Mehdi Teimouri
Broker
Right At Home Realty, Brokerage
Independently owned and operated.
1550 16 ave, Richmond Hill , Ontario L4b 3k9
Cell: 647-989-2641Office: 905-695-7888Fax: 905-695-0900
$1,379,000
Available - For Sale
Listing ID: X13869952
118 Marier Avenue , Vanier and Kingsview Park, K1L 5S1, Ottawa
| Great investment opportunity in the heart of Vanier! This 6-unit building features five 2-bedroom units and one bachelor, offering a strong mix of existing income and future upside. Two units are currently vacant, giving a new owner the opportunity to bring them to current market rents, while two additional units are currently rented below market, creating further upside as tenants move out and rents can be increased. The basement also offers potential for an additional unit. The property sits on a double lot, giving investors and developers the opportunity to explore future redevelopment or intensification while continuing to generate rental income in the meantime. Located close to Montréal Road, Beechwood Avenue, grocery stores, restaurants, shopping and public transit, with easy access to downtown Ottawa, St. Laurent Shopping Centre and Train Yards. A great opportunity for investors looking for a solid multifamily property with multiple ways to increase income and long-term value. See attached pro forma for additional financial details. |
| Price | $1,379,000 |
| Taxes: | $9665.54 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 118 Marier Avenue , Vanier and Kingsview Park, K1L 5S1, Ottawa |
| Postal Code: | K1L 5S1 |
| Province/State: | Ottawa |
| Legal Description: | see attachment |
| Directions/Cross Streets: | Beechwood to Marier |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 3590.00 |
| Total Area Code: | Square Feet |
| Water Expense: | $5400 |
| Net Income Before Debt: | $72465 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 6 |
| Heat Type: | Other |
| Central Air Conditioning: | No |
| Sewers: | None |
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%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| LOTFUL REALTY |
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Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3402 - Vanier |
| Tax: | $9,665.54 |
| Baths: | 6 |
| Fireplace: | N |
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