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Engel & Völkers

6134228688

AM-5024771 – This is the Engel & Völkers property ID, your agent might ask for it.

Jacen Matthews

Engel & Völkers Ottawa Central Glebe

Engel & Völkers ID : AM-5024771
Vanier, Ottawa, Ontario, Canada

Price
CA$1,499,900


Amenities and special features of this house

Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.94% cap). It has been extensively renovated and offers tenants a high level of security. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry, added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10,680/yr + higher Net Income approx $99,801.00/yr with projected CAP rate 6.65% (buyer to verify). Easy to own & manage bldg!

Contact us


+49 40 36 13 12 22

Vancouverstraße 2a

20457 Hamburg, Germany



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