253-259 York Street Ottawa, Ontario K1N 5T9
$17,950,000
Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:35885)
Property Details
| MLS® Number | 1391163 |
| Property Type | Multi-family |
| Neigbourhood | Lower Town |
| Parking Space Total | 8 |
Building
| Cooling Type | Unknown |
| Exterior Finish | Vinyl |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat, Radiant Heat |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 132 Ft ,1 In |
| Size Irregular | 132.06 Ft X * Ft (irregular Lot) |
| Size Total Text | 132.06 Ft X * Ft (irregular Lot) |
| Zoning Description | R4ud[2923]-c |
https://www.realtor.ca/real-estate/26911644/253-259-york-street-ottawa-lower-town
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Ottawa Real Estate Board
Sleepwell Realty Group Ltd
May 19 2024 02:11:35
