INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters- 5 of the tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC, but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012). (id:2493)
Data was last updated April 16, 2025 at 08:15 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$899,900
Min list price:
$499,900
Max list price:
$5,500,000
Avg days on market:
61
Min days on market:
7
Max days on market:
286
Avg price per sq.ft.:
$246.68
These statistics are generated based on the current listing's property type
and located in
3402 - Vanier. Average values are
derived using median calculations.
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