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$2,495,000
Est. payment /mo
10,539 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 10,539 sqft
Price per Sqft $236
Subdivision 2204 - Pineview
MLS Listing ID X12378118
Annual Tax Amount $9,178
Tax Year 2024
Property Sub-Type Investment
Property Description
Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $9,800 in monthly rental income (~$118,000 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside.
Location
Province ON
County Ottawa
Community 2204 - Pineview
Area Ottawa
Zoning R1WW[637]
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Unknown
Lot Frontage 79.9
Lot Depth 131.93
Others
Security Features Unknown
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Listed by REAL BROKER ONTARIO LTD.
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