Properties

Unbelievably sound investment in one of Ottawa’s most vibrant neighborhoods.  This stately brick triplex has been tweaked to generate more income than the majority of buildings of this type regardless of location.  Annual income is $76,478.00 and the expenses are $11,782.00.  With a Net Income of $64,696.00 this building produces a healthy 6.24% capitalization rate.  Lower level is a heavily updated one bedroom with separate entrance, Main floor 2 bedroom unit is very spacious and can easily be used as a 3 bedroom unit which would easily add another $9000.00 per year.  And the second and third levels are leased as a 5 bed, 1 bath shared unit with 5 individual gross leases.  Zero vacancies.  Easy to manage as a fully tenanted investment or owner occupy and in an unbeatable location just a short walk to Byward Market, Ottawa U and the core.  No parking means additional savings with no snow removal expenses…  This one has more potential and makes abnormally high revenues thanks in part to it’s layout and the unique services bundled by the owners who are relocating.  Call to get more info at 613-238-2801.