95/97 Concord Street N Ottawa, Ontario K1S 0Y7

$1,600,000

Welcome to your next investment opportunity in downtown Ottawa! Nestled in a quiet and highly sought-after area, this multi-unit residential income property presents an exceptional chance to own a prime piece of real estate. This immaculately maintained property boasts a total of 6+1 units, all of which are currently rented out. With future potential for increased rents, and 7 parking spots this investment is primed for growth with a current cap rate of over 6% ensuring steady returns on your investment. You'll find this property to be one of the best-maintained buildings of its age in the area. Featuring a newer boiler(2022) and separate hydro meters for all units ensuring transparency and ease of management for both landlord & tenants. This property offers a rare opportunity to own a well-maintained income-generating asset in a prime downtown location. With a solid cap rate and room for increased revenue, it's an investment that promises both stability and potential for growth. (id:49712)

Property Details

MLS® Number	X12067049
Property Type	Multi-family
Neigbourhood	Old Ottawa East
Community Name	4408 - Ottawa East
Parking Space Total	7

Building

Heating Type	Radiant Heat
Size Exterior	6512.16 Sqft
Size Interior	6,512 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	98 Ft ,9 In
Size Frontage	66 Ft
Size Irregular	Bldg=66.05 X 98.82 Ft ; 0
Size Total Text	Bldg=66.05 X 98.82 Ft ; 0
Zoning Description	R4ud

https://www.realtor.ca/real-estate/28131563/9597-concord-street-n-ottawa-4408-ottawa-east