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$1,699,000
Available - For Sale
Listing ID: X12813150
Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income.
Price $1,699,000
Taxes: $15,949
Tax Type: Annual
Occupancy by: Tenant
Address: 26 Aylmer Avenue , Glebe - Ottawa East and Area, K1S 2W9, Ottawa
Postal Code: K1S 2W9
Province/State: Ottawa
Directions/Cross Streets: Bank St/Aylmer Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Building Percentage: T
Total Area: 4,782
Total Area Code:  Square Feet
Maintenance: 0
Net Income Before Debt: $106767
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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ROYAL LEPAGE PERFORMANCE REALTY

26 Aylmer Avenue , Glebe - Ottawa East and Area, K1S 2W9, Ottawa

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Glebe - Ottawa East and Area
Neighbourhood: 4403 - Old Ottawa South
Style:
Lot Size: x 161.96(Feet)
Approximate Age:
Tax: $15,949
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908