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155 Marquette Avenue Ottawa, Ontario K1L 5J7

Hot Water Radiator Heat

$1,695,000

Own a turnkey investment property in sought-after Beechwood Village! This well-maintained 6-unit (4 x 2 bdrm, 2 x 1 bdrm) building offers a fantastic opportunity for investors seeking stable income and future opportunities to add value. Fully renovated mechanical and laundry room ensures reliable operation for years to come and minimizes operating costs. Upgraded windows throughout enhance comfort and efficiency. The R4S zoning allows for renovations and potential to increase density in the future. Assume the existing CMHC-insured 1st mortgage with a low 2.17% interest rate and significant principal remaining ($917,695 at March 2, 2024), expiring Dec 2025. This locked-in rate offers excellent value relative to current market rates. Situated in the vibrant Beechwood Village / Vanier North neighbourhood, the property enjoys excellent access to shops, restaurants, schools, and public transportation, ensuring a steady tenant pool. (id:48414)

Property Details

MLS® Number 1381152
Property Type Multi-family
Neigbourhood Beechwood / Vanier North
Parking Space Total 5

Building

Constructed Date 1953
Exterior Finish Brick
Heating Type Hot Water Radiator Heat
Stories Total 3

Land

Acreage No
Size Depth 82 Ft
Size Frontage 67 Ft
Size Irregular 67 Ft X 82 Ft (irregular Lot)
Size Total Text 67 Ft X 82 Ft (irregular Lot)
Zoning Description R4s

https://www.realtor.ca/real-estate/26614333/155-marquette-avenue-ottawa-beechwood-vanier-north