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Team Realty

100-110 ALICE STREET

Ottawa, Ontario K1L7X6

$1,849,900

ID# 1300057
These two, 6-unit buildings on 1 lot, are an investors dream. Undergoing regentrification on the edge of Vanier and New edinburgh, steps to the Rideau River, this is an amazing opportunity invest in 12 doors. This property boasts $135,000 per year in gross income and a net operating income of $83,000. A solid cap rate 4.5%. Each building as 6 doors- four, 2 bedroom and 1 bathroom units and two, 1 bedroom, 1 bath units all with their own hydro meters. 12 parking spaces. There are no vacancies; however, one unit was recently updated and price adjusted. These brick exterior buildings have been well maintained throughout the years and are in great shape for new ownership. Roofs redone in 2016 and 2016 as well as ongoing maintenance. 24 hour notice required for all showings. Offers Presented June 25th at 6 pm. (id:42873)
Courtesy of CENTURY 21 SYNERGY REALTY INC
Listed on: June 23, 2022

On market: 2 days
Bathroom Total 0
Half Bathrooms Total 0
Year Built 1952
Heating Type Hot water radiator heat
Heating Fuel Natural gas
Stories Total 3