Rare Investment Opportunity 9-Unit Multi-Family Property in Prime Downtown Ottawa! This rarely offered 9-unit investment property is a fantastic opportunity in one of Ottawa's most central and desirable neighborhoods. The building consists of 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, all featuring high ceilings, hardwood floors, and charming architectural details that add character and appeal. With below-market rents, this property presents an excellent opportunity for future rent increases, offering strong potential for greater returns. Each unit is separately metered for hydro, with tenants responsible for their own electricity, ensuring lower operational costs for the owner. The property is equipped with 9 hydro meters, 9 rented hot water tanks, and a rented natural gas boiler with radiator heating. A shared coin-operated laundry is conveniently located in the basement for additional income. The property also offers 9 surface parking spaces at the front and back, a rare feature in this prime downtown location. Sitting on over 5,800 sq. ft. of valuable downtown development land, this site holds future potential for redevelopment or expansion. Ideally situated just minutes from the Museum of Nature, Downtown Ottawa, the Rideau Canal, and the Glebe, the property is within walking distance to grocery stores, banks, parks, and public transit ensuring high demand among tenants. Don't miss this incredible opportunity to invest in a well-located, income-generating property with long-term potential!
Address
305 Waverley Street
List Price
$2,669,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
County
Ottawa
Lot Depth
98.9
Lot Type
Building
Lot Size Units
Feet
Lot Width
58.92
Frontage Length
17.96
Approx. Age
51 - 99 Years
MLS® Number
X12025303
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Postal Code
K2P 0V9
Tax Amount
$24,891.00
Tax Year
2024
Community Features
Public Transit, Recreation/Community Centre
Heat Type
Water Radiators
Cooling Features
No
Garage Type
None
