$1,190,000
Available - For Sale
Listing ID: X12370476
64-62 COBOURG Stre , Lower Town - Sandy Hill, K1N 8G8, Ottawa
| TURN KEY easily managed property and CASH FLOW from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (No snow shoveling or grass cutting) . Perfect for new or seasoned investors! GROSS INCOME: $89,897/yr. (-) OPERATING EXPENSES: $27,843/yr = NOI: $62,054 NOI. Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint. **WE WELCOME ANY SERIOUS OFFER** |
| Price | $1,190,000 |
| Taxes: | $10052.55 |
| Occupancy: | Tenant |
| Address: | 64-62 COBOURG Stre , Lower Town - Sandy Hill, K1N 8G8, Ottawa |
| Lot Size: | 10.05 x 66.50 (Feet) |
| Directions/Cross Streets: | Trans-Canada Hwy/ON-417 - to EXIT 118 (Nicholas St) - drive down Nicholas St - LEFT on Laurier Ave E |
| Rooms: | 12 |
| Rooms +: | 0 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Unfinished |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 4 | |
| Washroom Type 3 | 3 | |
| Washroom Type 4 | 3 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 4 | |
| Washroom Type 8 | 3 | |
| Washroom Type 9 | 3 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | |
| Washroom Type 12 | 4 | |
| Washroom Type 13 | 3 | |
| Washroom Type 14 | 3 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | |
| Washroom Type 17 | 4 | |
| Washroom Type 18 | 3 | |
| Washroom Type 19 | 3 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | |
| Washroom Type 22 | 4 | |
| Washroom Type 23 | 3 | |
| Washroom Type 24 | 3 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 4 | |
| Washroom Type 27 | 4 | |
| Washroom Type 28 | 3 | |
| Washroom Type 29 | 3 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 4 | |
| Washroom Type 32 | 4 | |
| Washroom Type 33 | 3 | |
| Washroom Type 34 | 3 | |
| Washroom Type 35 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2 1/2 Storey |
| Exterior: | Other |
| Garage Type: | None |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Public Trans, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| RE/MAX HALLMARK REALTY GROUP |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4002 - Lower Town |
| Style: | 2 1/2 Storey |
| Lot Size: | 10.05 x 66.50(Feet) |
| Tax: | $10,052.55 |
| Beds: | 6 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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