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95/97 Concord Street N Ottawa, Ontario K1S 0Y7

Hot Water Radiator Heat, Radiant Heat

$1,850,000

Welcome to your next investment opportunity in downtown Ottawa! Nestled in a quiet and highly sought-after area, this multi-unit residential income property presents an exceptional chance to own a prime piece of real estate. This immaculately maintained property boasts a total of 6+1 units, all of which are currently rented out. With future potential for increased rents, and 7 parking spots this investment is primed for growth with a current 5% cap rate ensuring steady returns on your investment. You'll find this property to be one of the best-maintained buildings of its age in the area. Featuring a new boiler(2022) and separate hydro meters for all units ensuring transparency and ease of management for both landlord & tenants. This property offers a rare opportunity to own a well-maintained income-generating asset in a prime downtown location. With a solid cap rate and room for increased revenue, it's an investment that promises both stability and potential for growth. (id:39840)

Property Details

MLS® Number 1391393
Property Type Multi-family
Neigbourhood SANDY HILL
ParkingSpaceTotal 7

Building

ConstructedDate 1877
ExteriorFinish Brick
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat, Radiant Heat
StoriesTotal 2
UtilityWater Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
SizeDepth 98 Ft ,10 In
SizeFrontage 66 Ft ,1 In
SizeIrregular 66.05 Ft X 98.82 Ft
SizeTotalText 66.05 Ft X 98.82 Ft
ZoningDescription R4ud

https://www.realtor.ca/real-estate/26890053/9597-concord-street-n-ottawa-sandy-hill

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