102 Cambridge Street N Ottawa, Ontario K1R 7A7
$1,780,000
Great investment, well managed and cared for by a conscientious longtime owner. Pride of ownership is apparent. Gross Effective Income $97,600, Net Operating Income $78,500. Huge addition, fire-retrofit, integrated fire alarm system, fire escape, electrical, plumbing, weeping tile, windows, doors, +++ in 2004/2006. Ongoing updates and upgrades over the years of ownership. Seven parking spots. Separate storage lockers for all units. Six apartments: 1 three-bedroom, 2 two-bedroom, 2 one-bedroom and 1 studio/bachelor. Three with in-unit laundry. Coin-op on site for the remaining three. Last unit updated was Unit 3 in 2015. Back roof shingles 2009, front 2019. Rents currently below market rate + current landlord does not charge for parking = potential 27% upside on income. Traffic-calmed street. 66’x99’ lot. Zoning R4UB. Call today for rent roll+details. Come make 102 Cambridge Street North your new investment! (id:49712)
Property Details
| MLS® Number | 1359829 |
| Property Type | Multi-family |
| Neigbourhood | West Centre Town |
| Parking Space Total | 7 |
Building
| Exterior Finish | Brick, Siding, Wood |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 99 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 Ft X 99 Ft |
| Size Total Text | 66 Ft X 99 Ft |
| Zoning Description | R4ub |
https://www.realtor.ca/real-estate/26035680/102-cambridge-street-n-ottawa-west-centre-town
5536 Manotick Main St
Manotick, Ontario K4M 1A7
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November 14 2023 07:12:23
Ottawa Real Estate Board
Royal LePage Team Realty
