ON
Ottawa
K1Y1R7
10 Sherbrooke Avenue
10 Sherbrooke Avenue, Ottawa, ON K1Y1R7
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Listing Type
Multi Family
Listing Status
Active
27
$1,199,000

Home Details for 10 Sherbrooke Avenue

Price
$1,199,000
Type
Residential Income
Bedrooms
4
Total Bathrooms
4
Listing #
X13504228
Property Description

Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
Listing Courtesy: ENGEL & VOLKERS OTTAWA
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EXIT EXCEL REALTY, BROKERAGE
1550 Carling Ave. Suite 204, Ottawa, ON K1Z 8S8
Office
613 822 8999
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