For Sale

$1,425,000

370 BELISLE STREET , Ottawa, Ontario K1L6V2

Remarks

Exceptional investment opportunity in the heart of Vanier this purpose-built, all-brick six-unit apartment building offers a desirable unit mix of five 2-bedroom units and one 1-bedroom unit. Ideally located just off McArthur Avenue, the property is within walking distance to St. Laurent Shopping Centre, public transit, schools, and amenities, making it highly attractive to quality tenants. The property is professionally managed and currently generates a gross annual income of just over $98,000. With all units rented below current market rates, there is significant upside potential as units turn over. Situated on an impressive lot of over 12,000 sq. ft., the property offers potential for future development or expansion (buyer to verify with the City of Ottawa).With strong management already in place, this is a turn-key investment for the next owner seeking stable cash flow and long-term growth potential. Contact the listing agent for a detailed rental pro forma and insured financing scenario. (id:7526)

Property Summary

Neighbourhood: 3404 - Vanier
Lot Frontage: 60.6 Feet
Lot Depth: 90.7 Feet
Lot Size: 60.6 x 90.7 FT
No. of Parking Spaces: 6
Bedrooms: 11
Bathrooms (Total): 6

370 BELISLE STREET ,
Ottawa, Ontario K1L6V2

$1,425,000