Description

Price : $1,600,000.00 MLS^® : X12067049 / 95/97 CONCORD Street, GlebeOttawaEastandArea, ON K1S 0Y7

Welcome to your next investment opportunity in downtown Ottawa! Nestled in a quiet and highly sought-after area, this multi-unit residential income property presents an exceptional chance to own a prime piece of real estate. This immaculately maintained property boasts a total of 6+1 units, all of which are currently rented out. With future potential for increased rents, and 7 parking spots this investment is primed for growth with a current cap rate of over 6% ensuring steady returns on your investment. You'll find this property to be one of the best-maintained buildings of its age in the area. Featuring a newer boiler(2022) and separate hydro meters for all units ensuring transparency and ease of management for both landlord & tenants. This property offers a rare opportunity to own a well-maintained income-generating asset in a prime downtown location. With a solid cap rate and room for increased revenue, it's an investment that promises both stability and potential for growth.

Location Description

Corner of Concord St N and Havelock

Property Details

• Community: 4408 - Ottawa East
• Property Type: Tenant/Commercial
• Garages: None
• Annual Property Taxes : $ 11084

Building Features

• Parking Type : None

Features

• Heating : Radiant

Land (Lot Features)

• Frontage: 66.05 sq.ft
• Land Depth: 98.82sq.ft
• Square Footage : 0

Listing Contracted With: CENTURY 21 SYNERGY REALTY INC