329 Richelieu Avenue Ottawa, Ontario K1L 6J7
$1,699,000
Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment. (id:39840)
Property Details
| MLS® Number | X12070226 |
| Property Type | Multi-family |
| Community Name | 3404 - Vanier |
Building
| Appliances | All |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 3,620 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Size Irregular | 42.45 |
| Size Total | 42.45 Ac |
| Size Total Text | 42.45 Ac |
| Zoning Description | R4ua |
https://www.realtor.ca/real-estate/28138872/329-richelieu-avenue-ottawa-3404-vanier
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April 08 2025 09:03:54
Ottawa Real Estate Board
RE/MAX Hallmark Sam Moussa Realty