320 Altha Avenue Ottawa, Ontario K1L 7C9
$1,449,000
Exceptional investment opportunity in Ottawa. Quality constructed, well managed 4-unit + bonus apt is a high earner. With concrete foundation & structural integrity, blending location with modern functionality, ensuring a stable, large cash flow. Each unit is well maintained, attracting quality tenants & ensuring consistent rental demand. The prime location allows residents to enjoy easy access to public transit, shopping & many amenities only minutes to downtown & enhances its value & appeal, making it a smart addition to any portfolio. Each unit offers a feeling of home to tenants with desirable kitchens, baths, spacious rooms & unique design. With Ottawa’s R/E market poised for future growth, this property stands out at a 6.2 Cap Rate. Don’t miss the chance to own this asset for your financial growth. Amenities include W/D in 4 units, decks, updated utilities in a high-yielding, low-maintenance investment. Please allow 24 hours showing notice to tenants. (id:49712)
Property Details
| MLS® Number | 1400987 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Community Name | Vanier |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping |
| ParkingSpaceTotal | 3 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1952 |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Siding |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FlooringType | Mixed Flooring |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| LandAmenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 90 Ft |
| SizeFrontage | 40 Ft |
| SizeIrregular | 40 Ft X 90 Ft |
| SizeTotalText | 40 Ft X 90 Ft |
| ZoningDescription | R4 |
https://www.realtor.ca/real-estate/27188912/320-altha-avenue-ottawa-vanier
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July 19 2024 04:39:48
Ottawa Real Estate Board
Coldwell Banker Rhodes & Company, Keller Williams Integrity Realty
