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$1,699,999
Available - For Sale
Listing ID: X12319517
High performing 8 unit apartment building with excellent cashflow AND some upside! Well managed and maintained with many capital improvements done over the years. Boasting $148,367.40 in annual gross income, this multi unit would be an excellent addition to an investment portfolio. Being steps away from the Byward Market, Uottawa & Downtown Ottawa makes this building an ideal location for young professionals and students alike. Over the past 5 years,6/8 units have been fully renovated including new kitchens, bathrooms, flooring, trim etc. Two long time tenancies are well below market rent providing future upside on turnover while the other 6 units are at market rents. With excellent management in place, this building is turn key for the next investor.
Price $1,699,999
Taxes: $14,226.47
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 297 St Patrick Stre , Lower Town - Sandy Hill, K1N 5K4, Ottawa
Postal Code: K1N 5K4
Province/State: Ottawa
Directions/Cross Streets: St Patrick & Cumberland
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: 9,200
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
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SUTTON GROUP - OTTAWA REALTY

297 St Patrick Stre , Lower Town - Sandy Hill, K1N 5K4, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4001 - Lower Town/Byward Market
Style:
Lot Size: x 112.66(Feet)
Approximate Age:
Tax: $14,226.47
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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