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$1,699,000
Available - For Sale
Listing ID: X12070226
Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment.
Price $1,699,000
Taxes: $11,712
Tax Type: Annual
Occupancy by: Tenant
Address: 329 Richelieu Aven , Vanier and Kingsview Park, K1L 6J7, Ottawa
Postal Code: K1L 6J7
Province/State: Ottawa
Directions/Cross Streets: Mona Avenue
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Category: Apartment
Building Percentage: T
Total Area: 3,620
Total Area Code:  Square Feet
 Management Expense: 4821
Maintenance: 0
Water Expense: $3605
Expenses Actual/Estimated: $Act
Heat Type: Gas Hot Water
Central Air Conditioning: No
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK SAM MOUSSA REALTY

329 Richelieu Aven , Vanier and Kingsview Park, K1L 6J7, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
Style:
Lot Size: x 89.06(Acres)
Approximate Age:
Tax: $11,712
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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