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$ 1,799,900
Est. payment | /mo
11 Beds
5 Baths
$ 1,799,900
Est. payment | /mo
11 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 3502 - Overbrook/Castle Heights
MLS Listing ID X12383772
Style 2-Storey
Bedrooms 11
Annual Tax Amount $9,374
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today!
Location
Province ON
County Ottawa
Community 3502 - Overbrook/Castle Heights
Area Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 6
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 72.0
Lot Depth 92.0
Total Parking Spaces 6
Building
Unit Features Public Transit,Hospital
Foundation Poured Concrete
Listed by LOTFUL REALTY