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$2,495,000
Available - For Sale
Listing ID: X12378118
Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $9,800 in monthly rental income (~$118,000 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside.
Price $2,495,000
Taxes: $9,178
Tax Type: Annual
Occupancy by: Tenant
Address: 1549 MAXIME Stre , Cyrville - Carson Grove - Pineview, K1B 3K9, Ottawa
Postal Code: K1B 3K9
Province/State: Ottawa
Legal Description: PT LT 22, CON 2OF , AS IN N354227 ; GLOU
Lot Size: 24.35 x 131.93 (Feet)
Directions/Cross Streets: Maxime and Cyrville Road
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
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 10,539
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Water Expense: $3176
Expenses Actual/Estimated: $Act
Sprinklers: Unkn
Heat Type: Baseboard
Central Air Conditioning: No
Sewers: Sanitary+Storm
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1549 MAXIME Stre , Cyrville - Carson Grove - Pineview, K1B 3K9, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Cyrville - Carson Grove - Pineview
Neighbourhood: 2204 - Pineview
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Lot Size: 24.35 x 131.93(Feet)
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Tax: $9,178
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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