320 Altha Avenue Ottawa, Ontario K1L 7C9
$1,449,000
Exceptional investment opportunity in Ottawa. Quality constructed, well managed 4-unit + bonus apt is a high earner. With concrete foundation & structural integrity, blending location with modern functionality, ensuring a stable, large cash flow. Each unit is well maintained, attracting quality tenants & ensuring consistent rental demand. The prime location allows residents to enjoy easy access to public transit, shopping & many amenities only minutes to downtown & enhances its value & appeal, making it a smart addition to any portfolio. Each unit offers a feeling of home to tenants with desirable kitchens, baths, spacious rooms & unique design. With Ottawa’s R/E market poised for future growth, this property stands out at a 6.2 Cap Rate. Don’t miss the chance to own this asset for your financial growth. Amenities include W/D in 4 units, decks, updated utilities in a high-yielding, low-maintenance investment. Please allow 24 hours showing notice to tenants. (id:55510)
Property Details
| MLS® Number | 1400987 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping |
| ParkingSpaceTotal | 3 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1952 |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Siding |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FlooringType | Mixed Flooring |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| LandAmenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 90 Ft |
| SizeFrontage | 40 Ft |
| SizeIrregular | 40 Ft X 90 Ft |
| SizeTotalText | 40 Ft X 90 Ft |
| ZoningDescription | R4 |
https://www.realtor.ca/real-estate/27188912/320-altha-avenue-ottawa-vanier
Interested?
Contact us for more information
Patrick O. Smith
Salesperson
200 Catherine St Unit 201
Ottawa, Ontario K2P 2K9
Dylan Puchniak
Salesperson
200 Catherine St Unit 201
Ottawa, Ontario K2P 2K9
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July 19 2024 04:39:48
Ottawa Real Estate Board
Coldwell Banker Rhodes & Company