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155 Marquette Avenue Ottawa, Ontario K1L 5J7

Hot Water Radiator Heat

$1,598,000

Own a turnkey investment property in sought-after Beechwood Village! This well-maintained 6-unit (4 x 2 bdrm, 2 x 1 bdrm) building offers a fantastic opportunity for investors seeking stable income and future opportunities to add value. Fully renovated mechanical and laundry room ensures reliable operation for years to come and minimizes operating costs. Upgraded windows throughout enhance comfort and efficiency. The R4S zoning allows for renovations and potential to increase density in the future. Assume the existing CMHC-insured 1st mortgage with a low 2.17% interest rate and significant principal remaining ($917,695 at March 2, 2024), expiring Dec 2025. This locked-in rate offers excellent value relative to current market rates. Situated in the vibrant Beechwood Village / Vanier North neighbourhood, the property enjoys excellent access to shops, restaurants, schools, and public transportation, ensuring a steady tenant pool. (id:39840)

Property Details

MLS® Number 1381152
Property Type Multi-family
Neigbourhood Beechwood / Vanier North
ParkingSpaceTotal 5

Building

ConstructedDate 1953
ExteriorFinish Brick
HeatingType Hot Water Radiator Heat
StoriesTotal 3

Land

Acreage No
SizeDepth 82 Ft
SizeFrontage 67 Ft
SizeIrregular 67 Ft X 82 Ft (irregular Lot)
SizeTotalText 67 Ft X 82 Ft (irregular Lot)
ZoningDescription R4s

https://www.realtor.ca/real-estate/26614333/155-marquette-avenue-ottawa-beechwood-vanier-north

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