1558-1562 BASELINE ROAD

Ottawa, Ontario K2G1J5

$2,400,000

ID# 1274182
If you're looking for a rental property that generates a substantial income-to-cost ratio, this is the property for you. This 2019 purpose built 4 unit building can generate a true CAP rate of 6% at full occupancy. Tons of space with additional storage units in the rear of the building with exterior access. This property is well finished with appealing materials that will stand up to wear & tear of daily use and offer great longevity to any investor. Vacant Side lot on the Corner at 2 Pender street has been sold from the original lot and the remaining frontage for 1558-1562 Baseline rd. is approximately 60 feet. Easy walking distance to Algonquin College & College Square shopping, restaurants, etc. 24hr notice for showings due to Tenants & Tenant occupied bedrooms accessible with conditional sale. (id:25961)
Courtesy of RE/MAX AFFILIATES BOARDWALK
Listed on: January 12, 2022

On market: 5 days
Bathroom Total 0
Half Bathrooms Total 0
Year Built 2019
Cooling Type Central air conditioning
Flooring Type Wall-to-wall carpet, Mixed Flooring, Laminate, Tile
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 2