4 Eccles Street,West Centre Town, ON K1R 6S2
West Centre Town, ON K1R 6S2
Description
This is a fantastic opportunity to own a turn key 8-unit investment property, with phenomenal cash flow! Perfectly situated only steps from Lebreton Flats, Little Italy and Chinatown, in a community filled with a diversity of restaurants, cozy cafes and all the amenities of living downtown. Public transit is within a block with quick access to the LRT station which runs through Lebreton Flats. Gross income of $138k+ with an NOI of $100k+. This is an outstanding investment opportunity at a 6.3% cap rate. This building is well maintained and in great condition with recently renovated units and a solid tenant base comprised primarily of young professionals. This building is extremely easy to manage and boasts a cooperative relationship between the owner and the tenants. All units are located above-grade and comprised of 3 spacious and bright two-bedroom units, two one-bedroom units and three bachelor suites. The impressive top floor two-bedroom unit was recently fully renovated with a new kitchen, new bathroom, full interior painting, new laminate flooring and fixtures throughout. A profitable coin operated laundry is in the basement with ample storage space for tenants. The property sits on a 71 x 46 lot with R4UB zoning and the spacious side lot (which currently holds 7 parking spaces) offers the potential for future development opportunity to add additional units.
Details
| MLS# | X11960040 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Sold Conditional Escape |
| Days On Site | 83 |
| Listing Provided By | CAPITAL COMMERCIAL INVESTMENT CORP. | X11960040 482200 |
Features
| SQ Feet | 4,750 |
|---|---|
| Acreage | 0.11 |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 6S2 |
| Area | 4205 West Centre Town |
| Listing VS Median (in K1R 6S2) | |
Price: $1,595,000 low | high Med: $1,595,000 SqFt: 4,750 low | high Med: 4,750 $ / SqFt: $336 low | high Med: $336 On site: 83 low | high Med: 83.000000 | |