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$5,050,000
Available - For Sale
Listing ID: X12212502
An exceptional opportunity to acquire a well-performing multi-family asset in one of Ottawa easts most desirable neighbourhoods. 5 Wolff Street features two low-rise multi-family buildings comprising a total of sixteen fully leased units, complemented by an on-site parking lot. This is a turnkey investment offering immediate, stable cash flow with strong potential for future rental growth and value appreciation. The excess land additionally provides Buyers with the opportunity to increase the density on the site through redevelopment. Tucked away on a quiet, tree-lined street, the property is ideally located just minutes from major transit corridors and public transportation, providing seamless access to the downtown core. The surrounding area is rich with amenities, including nearby schools, public parks, and scenic walking and cycling paths along the Rideau River. Residents also enjoy being steps from the Rideau Sports Centre and Real Canadian Superstore, enhancing the everyday convenience of the location. This neighbourhood is highly attractive to students, young professionals, and families alike - those seeking a relaxed, community-oriented setting with generous green space and easy access to urban essentials. 5 Wolff Street presents a rare blend of location, livability, and investment strength in Ottawa's multi-residential market.
Price $5,050,000
Taxes: $35,100
Tax Type: Annual
Occupancy by: Tenant
Address: 5 Wolff Stre , Vanier and Kingsview Park, K1K 1K6, Ottawa
Postal Code: K1K 1K6
Province/State: Ottawa
Legal Description: LTS 1 & 2, PL 453 ; PT LT 3, PL 453 , AS
Directions/Cross Streets: Marguerite Avenue
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: 21,500
Total Area Code:  Square Feet
 Management Expense: 10612
Maintenance: 0
Water Expense: $8975
Net Income Before Debt: $350220
Expenses Actual/Estimated: $Est
Sprinklers: No
Clear Height Feet: 10
Heat Type: Gas Hot Water
Central Air Conditioning: No
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DISTRICT REALTY CORPORATION

5 Wolff Stre , Vanier and Kingsview Park, K1K 1K6, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3403 - Vanier
Style:
Lot Size: x 106.00(Feet)
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Tax: $35,100
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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