Property Description

Attention Investors- A fantastic opportunity to purchase a manageable building with a healthy cash flow in the heart of lower town. Fourplex building with each unit respectable in size and condition. No issue with vacancy. Desirable area for tenants with close proximity to Ottawa U, Transit in a rejuvenated neighbourhood. Two - 2 bedroom units s and Two -1 Bedroom units with good rent roll. Roof 2008, Windows 2010. The building is low maintenance with fantastic tenants. Cap rate just above 5% which is rare. A perfect building to add to your portfolio or for first-time investors. (id:29236)

Address: 62-64 COBOURG STREET
City: Ottawa
State/Province: Ontario
Zip: K1N8G8
Country: Canada
Days On Market: 111 days
Mls Number: 1245607
Property Type: Multi-family
Price: $ 985,000
Building Type: Fourplex
Stories: 3
Parking Space: 1
Zoning Description: R5L H(18) F ( 2.0)
Land Size: 33 ft X 66 ft
Transaction Type: For sale
Neigborhood: MacDonald Gardens
Half Bathroom (Bathroom Partial): 0
Bathrooms: 0
Year Built: 1900
Basement: Full (Unfinished)
Flooring: Hardwood, Tile, Vinyl
Basement Development: Unfinished
Basement Type: Full (Unfinished)
Exterior Finish: Siding
Cooling: None
Fireplace: Not Available
Utility Sewer: Municipal sewage system
Water: Municipal water
Amenities Nearby: Public Transit, Recreation Nearby, Water Nearby
Parking Type: Surfaced
Land Acreage: false
Land Current Use: Development residential
Date Status Price MLS Number URL
July 02, 2021 Active  $985,000 1245607
March 06, 2019 Active  $665,000 1140267 View Listing


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