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$995,000

292 Altha Avenue

MLS® Number: 1213492

Beds: 0

Baths: 0

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Summary

  • Baths0
  • Beds0
  • Year Built1959
  • Storeys2
  • Listing TypeMulti-family
  • Property Style
  • Lot Size{lotsizearea}/
  • Water FrontNo

Location

  • Address292 Altha Avenue
  • CityOttawa
  • Postal CodeK1L7C5

Heating & Cooling

  • HeatingHot Water Radiator Heat (Natural Gas)
  • Fireplace/

Listing courtesy of  BLUE PANDA REALTY INC.

Description

Updated 4-Plex located in an area great for investment. All units have in suite laundry, updated bathrooms, and beautiful kitchens. There has been multiple other upgrades including: 3 units newly renovated, new flat roof in 2019, and new boiler chimney liner. Unit 1 lower level is on a lease for $1440/month, unit 2 upper level is month-to-month for $745/month, unit 3 upper level is on a lease for $1575/month, & unit 4 lower level is on a lease for $1390/month. Each tenant pays their own hydro. There are a total of 8 parking spots currently bringing in aprox. $5,000, but currently not rented at full capacity. Current cap rate is high which makes this a no brainier investment. This property sits on a unique R5 zoning, which allows for possible future redevelopment or expansion. (id:30499)


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Will Beaugé

Sales Representative

Blue Panda Realty Inc.