85-87 Fifth Avenue Ottawa, Ontario K1S 2M3
$1,699,000
Open house Thursday May 11th, 11AM-1PM. Welcome to 85-87 Fifth Avenue, 6-unit residential building in the heart of the Glebe. With its prime location, this property is incredibly easy to rent and offers an excellent opportunity for investors, owner-occupiers and multi-generational families. Large 50'x103' offering a private driveway and plenty of space to expand the footprint or add additional parking spots. With 3 vacant units, there is also opportunity to set new rents and increase the property's overall value over time through turnover. This side by side double is severed with each side separately titled and is being sold as one package. The unit mix consists of three 1-bedroom units, two studios, and a two storey 3 bedroom + den (vacant and ideal to owner occupy). Financials include projected rents for the three vacant units, other expense is total of all landlord utility costs (hydro, water, gas) (id:49712)
Property Details
| MLS® Number | 1340561 |
| Property Type | Multi-family |
| Neigbourhood | The Glebe |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 3 |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1874 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Flooring Type | Hardwood |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 103 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50.03 Ft X 103 Ft |
| Size Total Text | 50.03 Ft X 103 Ft |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/25551047/85-87-fifth-avenue-ottawa-the-glebe
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
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May 11 2023 06:11:26
Ottawa Real Estate Board
Exp Realty
