CAP RATE 7.29% CASH FLOW! Centrally located & TURNKEY Investment Property offering excellent rental income. With an impressive annual net income of $139,469, this ideal property provides steady returns without the need for immediate repairs and renovations, and provides room for growth. Situated in Sandy Hill, one of Ottawa’s most desirable rental market zone, the property is within walking distance to the University of Ottawa, LRT, Rideau Canal, Byward Market, Rideau River, and various parks. Owned for 15 years and meticulously maintained, the property showcases its character with historic mouldings, hardwood floors, vaulted ceilings, abundant natural light, and covered balconies. Located on a major bus route and with convenient access to all amenities, this property is in a prime location to enhance or start your investment portfolio! (id:48414)
| MLS® Number | 1411468 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| ParkingSpaceTotal | 2 |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 71 Ft ,4 In |
| SizeFrontage | 33 Ft ,4 In |
| SizeIrregular | 33.33 Ft X 71.33 Ft |
| SizeTotalText | 33.33 Ft X 71.33 Ft |
| ZoningDescription | R4ub[480]-c |
https://www.realtor.ca/real-estate/27435985/327-somerset-street-e-ottawa-sandy-hill
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