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$1,200,000
Available - For Sale
Listing ID: X12127994
Prime 5-unit turnkey investment in the heart of Ottawa! Looking to grow your real estate portfolio with a high-performing asset? Look no further. This exceptional 5-unit income property, located in one of Ottawa's most sought-after corridors, is a rare find that delivers on every front. The property generates an impressive $85,164 per year in gross income, with a solid net operating income of approximately $67,084 before debt service. Whether you're a seasoned investor or buying your first income property, this is a great opportunity offering both stability and growth potential. Just steps from Downtown Ottawa, vibrant Chinatown, and only minutes from the LRT station, this central and high-demand location ensures excellent tenant appeal and long-term value. Recent upgrades include a brand new driveway and hot water tank (2024), new eavestroughs and ice block grids (2023), full unit renovations between 2017 and 2020, and attic insulation with modern siding (20192020).The property also features five surface parking spots, easy access to OC Transpo, and is close to many walkable amenities, making it even more attractive to potential tenants and owners. This is a smart, strategic investment with modern updates, strong cash flow, and a prime location. Don't miss out properties like this don't last long!
Price $1,200,000
Taxes: $5,878
Tax Type: Annual
Occupancy by: Tenant
Address: 420 Bronson Aven , West Centre Town, K1R 6J6, Ottawa
Postal Code: K1R 6J6
Province/State: Ottawa
Legal Description: PT LT 136, PL 3459 , AS IN N585516 ; OTT
Directions/Cross Streets: Bronson & Gladstone
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
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 2,089
Total Area Code:  Square Feet
Area Influences: Public Transit  
Approximatly Age: 100+
Financial Statement: F
Chattels: T
Franchise: F
Maintenance: 0
Water Expense: $2527
Net Income Before Debt: $67084
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Gas Hot Water
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY

420 Bronson Aven , West Centre Town, K1R 6J6, Ottawa


 
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Type: Com - Investment
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4205 - West Centre Town
Style:
Lot Size: x 99.00(Feet)
Approximate Age: 100+
Tax: $5,878
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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