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$1,399,000
Available - For Sale
Listing ID: X12151946
Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has over 5% cap rate and is fully rented with ideal tenants and grosses an annual income of $93,600. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. Contact us today to schedule a viewing!
Price $1,399,000
Taxes: $8,063.07
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 10 Sherbrooke Aven , West Centre Town, K1Y 1R7, Ottawa
Postal Code: K1Y 1R7
Province/State: Ottawa
Directions/Cross Streets: Wellington Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Building Percentage: T
Total Area: 0
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE PERFORMANCE REALTY

10 Sherbrooke Aven , West Centre Town, K1Y 1R7, Ottawa


 
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Type: Com - Investment
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4203 - Hintonburg
Style:
Lot Size: x 102.84(Feet)
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Tax: $8,063.07
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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