Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing. (id:53622)
| MLS® Number | X12292814 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Community Name | 3404 - Vanier |
| Parking Space Total | 5 |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Age | 51 To 99 Years |
| Appliances | Dryer, Hood Fan, Stove, Washer, Refrigerator |
| Basement Type | Full |
| Exterior Finish | Brick, Aluminum Siding |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 96 Ft |
| Size Frontage | 64 Ft |
| Size Irregular | 64 X 96 Ft |
| Size Total Text | 64 X 96 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 2 | 3.67 m | 4.9 m | 3.67 m x 4.9 m |
| Second Level | Living Room | 3.69 m | 3.38 m | 3.69 m x 3.38 m |
| Second Level | Dining Room | 1.84 m | 2.44 m | 1.84 m x 2.44 m |
| Second Level | Kitchen | 3.69 m | 3.06 m | 3.69 m x 3.06 m |
| Second Level | Bathroom | 1.52 m | 2.16 m | 1.52 m x 2.16 m |
| Second Level | Bedroom | 3.66 m | 3.96 m | 3.66 m x 3.96 m |
| Second Level | Bedroom 2 | 3.66 m | 3.38 m | 3.66 m x 3.38 m |
| Basement | Laundry Room | 4.3 m | 2.77 m | 4.3 m x 2.77 m |
| Basement | Den | 3.97 m | 2.77 m | 3.97 m x 2.77 m |
| Basement | Den | 4.27 m | 3.35 m | 4.27 m x 3.35 m |
| Basement | Laundry Room | 2.74 m | 2.13 m | 2.74 m x 2.13 m |
| Main Level | Living Room | 3.35 m | 2.13 m | 3.35 m x 2.13 m |
| Main Level | Bathroom | 2.44 m | 1.53 m | 2.44 m x 1.53 m |
| Main Level | Kitchen | 2.13 m | 3.38 m | 2.13 m x 3.38 m |
| Main Level | Living Room | 2.76 m | 4.59 m | 2.76 m x 4.59 m |
| Main Level | Dining Room | 2.45 m | 2.76 m | 2.45 m x 2.76 m |
| Main Level | Kitchen | 2.29 m | 2.44 m | 2.29 m x 2.44 m |
| Main Level | Bedroom | 3.36 m | 3.06 m | 3.36 m x 3.06 m |
| Main Level | Bathroom | 2.74 m | 3.36 m | 2.74 m x 3.36 m |
| Main Level | Living Room | 4.59 m | 3.05 m | 4.59 m x 3.05 m |
| Main Level | Dining Room | 2.45 m | 4.28 m | 2.45 m x 4.28 m |
| Main Level | Kitchen | 2.44 m | 2.44 m | 2.44 m x 2.44 m |
| Main Level | Bathroom | 2.75 m | 3.35 m | 2.75 m x 3.35 m |
| Main Level | Bedroom | 3.35 m | 2.44 m | 3.35 m x 2.44 m |
| Main Level | Bedroom | 2.75 m | 3.67 m | 2.75 m x 3.67 m |
| Main Level | Den | 3.38 m | 2.45 m | 3.38 m x 2.45 m |
| Main Level | Bedroom 2 | 3.35 m | 3.05 m | 3.35 m x 3.05 m |
| Main Level | Bathroom | 2.44 m | 2.13 m | 2.44 m x 2.13 m |
| Main Level | Living Room | 5.82 m | 2.74 m | 5.82 m x 2.74 m |
| Main Level | Kitchen | 1.86 m | 3.67 m | 1.86 m x 3.67 m |
| Main Level | Bedroom | 2.77 m | 3.67 m | 2.77 m x 3.67 m |
https://www.realtor.ca/real-estate/28622677/309-cyr-avenue-ottawa-3404-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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