292 Altha Avenue, Ottawa, Ontario K1L 7C5 (22448146)


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292 Altha Avenue Ottawa, Ontario K1L 7C5

None Hot Water Radiator Heat

$995,000

Updated 4-Plex located in an area great for investment. All units have in suite laundry, updated bathrooms, and beautiful kitchens. There has been multiple other upgrades including: 3 units newly renovated, new flat roof in 2019, and new boiler chimney liner. Unit 1 lower level is on a lease for $1440/month, unit 2 upper level is month-to-month for $745/month, unit 3 upper level is on a lease for $1575/month, & unit 4 lower level is on a lease for $1390/month. Each tenant pays their own hydro. There are a total of 8 parking spots currently bringing in aprox. $5,000, but currently not rented at full capacity. Current cap rate is high which makes this a no brainier investment. This property sits on a unique R5 zoning, which allows for possible future redevelopment or expansion. (id:37611)

Property Details

MLS® Number 1213492
Property Type Multi-family
Neigbourhood Central Vanier
Parking Space Total 8

Building

Basement Development Finished
Basement Type Full (finished)
Constructed Date 1959
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Siding
Fireplace Present No
Flooring Type Hardwood, Laminate
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Parking

Open

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 127 Ft ,6 In
Size Frontage 40 Ft
Size Irregular 40.01 Ft X 127.46 Ft
Size Total Text 40.01 Ft X 127.46 Ft
Zoning Description R5

https://www.realtor.ca/real-estate/22448146/292-altha-avenue-ottawa-central-vanier

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