$650,000
$685,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
SOLD DATE : 12/20/2024
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X11884075
Sold Date 12/20/24
Style 2-Storey
Bedrooms 3
Annual Tax Amount $3,971
Tax Year 2024
Property Description
Investors & savvy buyers take NOTICE! Rarely offered 4.82% Cap Rate! Annual Gross Income of $43,200 split between two renovated turnkey, LEGAL separate units. Prime duplex in the heart of ChinaTown, steps to Little Italy, Dows Lake, close to Ottawa's favourite restaurants, parks, and museums. Minutes away from the Rideau Canal, Parliament Hill, Lebreton Flats, LRT and quick access to Hwy 417. Features include 2 separate Hydro meters, new electrical, new Plumbing, Major updates completed in 2017:Roof, windows, furnace. New siding on back of building 2021, newly paved driveway 2022 and MORE. Each unit has its own laundry. This combination ensures a high-yield, low-expense and minimal-maintenance investment with a projected NOI of $33,000 and 23% Annual return on investment! A Renter's dream and well-cared-for. 24Hrs Irrev on all offers.
Location
Province ON
County Ottawa
Community 4205 - West Centre Town
Area Ottawa
Zoning Residential
Region 4205 - West Centre Town
City Region 4205 - West Centre Town
Rooms
Family Room No
Basement Crawl Space, Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplaces Type Wood
Exterior
Parking Features Tandem, Lane
Garage Spaces 2.0
Pool None
Roof Type Unknown
Lot Frontage 29.75
Lot Depth 71.5
Total Parking Spaces 2
Building
Foundation Poured Concrete
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