118 MARIER AVENUE
Ottawa, Ontario
MLS® X13869952
$1,379,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13869952
- Bedrooms
- —
- Bathrooms
- 6
- Year built
- —
1 / 41Listing description
Calling all investors and developers! Rare opportunity to own a 6-unit building on a double lot in the heart of Vanier. The property features five 2-bedroom units and one bachelor, with two units currently vacant, giving a new owner the opportunity to set their own rents from day one.
There is plenty of upside with two additional units currently rented below market and potential to add a 7th unit in the basement, subject to buyer due diligence and approvals. The double lot also offers future redevelopment potential, with the possibility of replacing the existing building with two multi-unit buildings, subject to zoning, approvals and buyer due diligence. Located close to Montréal Road, Beechwood Avenue, shopping, restaurants, public transit and just minutes from downtown, St.
Laurent Shopping Centre and Train Yards. Multiple ways to increase income and add value. See attached pro forma for additional financial details.
Property summary
- MLS® number
- X13869952
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 3,590 sq ft
- Land size
- Bldg=65.92 x 89.89 FT
- Annual property taxes
- $9,665.54
- Parking
- 5 spaces
- Days on market
- 3 days
Features & details
- Heating
- Other
- Cooling
- None
- Appliances
- Washer, Dryer
What would this home cost you?
Based on the $1,379,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of LOTFUL REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.