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Fourplex in Castle Heights

Asking Price $1,070,000
MLS# – 1389797

Rooms & Sizes

Description

Updated and meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks & the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement along with surfaced parking, as property has wide double lane driveway. Common laundry room in basement has potential for additional laundry income. Property has 6 separate hydro meters with each apartment on an individual meter paying their own hydro. Excellent tenants and easy to maintain and manage building. Lot has space and high density R4UA zoning for the potential to extend building, add additional structure or future building potential. Why buy land and develop, when you can buy and earn income at an appealing 5% cap rate today for well below the cost to acquire land, pay development/permit fees & construction costs. 5 x stoves, 5 x fridges, 2 x dishwashers. (id:52884)

Features

None

FinishedFull

BrickStucco

Surfaced

Municipal sewage system

Fully serviced

CeramicLinoleum

Flat site

Family Oriented

Smoke Detectors

Municipal water

Map

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    Last Updated
    05/02/2024
    Data Provider
    Ottawa Real Estate Board
    Listing Office
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