297 St Patrick Street, Lower Town - Sandy Hill, ON K1N 5K4

Lower Town - Sandy Hill K1N 5K4 Ontario

MLS: X12319517

$1,699,999

Added 38 days ago | For Sale

Listed by: SUTTON GROUP - OTTAWA REALTY

About Property

High performing 8 unit apartment building with excellent cashflow AND some upside! Well managed and maintained with many capital improvements done over the years. Boasting $148,367.40 in annual gross income, this multi unit would be an excellent addition to an investment portfolio. Being steps away from the Byward Market, Uottawa & Downtown Ottawa makes this building an ideal location for young professionals and students alike. Over the past 5 years,6/8 units have been fully renovated including new kitchens, bathrooms, flooring, trim etc. Two long time tenancies are well below market rent providing future upside on turnover while the other 6 units are at market rents. With excellent management in place, this building is turn key for the next investor.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 33.32 X 112.66
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:St Patrick & Cumberland
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $14226.47
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12319517

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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