Prime investment opportunity in the heart of Carlington with easy access to amenities. This exceptional 4-unit multiplex has been renovated and offers great income potential. Projected annual rental income exceeding $103k as of May 2025. The four units are comprised of two expansive 3-bedroom units on main and upper floors (1387A and 1389A) and two 1-bedroom basement units (1387B and 1387B) with their own separate entrance. Currently, the building hosts a great tenant-base. Basement units are each rented at $1800 per month (both leases end Dec 31, month to month to follow), one upper unit is vacant (1389A) and the other upper unit is rented at $2200 per month (1387A), those tenants leaving at the end of April 2025. Both upstairs units could rent for $2500 each. Each unit has its own laundry. Potential for buyer to occupy one of the upper 3-bedroom units. This investment property is perfect for first-time investors looking to enter the market or seasoned investors adding to their portfolio. Power of sale provisions apply therefore property being sold As Is. 48 hours irrevocable on offers. (id:2493)More details
Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in the residential rental property in the heart of Richmond at a a fair price. This property consists of 16 x one bedroom apartments of various sizes, average rent is $1,182/month, meaning there is significant upside potential. The owner has been renovating units as they become available, however there are a number that still need upgrading. The building is built on a slab so all units are direct walk-in and could easily be converted to a seniors residence. Unit sizes vary from 500sq ft to close to 800sq ft which provide potential to add a second bedroom and higher rents. The owner has also installed coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Another feature is that the property enjoys a residential tax rate that is far lower than comparable properties. Units are electric heat and tenants pay their own electric bills and . In considering this property, buyers should be aware that the property is slightly larger than an acre and given it's corner location on the main street of Richmond, it could provide the cornerstone of a land assembly. Property has been owner managed for 27yrs and all maintenance issues are dealt with promptly. (id:2493)More details
INVESTORS - ADD THIS BEAUTY TO YOUR PORTFOLIO!! Welcome to Park Place, a 14-unit building in Morewood. Formerly Morewood Elementary School, the building was converted into 14 apartments in 2010. Extremely well maintained and cared for, the building consists of 2 bachelors, 11-one bedroom and one handicapped unit. Interior was completely redone between 2011-2014. Updates include laminate flooring throughout all units, kitchens, walk-in closets, ceramic tiles and electric fireplaces in some units. 2012 - Electrical/Plumbing/Fire Alarm System; 2018 - Gas Boiler/Chlorine Injection System; 2020 - Two Roof Top Heat Pumps-AC/Two 75 gal HWTs; and 2023 - Two Septic Pumps. Most units have 9 ft ceilings and open-concept living. Large bathrooms and bedrooms with walk-in closets. Excellent tenants that always pay on time. NEVER A VACANCY and ON-SITE CARETAKER. 30 minutes to St Laurent Shopping Centre, 21 minutes to the Amazon warehouse. Book a showing today. (id:2493)More details
Totally renovated former embassy converted to eight unit building.\r\nTaken down to the studs, starting with a new roof then completely new insulation, windows, doors, kitchens all with new stainless appliances, quartz counters, pot lights, all new bathrooms, finished onsite oak flooring.\r\nEach unit has it's own gas furnace, AC and hydro meter so tenants pay their own heat, yet costs are minimal since all sharing.\r\nPrestigious address along Embassy row, across from sensational Strathcona Park, proximity to all that downtown lving provides, ensures high demand when rare vacancies arise. (id:2493)More details
Brilliant well-executed interior renovations include updated kitchens (including appliances), baths, heat, some hydro and plumbing, lighting, laundry & storage room, flooring & paint. Exterior planned for spring 2025. OPPORTUNITY KNOCKS! ABOVE AVERAGE RENTS, LOW EXPENSES, FANTASTIC LOCATION! Do not judge this book by its cover! (id:2493)More details
Seven unit building with 5 residential and 2 commercial units, generating a gross revenue of $82,932.00. Long term tenants. 319 pays $1300 plus utilities, 321 pays $605 plus utilities and 325-1 pays $1332 including utilities, 325-2 pays $675 including utilities and 325-3 pays $533 plus utilities. There are three 2 bedroom and two 1 bedroom apartments and two commercial units. (id:2493)More details
Superb location, located at 196 Beechwood Ave surrounded by restaurants, pubs, convenience, and grocery stores, constructed in 2021 with a brick from the exterior and Hardie Board on the side and the back of the property. \r\n\r\n This newly constructed building consists of 13 residential units + 1 commercial. units which are all individually metered. The building is secure with cameras, an intercom, digital locks, and bicycle storage space. The breakdown of units is ( 11 bachelor's units and 2-2 bedroom units) plus 1 commercial retail unit. All of the apartments in the building are fully furnished and are self-contained, with fridges and stoves, washers and dryers, dishwashers, and individual central heating and AC. (id:2493)More details
Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement along with surfaced parking, as property has wide double lane driveway. Common laundry room in basement has potential for additional laundry income. Property has 6 hydro meters with each apartment on an individual meter paying their own hydro. Excellent tenants and easy to maintain and manage building. Lot has space and high density R4UA zoning for the potential to extend building, add additional structure or future building potential. Why buy land and develop, when you can buy and earn income at an appealing 5.4% cap rate today for well below the cost to acquire land, pay development/permit fees and construction costs. 5x stoves, 5x fridges, 2x dishwashers. **** EXTRAS **** 5x stoves, 5x fridges, 2x dishwashers, 6 hydro meters (id:2493)More details
An attractive 6-unit building consisting of 3 commercial spaces & 3 residential units. The beauty salon business is also included as a bonus as the seller/owner is retiring. A viable business since 1979. It has 1,073 SF & market rent of $3000/mth gross. Two other commercial spaces were added at the rear of the salon in 1987 but have been rented as Airbnb. Apt #4 is a fully furnished modern 1 BDRM unit of approx 520 S.F w/6 appliances & market rent of $1950/mth all-inclusive. Apt #5, a modern and bright 2-storey loft style apt, approx 730 SF w/2 floors of windows, 2 skylights, 6 appliances & w/a market rent of $2300/mth all-inclusive. The 3 residential Apts are all 1 Bdrm and 2 have balconies. Apt #1 rented @ $1600/mth & Apt #2 and #3 at $1366/mth. There's 1 hot water boiler for the main building & a forced air furnace (2017) for the two rear GRND floor units. The electrical has been upgraded to a 400 amp service. 3 car parking in tandem. With 20% down VTB 1st mortgage at 7% (id:2493)More details
Welcome to Luxury Living at the Iconic Hotel Rideau in the heart of Smiths Falls. This historic building has been completely restored from top to bottom, keeping the old world charm of the 1901 piece of history while offering all of the elegance of modern luxury. A solid asset (CAP rate 5.94%!) that's been fully renovated & is a turn key investment. Operated as a hotel in the past & can easily be converted back to a hotel. Amenities include keyless entry, fitness room, meeting room, laundry & BBQ area, 35 outdoor parking spaces, storage lockers. Comprised of 3 commercial units, 25 residential units boasts soaring 10' ceilings, large crown mouldings, quartz counters in the kitchen & bathroom, pot lights, open concept floor plan & oversized windows. Not a detail has been overlooked w/the high end finishes. Reminiscent of days gone by, a perfect balance has been struck between the heritage feel of the building & modern comforts, right down to the common areas. (id:2493)More details
WOW! Almost $110,000 in annual gross income!! Solid, low-maintenance investment property now available with this excellent income-generating mobile home park in Hawkesbury. This 3.4 acre lot contains 24 mobile homes with land leases. Land tenants own their mobile homes. It is a nice and quiet community. This property backs onto the Ottawa River, which creates a fantastic park-like atmosphere on the north end of the lot and gives tenants the bonus of water access! The owner is responsible for road, water and septic maintenance. There is a drilled well to supply all mobile homes and pump station with water treatment. No vacancy loss with a 100% occupancy rate. Hawkesbury is a large town with all amenities including shopping, hospital and anything else you might need! Situated 40 min from Montreal and 1hr from Ottawa. (id:2493)More details
Welcome to 340-342 Shakespeare! This newly built 8 unit income property consists of 2 fourplexes each with four 3 bedroom, 2 bathroom units in a prime Vanier location, being close to all amenities, public transit and recreation. Still room for increased rents. Rent control does not apply to this building. Hi-end finishings and quality appliances. Letter of interest from a lender under the MLI System for 3.9 million of financing at a preferred rate.\r\nQuick closing is available and preferred. Less then one year from occupancy so new construction works under the MLI. If not using the MLI Select the affordable rent could be increased. Should qualify for efficiency points as the insulation including under the basement slab is excellent and heated with high efficiency ducted heat pumps with electric backup. What a fantastic property to add to or start your investment portfolio. (id:2493)More details
Data was last updated December 1, 2024 at 06:45 PM (UTC)
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