Calling all investors and developers! Rare opportunity to own a 6-unit building on a double lot in the heart of Vanier. The property features five 2-bedroom units and one bachelor, with two units currently vacant, giving a new owner the opportunity to set their own rents from day one. There is plenty of upside with two additional units currently rented below market and potential to add a 7th unit in the basement, subject to buyer due diligence and approvals. The double lot also offers future redevelopment potential, with the possibility of replacing the existing building with two multi-unit buildings, subject to zoning, approvals and buyer due diligence. Located close to Montréal Road, Beechwood Avenue, shopping, restaurants, public transit and just minutes from downtown, St. Laurent Shopping Centre and Train Yards. Multiple ways to increase income and add value. See attached pro forma for additional financial details. (id:48414)
| MLS® Number | X13869952 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Community Name | 3402 - Vanier |
| Parking Space Total | 5 |
| Bathroom Total | 6 |
| Appliances | Dryer, Washer |
| Cooling Type | None |
| Heating Type | Other |
| Size Exterior | 3590 Sqft |
| Size Interior | 3,590 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 89 Ft ,10 In |
| Size Frontage | 65 Ft ,11 In |
| Size Irregular | Bldg=65.92 X 89.89 Ft |
| Size Total Text | Bldg=65.92 X 89.89 Ft |
| Zoning Description | R4e |
https://www.realtor.ca/real-estate/30373442/118-marier-avenue-ottawa-3402-vanier
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