Royal LePage Team Realty Logo
RLP Team Logo Black & Red ()

320 ALTHA AVENUE
Ottawa, Ontario K1L7C9

$1,449,000

ID# 1401024

ABOUT THIS PROPERTY


Exceptional investment opportunity in Ottawa: a 5-unit property in a well-managed building. This quality constructed bldg is a high earner, with concrete foundation & structural integrity, blending location with modern functionality, ensuring a stable, large cash flow. Each unit is well maintained, attracting quality tenants & ensuring consistent rental demand. The prime location allows residents to enjoy easy access to public transit, shopping & many amenities only minutes to downtown & enhances its value & appeal, making it a smart addition to any portfolio. Each unit offers a feeling of home to tenants with desirable kitchens, baths, spacious rooms & unique design. With Ottawa’s R/E market poised for future growth, this property stands out at a 6.2 Cap Rate. Don’t miss the chance to own this asset for your financial growth. Amenities include W/D in 4 units, decks, updated utilities in a high-yielding, low-maintenance investment. Please allow 24 hours showing notice to tenants. (id:25961)

PROPERTY DETAILS


Year Built 1952
Heating Type Baseboard heaters
Heating Fuel Electric
Stories Total 2

Property Type


Multi-family
Courtesy of COLDWELL BANKER RHODES & COMPANY
Listed on: July 08, 2024

On market: 7 days

MORTGAGE CALCULATOR


Add CMHC fee.
Purchase Price
Down Payment or Equity
Amount of Mortgage
system will calculate
Current Interest Rate
Amortization Period
years
Payment Schedule
Monthly Payment (principal & interest)
system will calculate

SIMILAR PROPERTIES


Search