Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income. (id:49712)
| MLS® Number | X12813150 |
| Property Type | Multi-family |
| Community Name | 4403 - Old Ottawa South |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Appliances | Dishwasher, Dryer, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,782 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 161 Ft ,11 In |
| Size Frontage | 30 Ft ,4 In |
| Size Irregular | 30.36 X 161.96 Ft |
| Size Total Text | 30.36 X 161.96 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/29390510/26-aylmer-avenue-ottawa-4403-old-ottawa-south
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