Great investment opportunity in the heart of Vanier! This 6-unit building features five 2-bedroom units and one bachelor, offering a strong mix of existing income and future upside. Two units are currently vacant, giving a new owner the opportunity to bring them to current market rents, while two additional units are currently rented below market, creating further upside as tenants move out and rents can be increased. The basement also offers potential for an additional unit. The property sits on a double lot, giving investors and developers the opportunity to explore future redevelopment or intensification while continuing to generate rental income in the meantime. Located close to Montréal Road, Beechwood Avenue, grocery stores, restaurants, shopping and public transit, with easy access to downtown Ottawa, St. Laurent Shopping Centre and Train Yards. A great opportunity for investors looking for a solid multifamily property with multiple ways to increase income and long-term value. See attached pro forma for additional financial details. (id:53622)
| MLS® Number | X13869952 |
| Property Type | Multi-family |
| Community Name | 3402 - Vanier |
| Parking Space Total | 5 |
| Bathroom Total | 6 |
| Appliances | Dryer, Washer |
| Cooling Type | None |
| Heating Type | Other |
| Size Exterior | 3590 Sqft |
| Size Interior | 3,590 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 89 Ft ,10 In |
| Size Frontage | 65 Ft ,11 In |
| Size Irregular | Bldg=65.92 X 89.89 Ft |
| Size Total Text | Bldg=65.92 X 89.89 Ft |
| Zoning Description | R4e |
https://www.realtor.ca/real-estate/30373442/118-marier-avenue-ottawa-3402-vanier
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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