrooms
  • Westboro, Ottawa, Ontario, Canada

    CA$1,699,000

    • 6 Bedrooms5 Bathrooms
  • District d'Aylmer, Gatineau, Quebec, Canada

    CA$1,688,800

    • 7 Bedrooms3 Bathrooms
  • Masson-Angers, Gatineau, Quebec, Canada

    CA$1,685,000

    • 18 Bedrooms1 Bathroom
Houses for sale in Ottawa

Your shop

Engel & Völkers

engel & völkers shop image

Provider:

Engel & Völkers Ottawa Glebe

wavy pattern