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205 Ethel Street Ottawa, Ontario K1L 5X1

None Baseboard Heaters, Other

$439,000

Centrally located 4 unit building with a Walk Score of 87 and a CAP Rate of 6.77% with good upside due to low rents and parking tenants. Unit composition is 2x 2 Bedroom & 2 x 1 Bedroom mix. Walking distance to shops, restaurants & close proximity to transit & downtown making it ideal for all types of tenants. Three units are currently rented and one vacant unit available for easy showing. Units have the following rents; Unit 203A 1 BD = $600, Unit 205 2BD $950, Unit 205A 2BD $850, Unit 203 1BD VACANT $750. Tenants pay their own heat/hydro & HWT rental. Landlord pays for water, property tax, insurance, and thats it! Easy to maintain and ideal for investors looking for cashflow, upside rent potential, land with R4 zoning for future development, or live-in landlord. This fourplex is cheaper then row-units currently for sale! Do not miss out. Why not live in one unit and rent out the rest in an R4 zoned property with amazing future upside? (id:15865)

Property Details

MLS® Number 1171463
Property Type Multi-family
Neigbourhood Vanier
Amenities Near By Public Transit, Shopping
Parking Space Total 4

Building

Basement Development Unfinished
Basement Features Low
Basement Type Unknown (unfinished)
Constructed Date 1965
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Siding
Fireplace Present No
Flooring Type Wall-to-wall Carpet, Mixed Flooring, Laminate, Linoleum
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Other
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 95 Ft
Size Frontage 33 Ft
Size Irregular 33 Ft X 95 Ft
Size Total Text 33 Ft X 95 Ft
Zoning Description Fourplex

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21211773

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