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:35885)
Property Details
| MLS® Number | 1400987 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 3 |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1952 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Mixed Flooring |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 90 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 Ft X 90 Ft |
| Size Total Text | 40 Ft X 90 Ft |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/27188912/320-altha-avenue-ottawa-vanier
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Ottawa Real Estate Board
Coldwell Banker Rhodes & Company, Keller Williams Integrity Realty
July 19 2024 04:39:48
