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.
Address
95/97 Concord Street N
List Price
$1,600,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Glebe - Ottawa East and Area
Sub-Area
4408 - Ottawa East
County
Ottawa
Lot Depth
98.82
Lot Type
Building
Lot Size Units
Feet
Lot Width
66.05
Frontage Length
20.13
MLS® Number
X12067049
Listing Brokerage
CENTURY 21 SYNERGY REALTY INC
Postal Code
K1S 0Y7
Tax Amount
$11,084.00
Tax Year
2024
Heat Type
Radiant
Cooling Features
No
Garage Type
None
